Sunday, February 11, 2007 11:58:12 AM
OS= 167,693,645
free/float= 65,341,339
restricted= 102,352,306
authorized= 200,000,000
share price 2/9/07 .37
This is Hemi structure from I-hub board
Authorized 100,000,000
Outstanding 38,000,000
144 Restr. 22,000,000
In Float 16,000,000
Share price 2/9/07 .085
I did a little reading over at the Hemi board. One poster seemed to have a holier than thou attitude towards RGNO. He said Hemi is a keeper, RGNO is a trading stock. I say their isn't that much difference in the two companies. Their basic strategy is the same, take abandoned wells that still have large reserves and rework them. On the Hemi board they are really excited about their prospects, several dollars per share. I must admit, Hemi was right under my nose and didn't know it, but I think RGNO has the same potential, maybe more. They are both non-reporting companies, so it boils down to management, who do you have faith in. I think our guys can smell oil a mile away so, I think I'll leave my RGNO chips on the table if you please.
ps. Risk Capital Management did a stock promo on Hemi Oil when the price was .07, they put a price targe of $7 to $10 per share. How many shares did they get for their services, so has their share structure changed from what I posted above? Imagine if you will what our shares would do with some promoting. I would like to hear some news from the company this week, and if there are shorts still trying to cover...Katy bar the door!
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