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Let it go Linda.
I've come to realize that the irrational uber-cheerleaders (not the larger majority of 'optimists' in the middle, like you, mikep & sos) are doing a much better job of warning off new investors than any amount of reasoning and pointing out the obvious recent history.
There may be a small, small handful of folks who end up here who are not regular iHubbers, but more 'one hit wonders' who will get taken in. However, they will certainly manage to scare off the vast majority of penny investors who stop in here despite the chart. They know Koolaid when they taste it.
Don't thank us, thank Wilf. He's the one that sold you all those shares.
This from someone trying to sell 'managed forex accounts', the most notorious form of investment fraud out there?
Very good summary.
Right now I'm just giving people enough rope to hang themselves.
It's kind of like being lost at sea. If they don't find your body, you are only dead on paper.
I think your right, the week is young, we will get an update on the new well sometime in the next 7 days.
The problem is it isn't going to matter. We already know it will be good news, its a given. Craig could have drilled and fraced a miracle 200BOPD well and we might only get a small pop in the share price for a few days or weeks. Everyone who was screaming 'trend reversal' the last pop will probably be a little wiser this time.
The reality of the matter is that the share price is going to trend down over all until the company takes control away from NITE. As BigMur pointed out, I was wrong to think that was going to happen this month. My loss.
In fact, listening to some, that may not happen until 2010. Consequently, if they can beat us down from .40 to .20, eventually they can beat us down from .20 to .10. It all depends on how long KAA feels he has to maintain his silence.
Fair enough, but then I would certainly under that philosophy recommend to anyone on the fence to not put one single additional penny into HMGP until KAA starts following through on his promises of information.
Because there are two things driving the share price, the company and their releasing of information and the MMs, and the MMs are much, much more consistent in their approach to HMGP. They also appear to have more control of the situation.
The longterm plan is one thing, but anytime they are releasing more shares into the O/S they need to be concerned with the current share price. Since the O/S has increased over 40% (probably more by now) since December, they darn well better be concerned.
I don't think it is as simple as that. I've got longterm and midterm money in here that isn't going anywhere.
I've also got short term money here that is going to start coming out in the next couple of days at a loss. I've got no choice. KAA has been too quiet for too long and now we are stuck below $.20 again and I've got to let go a sizable amount of shares. Money I never would have put in in the first places if KAA hadn't given indications that they were about to start letting us in on what was going on.
Well, you would think a "4th generation oilpatch man" would know better than to put a time frame on things like fracing and equipment delivery that are outside his control.
I disagree. Read the NY story from Keith's original email to lowman. They were capping off and ignoring all kinds of things back then. I believe some of the gas we have been leasing was the same way.
Back a few years ago a small private company similar to ours happened across a geological study and drill results by Standard of Ohio? New Jersey? Conducted in 1901? 1902? They drilled a well near Oswego NY that came in at 300 BoD. Standard determined the well was "un-economical" (by early 1900's standards) because of the lack of rail and other infrastructure to get the oil to market. Natural gas was a nasty waste product then and there was a large amount of NG in the oil. Anyhow, Standard decided to plug and abandon the well and focus a 100 miles south in Pennsylvania it was cheaper to operate. This Standard file lay dormant until 1990's, when the small company found the file, researched it, and proceeded to drill near the old Standard well with new technology and the well came in at 1,000 BoD. Yeah a 1,000 BoD! (too bad they talked it up and generated all the competition) So the silent New York O&G stampede is on. Only industry people have a clue as to what is going on in New York State. Could this be the same reason we are in Kansas? Who knows? But we aren't saying... for now. LOL
It has been this way a lot of the time. It is much harder to correlate when the volume is higher. It is also much easier to see when the B/A is fairly steady like today.
However, the majority of the time the amount is closely tied to the volume of 5000 (or multiples) share blocks that are bidwacked each day. It isn't always at the same price since a lot of the time it moves the bid down (their goal obviously).
It looks exactly like what you would expect from algo trading where they are trying to wack the bid as much as possible with as few shares as possible. It spread out across the day and always in big 5K multiple chunks. Its looked like that for 6 months whenever there was AH trades.
