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It was just mentioned on the other board we all know about that dilution is the cause for our going lower. I do not agree. Keith is the largest holder of shares and for him to dilute his shares at .01 makes no sense. With the markets as they are I wonder if Hemi will continue with their drilling program or perhaps wait for awhile and hold some of the money they received for the WY leases? Oil is cheap right now and they may need to hang on to some operations money, just thinking out loud.
It does not appear to do any good to buy to try and hold the share price up, MM's are going to take it down no matter what we do. Anybody got any answers as to why this is happening?
Anyone know how much of that 578300 volume were buys?? If I were guessing I'd say most were buys. What a joke.
Put in the buy at .01 and got it at .009 for 100000. If I believed in the Hemi business plan at .18, .165, .135, .125, .12, .10, .095, .09, .075, .05 times 3, .04 times 3, .022, .018, .013, .011, than you know I think it is a steal at .009. If I'm wrong on this one than you know I'll lose a bundle. Still hold every share.
When there is blood in the streets buy. lol Well thats what they say. I see HMGP as oversold so I'm buying, hope it helps in the share price.
Pickens says that oil will move back up unless the global economy goes into a very deep recession. NOT even he could foresee what was about to happen in August. If you would have said gas would be back to 2.29 nobody would have believed you three months ago. Strange world we live in. I see the DOW going to 6800 and oil to $50 before long, however, by Summer oil may be back to $85 to $95.imo HMGP at .01 appears to be a good buy but what do I know.
Not sure how long you and I can keep buying to hold the share price up, think we will need a little HELP here. I think oil will stay low for a few months before it starts moving back up, just need to hold on and buy while oil stocks are cheap.Like many people here I am in for the long run. More after hour trades #$&^%@(*&^%$, oh well, we did move back up to .012
You think this might help Hemi:
A little housekeeping by our beloved, cough cough, regulatory agency. This is actually a good reg IMO:
Pink OTC Markets Announces Limit Order Protection Changes
NEW YORK, NY--(Marketwire - November 11, 2008) - Pink OTC Markets Inc., the leading electronic inter-dealer quotation system, trading technology and financial information provider for over-the-counter (OTC) securities, is pleased to announce a new Financial Regulatory Authority (FINRA) rule change effective today for limit order protection in the OTC marketplace.
Starting today, broker-dealers that handle customer limit orders in OTC equities, whether received from their own customers or from another member firm, cannot trade ahead of customer limit orders. This means that a firm cannot trade for its own account at a price equal to or better than a customer limit order without also executing the customer order.
This specialist-type obligation on OTC broker-dealers to execute customer limit orders price for price and share for share brings one of the most significant regulatory safeguards of trading exchange-listed securities to investors in the OTC market. This significant rule change will result in improved quality of executions for investors and improved OTC market efficiency.
Limit order protection will contribute substantially to transparency in the market, resulting in better and fairer executions for investors, as well as standardize the regulation of trading in listed and OTC securities. In recognition of this important advance in market structure, Pink OTC Markets is extending a free Real-Time Level 2 Quotes trial to issuers of securities in the Pink Sheets Current Information market tier for the next month. Investors using www.pinksheets.com will have access to real-time market maker quotes in order to better monitor the execution of their limit orders.
For more detailed information about the Limit Order Protection rule change: http://www.finra.org/web/groups/rules_regs/documents/rule_filing/p038831.pdf
Oil prices rise on hope China's stimulus will stoke demand, lets hope China uses lots of oil
OPEC wants oil to stay between $70 and $90, so do I.
While looking at the CNBC quote site it says we have a 206.8 market cap and 18.8M shares outstanding??? Don't really understand where they get their info.
As soon as hmgp dropped he shows up, not a dummy knows a lot about everything going on, or likes to think he does.Same old story, stops by to bash for awhile.
RENK likes to point out any typing mistakes a person makes, just another way to get under your skin, the boards sure have a lot of nice people posting these days.
I see we are infested by the one and only CGRENK. Sorry about that. We had him on HMGP over the weekend.
Wasn't able to get many shares at .011
REAZO, Thanks for sharing, after this weekend of posts I was not sure what to think.
Oil is down, markets are down and not enough info at this time to get people to invest , however, Hemi is debt free and cash flow positive and moving forward on their projects.
You say shares are being dumped, don't think so. ALRY sp has also been going down, however, their O/S HAS REMAINED THE SAME. I know apples and oranges but some force is bringing down small o&g companies imo.
After reading the below pr I find it hard to believe that Hemi is selling shares. It states they are REMAINING DEBT FREE. If Hemi did sell shares for whatever reason at least at this point in time they are DEBT FREE.
FORT WORTH, Texas--(BUSINESS WIRE)--Hemi Energy Group, Inc. (Pink Sheets: HMGP) today announced that on October 15, 2008 it completed the previously announced sale of its Wyoming leases. Net proceeds to Hemi, after expenses and other customary adjustments, were $475,000. Net proceeds will be used to continue developmental drilling programs in Woodson County, Kansas.
Keith A. Anderson, Hemi's President and CEO, stated: “Hemi is continuing to liquidate our non core lease acreage, in order to strengthen our cash reserves, remain a debt free operating company while focusing our energy and capital on developmental activities with our core leases in Woodson County, Kansas."
Glad to see your back with us. GLTU and me lol
zguy I checked out the posting of CGRenk this morning also and came to the same conclusion. There is no doubt that because Keith fails to give us more current infomation on the company these type of confrontations are going to be more common I'm afraid.
