First, let me say I recognize that a few people on this board may have bought this stock years ago and lost substantial value...
If you're reading this, and the above mirrors you, please don't allow pre-existing bias cloud your ability to see what is coming:
This stock is about to become one of those penny stocks that 99% only hear about "after".
A r/s coming? Yup... Read my posts on this message board..I've acknowledged and described numerous stumbling blocks which lay ahead. It'll be entirely up to Presley and others to mitigate those...
But what else lays ahead? 3000 producing wells lay ahead...the costs of making those wells produce, easements, land leases, oh my oh my those are substantial costs.
So how will they pay these costs? With stock of course.
At today's stock price and A/S, O/S it's virtually unthinkable that they'll have enough stock to fund these endeavors...
Now we know a r/s is coming and so does EVERYONE... It's in their latest filings...
So what can happen first, ahead of an R/S that will provide nearly immediate relief for cash needs?
A stock pump (whether or not it'd be nothing more than a pump and dump remains to be seen).
One little press release boosted the stock price from $0.0073 to current prices... What will happen if/when Presley begins issuing substantive Press Releases en masse?
A $0.10 cent stock? A $0.30 cent stock? Higher?
So if you own this and are selling it now, you will likely see it in the near future at prices far higher than where you sold.
If you don't own it, or don't own enough, you'll likely wish you owned more.
Me? I own it. I have owned it.
My cost average is $0.0023 so yes, I'm talking my book but even with 600% gains I'm not selling. I've seen the writing on the wall. I know what Presley NEEDS to do and what he recognizes he MUST do..and while yes, I've been critical of Presley and I'm critical of the R/S, I know that Presley will do what needs to be done to raise the share price and give HPGS access to sorely needed capital.
Take it for what it's worth...just promise yourself to not be part of the 99% who find themselves wishing they'd known about HPGS ahead of the move.
