If I remember correctly, it was a little under 19,000. It is now around 2.3M.

Looks like the truth has finally taken hold. The share price is at ten cents with a bid of two cents. Taken down by a 205 share trade. Wonder where HG is hiding these days?

The original PR mistakenly identified Mammoth Energy as Native American Energy. The mistake was quickly corrected:

http://www.redorbit.com/news/business/1533595/mammoth_energy_group_inc_announces_acquisition_of_working_interest_in/index.html

The difference between the two companies is that Mammoth only has one foot in the grave while Native American is dead and buried.

What? You mean his answering machine (located probably in his kitchen) isn't considered an asset?

Interesting that my 20,000 share purchase was the only trade of the day during Market hours. Then comes an AH trade of 20,000 shares.

Just felt it was time to add to my position.

The 20K trade was my buy.

Mur, great work on identifying the Hemi Bakken lease!

The reason for the termination by Keith of the sale of the Bakken lease sale is out there for anyone to find. That is, anyone interested in the facts. Were I Keith, I would have done the same. In point of fact, any rationale human being would have done the same. While not of equal value to be sure, Keith substituted the WY lease - one helluva deal. Meanwhile, Bakken negotiations are on going, but there is no need at this time for Keith to accept anything less than par value.

Interesting change in the bid/ask a little while ago. Bid up to 0.075, ask at 0.012.

I've already sent a copy of the post to Hemi. Enough is enough.

Mur, as you and others know, some fourteen months ago I went from being a Hemi critic to one views Hemi pretty much as do you. This was not from any conversations with anyone at Hemi, but rather from an independent source which did an exhaustive background search of Hemi and its management. Can I guarantee that Hemi will ultimately succeed as an oil and gas company? No, I cannot. However, what I do know is that it is a legitimate operation with a management team trying its best to build a successful company.

From all the checking I have done, the current estimate for the entire Bakken Formation appears to be between 80 and 100 billion barrels, far less than the numbers circulating in the email, but still a huge amount. If it can be tapped, it is enough to power the U.S. for about 20 years.

What is certain is that horizontal drilling is on the rise in the Bakkens.

How could anyone who is supposedly an expert on all things Hemi not have known about the known reserves in the Bakkens?

Mur, you are right. That is information previously posted on this board and has been known for some time.

It's all over. Honest George has nothing left. He survived the last year by diluting the crap out of the stock until he brought it to no bid. Then the genius tried the 50,000 to one R/S figuring he might be able to start the diluting cycle all over again. Didn't work - no more suckers left. Not only that he lost the rights to what little he had of any value - the Plus Systems.

No employees, no website, no email contact, nothing but an answering service which leads to a voice mail from the honest one. And to top it off, the lawsuits keep coming.

It anyone can't see HG for what he is, they deserve what they get. Can't say y'all weren't warned way back when.

You got 4M yet, bad?

Poof!

To all the posts which said that Hemi would not provide disclosure to its shareholders.

Incredible isn't, Kels.

Debt: It is croaking many individuals, it is croaking many companies such as GM, it is croaking those states like California, New York and New Jersey which have spent like the proverbial drunken sailor and it will croak the United States unless the fools and crooks in Washington are tar-and-feathered and run out on a rail.

Hmmm, Hemi has no debt.

You are not alone, Cash.

Exactly, Kels.

I don't know the odds are for/against the Silvey-Hemi #1 ultimately proving to be successful, but I do believe that Hemi management has thoroughly thought through and planned for the drilling.

These days it is getting more and more difficult to count on money you have in a bank.

CashCowMoo, thanks for giving us your perspective. It's appreciated.

Committed is an interesting word. I have no doubt whatsoever that Keith is, indeed, committed to turning the share price around. I also have no doubt that there are some armchair quarterbacks who should be committed.

I saw that earlier and just shook my head. I didn't bother to respond because I've decided it's not worth the waste of time.

LOL, badta, I saw this post and I said to myself, "Wow, admin just wiped out a slew of posts." Then I realized you had posted the same earlier.

Zguy, do you feel a breeze from somewhere? LOL

Badta, the reserves numbers currently being bandied about probably are, in my opinion, only about 30-40% of the true number. The question is whether or not Hemi, whether alone or in concert with one or more other entities, will be able not only to tap those reserves and/or demonstrate that they can be tapped, but done so as to turn a profit. I consider the shares that I have purchased as a bet that they will be able to so do.

I believe it should be done ASAP and I believe that management has moved to that point of view.

The shareholder letter was put out expressly for current shareholders, especially those who are "veteran" holders. As Hemi continues to develop its plan and begins to put out PR's, that will attract new investors. It won't happen overnight, but it will happen barring a complete worldwide economic collapse. If that happens, Hemi will be the least of our concerns.

Confirmation of the completion of the FIRST horizontal well with attendant production numbers for starters.

Conveniently overlooked by the self-named Soviet satellite is the expenditure of $1.5M to repair the ravages of the 2007 flood (not to mention the loss of production). Given that the company to date has not received a penny's worth of insurance reimbursement, that it is still in business and operating with no debt is a testimony to the drive and determination of management. What a stark contrast between the amount of effort put in by Hemi management to create a viable business and the effort of someone sitting at computer keyboard trying only to destroy a company.

Help yourself.

That doesn't concern me one iota as I never posted such, nor did I ever for one moment think such.

No, in conversations with other shareholders, we had figured @85M. While not thrilled with the 87M O/S, it does put to rest the wild speculations by some on this board that the A/S had been surreptitiously raised and that the O/S was in the hundreds of millions.

I can only marvel at the thought processes of someone who tries to imply that the "uncategorized income" is somehow suspect. If he had stopped to think for a minute or two rather than rush to criticism, he might have figured out - for starters - where at least 64% of that income comes from. I guess translating "lease liquidation" was too difficult a task.

I had assumed that reimbursement from insurance for the 2007 flood damage was a dead issue. From the following, it appears that it is still open:

"Hemi has spent about $1,500,000 on repairs and has yet to receive any insurance payout to defray these expenses."

Then I'm happy for you, Badge.