Hemi Energy Group Inc. (fka HMGP)

[zguy]

I don't believe so gtv.

If 99.9% of the float were to be held by people who aren't selling the price would sky rocket on any buying pressure at all.

Now, you want my opinion... I believe the percentage of shares held by people not willing to sell until way later or waiting for the buyout is in excess of 100%. How is that possible? Naked shorting. The vast majority of pink sheet companies go out of business. MMs bank on this and when they think that is happening they naked short the crap out of a stock... makes them more money. After all, if they sell shares and never buy them back they make A TON. Look at Hemi and the original decline from .40 to under .02. MMs without doing their DD just assumed Hemi was about to do what the vast majority of other pink sheet companies do and that is go out of business. However, that is about the time Keith's 6 years of hard work started to finally come together. People started doing research into the company and recognized how ludicrously cheap the share price was and bought shares by the hundreds of thousands and even millions. MM were not worried because they didn't immediately recognize what was about to happen. As Hemi's share price continued to go up and pass .10 the MM started to get worried because they held a huge naked short position and this company was obviously not going to fold as so many others do (that rely on share dilution to keep the doors open). I've been around since before then and buying pressure was very heavy and heavy often and each time the MMs tried to take the stock price down (additional naked shorting IMO) they were only met with additional buying. It wasn't until they ran the price to .90 and then two days later dropped the price to the .40s that the MMs finally got to some in that the stable chart all were used to was now gone. They have since used this instability to their advantage in an attempt to cover. I don't think they have yet covered because the people with a lot of shares can see through their tactics and are not giving them up. All I know with large positions have only increased their positions since we hit .90.

Sorry for the book and the above is of course only one opinion. Is it right? Who the heck knows but it makes sense at least to me. LOL Time will tell if true selling has caused the decline or if it has been MM games. If Keith does decide to change exchanges and/or a buyout occurs, it will be difficult to hide how many shares are really out there.