"Management and groups assisting Hemi are addressing issues involving the artificial low market cap. Management knows that the total value of the oil and gas reserves in Kansas, BOE values on leases in four other states, an extensive library of geological information, and management experience, confirms that the undervalued stock market price is irrational considering all the values and fundamentals above."
Management and groups know but what about everybody else that buys and sells at undervalued prices? It isn't irrational at all since the market can only guess at what fmv is. There's all this great news that is upcoming but the details are still unknown. So since the company hasn't told us what the fair market value is, then of course the pps doesn't reflect the unknown potential.
Of course it shouldn't be a problem once they can start releasing all the good information. Once they tell everybody the company is worth $xxx,xxx,xxx,xxx then the pps can act accordingly. But it isn't a mystery why the pps doesn't reflect an unknown specific fmv.
