Posted by: Ovidius
In reply to: None Date:3/14/2007 8:22:24 AM
Post #of 13421
I heard back from Keith on the e-mail I sent. Pretty much you can guess the questions based on his answers. I'm posting this without asking Keith first, but it seems he has always been supportive of sharing his messages.
Here it is:
I just got back in the office after being in Florida for the past few days, for this World Business News interview, I have not had the chance to really catch up on what has been going on with our stock.
1. No I retired in 2001 when I turned 40... it was a goal of mine. It did not work out, because I think I was cofusing burnout with retirement LOL, plus I was much too young and needed a new challenge, so I returned to my roots in the oil and gas business. I really never intended for Hemi to trade publicly, but the initial industry investors wanted liquidity so... here we are.
2. Usually when we issue restricted shares, they are restricted 2 years... so yes we always have old aged stock coming on the market. Please dont confuse this with dilution because, with the work we do it takes some time for the value to catch up to the stock issued. IE Revinue/production justify the issuance by the time the restrictions are lifted.
3. We havent undergone auditing... but I feel like Hemi should have a minimum of a $1 share value, thats isnt including revenue. This value is based on oil and gas industry standards, IE reserves, equipment, desirability of reserves, information, infrastructure and all the other things it takes to produce oil and gas.
I really dont know what to say about holding or selling the stock, basically we are doing the same thing at .02 as we are at .50 and I suppose we will be doing the same thing at $1 or $5 or $10, us insiders have our necks on the line just like you shareholders do, we make no special rules for either... we simply work for a living and hope we are smart enough to keep finding and producing the oil and gas reserves we do find.
Thanks for the support
Keith A,