It is also fairly identical to what you see when someone is algo selling shares for the company (dilution) or a large shareholder. It just depends on who is doing the selling. In this case it isn't likely dilution or it certainly wasn't March through July. I haven't heard any promises lately, but I doubt that is what it is.
There have been many confirmations that these AH trades are common when someone has turned over large amounts of shares to be sold. There is no reason that they couldn't do the same thing with air-shares.
He's right gotta. Wilf would make sure to always maintain a controlling interest in the company. That's what all those restricted shares that he owns are for.
Well, you could market sell all your shares. That would be some action, but probably not what you were referring to. :(
Were these photos on the Hemi website before?
http://www.hemienergy.com/projects.html
Personally, I'd prefer it tomorrow. I'd have preferred it last week. 'A blockbuster PR in the hand' and all that.
I'm set to wait until about this time next year, but I would much rather see things now. Especially since we've only got about 12 weeks of drilling weather left and we aren't going to rise very far on drilling results this year, IMO. We've had great drilling results already and it was the beginning of the drop from $.50.
No, but I am pretty sure they had just increased the A/S at the end of last year. I think we have been seeing what they had in mind for those extra shares.
Gotcha,
Yes, for tax purposes the loss isn't reported until you sell it, of course. That is the exact point that gets taken out of context. You think we are at new lows now? Wait until tax loss season in December!
I can show you 100s of links like the one in my post.
Beautiful.
Unless of course you can manage to reverse split yourself in mid-air and just keep falling!
No, what did I miss. I don't even have cable. :)
None of us have lost anything yet. You know as well as I that it's only when you sell is when you lose.
That simply is not true. You've lost money as soon as the share price drops below where you bought. Believing anything else is ludicrous from an investment standpoint. It is that precise attitude, that causes people to hold through massive dilution and losses and end up broke. Please read anything written on the subject of emotions and investing to understand.
You've lost money until the share price goes above your average. There is never any guarantee of that ever. The very first penny stock I bought 9 years ago or so simply stopped trading one day and became worthless. That is common on the pinks. The SEC gets even a hint of impropriety and they could simply halt trading of the stock.
You have to be willing to re-evaluate your investment at anytime. If you wouldn't buy more shares at a given point, then you shouldn't hold on to the shares you already have. Anyone who buys shares when presented with proven and admitted dilution is simply giving away their money, there is nothing else to it. People willing to hang on to their shares under the same circumstances are just as trapped by their emotions.
"The first rule of investing is don't lose money; the second rule is don't forget Rule No. 1." -Warren Buffet
http://stocks.about.com/od/tradingbasics/a/Sell081405.htm
No harm, no foul.
A year from now it will just be one well among hundreds. A year ago I would never have expected them to have had so much growth as we've seen.
I know things kind of get confusing on the Pinks, but I think you meant my good buddy Floyd. ;)
http://investorshub.advfn.com/boards/read_msg.asp?Message_id=22025479&txt2find=float
I would be very, very surprised if it was. Knowing what we know about the area and the fact that this is a mature field, I think that we would be lucky with anything over 10BOPD.
After this many months of settling in I would bet we are getting anything from 10-20BOPD tops. Frankly that would be extremely good for a stripper well in a mature field there. 100 of those babies spread out across our current leases would be something. I'm sure something like that was the original business plan.
Now I am sure it is part of a greatly expanded business plan that includes new found oil and gas payzones some of which is not mature. Give these guys enough time and we'll be swimming in oil.
Sorry yardboy, but iHub is very good at identifying and deleting multiple accounts. Please don't turn into another MMM.
MMM, It's hard to say as they don't display that kind of statistic that I am aware of. The one thing that they do list is the number of boardmarks. It is in the upper right hand corner of iBox up top.
Currently it says 41. That means 41 people have this board bookmarked in their iHub favorites so that they can see when there are new posts. I would guess that is fairly accurate. There are probably a few lurkers who have never signed up and don't have it marked, balanced by a few old accounts that have it marked, but have long since gone away.