I believe your resent assessment of Hemi is wrong. I know the sp is down, communication with shareholders is lacking, but the basic fundamentals are still in place imo.
Ok, thanks
I see the volume is now at 228,000.
I was just wondering how much of that 205000 volume we had today was yours. After I bought 80000 this morning at .013 the share price went to .012. Maybe there were others here that picked up a few shares, let me know if you don't mind. Just would like to know how much manipulation is going on here.
It is my opinion that the Hemi management team knows more about drilling oil wells than I could learn in a life time, if they decide that drilling a horizontal well to maximize the best value for the company and the shareholders who am I to say anything about their decision.
The only complaint I have with Hemi at this moment is their lack of communication with shareholders which needs to be rectified soon before we go sub-penny. If Keith decides not to give out this information I can only say that he would be showing a complete lack of disrespect for his LONG shareholders that have been supporting his afforts the last couple of years. And do not tell me to call the company because I have with no response.
Hemi management will not give him the answers that he is looking for.imo
Oil prices surged Wednesday, buoyed by a global stock market rally, a U.S. interest rate cut and weaker-than-expected U.S. energy stockpiles. New York's main contract, light sweet crude for December delivery jumped $4.77 to close at $67.50 a barrel. In the Asian session Thursday, crude was up $2.13 at $69.63 a barrel by 10:22 p.m. ET.
Looks to me that oil prices may be going back up, not good for gas prices but good for Hemi.
Duelittle , your pretty good at asking questions of the board so now let me ask you a question. Why is Hemi worth less than it was one year ago.Now remember that the ND leases have more value than a year ago, the FW leases Hemi didn't have, the two new wells we didn't have and the 475k we just recieved from sale of Wy leases we did not have. To me it all adds up to more value but maybe in your way of thinking you might come up with a different answer.
I do want to say that you are right in that Keith does need to update the current o/s so that we know shares are not being sold to keep us cash flow positive.
Kind of feel like I'm missing something???
Duelittle2 your not missing anything except a little patience. You have been told all that Hemi has: leases, equipment, business plan, pumpimg oil, positive cash flow and a management team that knows the oil business.Most pink stocks are up to their eyeballs in debt, high a/s and o/s, surviving off of stock sells. We all want answers, I would also like to know the O/S ,but Hemi just received 475k, so I'm not to concerned about money to operate.
Where's the beef, wait a minute here I thought Hemi was selling oil. lol. Cowboy, I can agree, this has been very painful for all shareholders. Production of oil
does not appear to have been good the last year or so, if it had been you probably would have gotten the numbers you were looking for. I think Keith has kept them from us for that reason, however they were good enough to pay most of the bills, semi-annual reports same reason.
It all boils to one thing, if you don't buy the Hemi business plan than there is nothing here to believe in. I do believe Hemi has some very good assets in leases and reserves so that alone will keep me invested.
We are all looking for answers to the current market conditions. Oil is down in price and it may stay down for awhile, everything I read about oil tells me it will rise when the dollar turns lower, if your going to invest in the oil markets you are just going to have wait for these changes to happen.
There is nothing that I nor anyone else on this board could write that is going to make you comfortable with your investment in Hemi. Keith has done nothing that I can find to make me think that he is a corrupt CEO.
I think you need to remember that Hemi was not reporting numbers so market had nothing to go by, they have nothing to go by now however they do know Hemi is getting 50% less than before. It does not really mean anything at this time, you know what Hemi's game plan is: build reserves and stay cash flow positive. Hemi is following their plan and it is working quite well. Hemi is not going to be an overnight success story, however, if the Colins well produces as I believe it will Keith may just start putting out production numbers but don't start looking for those until next Spring.IMO
HMGP is being brought down in share price by market conditions only, this will change in time. We all know that Hemi is worth more than .02 . Big Mur, you are not the only person that believes now is the time to accumulate more shares. I've got a lot of my investment money in gold funds right now but if gold moves back-up I will sell and buy many more shares of Hemi if it continues to stay this low.GLTA
I agree the over-all markets will slow Hemi down for awhile, however I don't think oil will fall below $50. The dollar will start to drop by the end of the year and oil will go back-up. Wish I could tell you more but I'm keeping it a secret.lol
I agree, very good post and is why I continue to increase my position in HMGP
TTCM China Updates $7.3 Million Inner-Mongolian Contract
TTCM China, Inc. (Pink Sheets:TTCH), a leading producer and supplier of glass-reinforced fiber plastic pipes, today updated the status of $7.3 M. Capital City of Inner-Mongolian Water Supply Project.
All the preparations including on-site production facilities by the subsidiary company are ready for the commencement of production in the near future as scheduled.
Also reported that the total assets of the company as of June 30, 2008 were $54.05 million, the net-worth of the Company was $11.4 M and had no long-term debts.
Mr. Jiqun Wang, Founder and Chairman of TTCM China said, “We are pleased with the completion of preparation of on-site production which took some time. The demands for TTCM China’s products are strong. We are focusing on fulfilling orders in 2008 and beyond and looking into several financing options including HePing Investment Company to enable us to realize the higher revenue in 2008 and beyond.” About TTCM China, Inc. http://www.ttcmchina.com
You are right, do not sell, you and I may be the last two in the room when the lights go out. I placed my bet on all that I know about ALRY and I will be here to the end, however I do believe I just might win this bet in the end.imo
We have had huge volume spikes lately in hmgp but have stayed around .02, anyone know what this is all about?
I would have to agree with you, if Keith is going to spend 475k drilling new wells he must be expecting a nice return.
We all know the share price should be higher,Hemi can not stay this low, picked -up another 200000 shares at .018