Almost all brokers disallow market trades on pinksheet stocks. If your broker doesn't, you need a new broker.
That's silly Gulfbreeze, selling 75M shares into the market isn't going to move the price down.
I think MadMoneyManiac has the right of it. It is the bashers on this board who have convinced a handful of shareholders to sell their shares, so that these bashers could buy them at a lower price!
That could be as much as 1-2M shares they've scared people into letting go. Someone should sue! Those poor folks who sold are missing out on so much. Sadly they can take the money they got and buy back twice as many shares as they had a month ago. What a loss.
Good thing MMM is on the job and going to "see changes MADE in the USA". We need to stop warning people about CEOs who dilute millions of shares into the float. It scares away new investors! How are we ever going to make money if anyone knows the truth?!?!
*drip* *drip* *drip*
MMM do you even know what a stock chart is or how to find one? IHub has them built into their site. Please look at the year chart sometime. No one has to do anything at all to make this stock go down its been doing it for over a year straight.
You can believe whatever you want, but like I said even the flippers won't touch DPBM.
I'm a little tired of that argument. It is almost comic in some ways, as it has been said many many times before all across the stock related message boards by bagholders who think the boards are only for people who currently own the stock.
It entirely defeats the purpose of the board to have only people who are currently long shareholders posting. It makes even less sense on the pinksheets and iHub where the vast majority of posters are flippers who know better than to go long in a pink.
It is a sad indication of the worth of this stock that we only have like 3-4 legitimate flippers hanging around. Usually, if there is a chance of a good bounce or reversal there are a lot more, but not here.
Bottom line is, anyone who wants to can post here about DPBM and they can say pretty much whatever they want. So get used to it. Look at the chart for the past year. Anyone who has kept someone away from this stock has done them a favor.
You're absolutely correct zguy. Nite is often the only MM of consequence and I think the only one 'making market' on HMGP. There are others that pop in, but probably only as a response from transactions from the brokers they represent.
Here is an interesting link that breaks this down monthly. (Thanks blackcat!)
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=HMGP&SortBy=volume&Month=7...
Zguy, most certainly not 'real' selling pressure, I agree. Just the MMs playing the chart and knowing when it and the weak hands are vulnerable to manipulation.
I hope your right, Kelsey. I agree with you and Badge that a PR could be imminent. Maybe not the cork-popper today, but lately they are all good!
Actually, we have just the opposite of buying pressure. The chart has been priming for a couple of days to move (in either direction).
As I feared, without news we are now breaking quickly below .20. Those bollies were too tight for it not to move one way or the other. Another missed window in my opinion, but only a short term concern.
Anyone looking for cheapies, they'll be yours for the taking between now and the next PR. They may be available after that as well if the PR isn't substantial enough.
That was the lamest excuse for a company website I have ever seen. It didn't exactly inspire any confidence at all that they could do a thing.
Hemi's old website was better. By a longshot. Even with the suicide gas pump shot.
Think of it like this. Supposed you had a brown paper bag with a million dollars in it. How much is that worth? And then you gave away the million dollars. How much is the bag worth then.
That's actually not a very good analogy. I think I will wait like MikeP and try not to pass judgment until we get the full details.
The current SHO regulation already covers Hemi. Obviously, it hasn't done any good.
The current SHO regulation covers short positions taken out after it was put in force, but excluded those previously. Now it will cover all short positions.
Hemi's status won't change because the regulation is already in force for Hemi which went public after SHO (Jan 2005).
Looks like someone bought about 750K shares in the space of about 15 minutes. If they had simply been patient they could have gotten it all at .01 over a few days.
It was all but over before I even saw it go.
If I understand correctly, this removes the grandfather clause for short positions entered into before January 2005(?). Hemi's short position is newer than that and wouldn't be affected, but I could be wrong.
Yeah. Looks like we are back to a penny off where we started the day.
It isn't quite that bad MSG. Most of us here know personally or have met people in the company. This is a known company in the industry and they are actually out there doing stuff.
How well they are doing it and with what true intentions remains a topic of debate.