Interesting HMGP market cap comparison...
When people look at companies to invest in, it seems many pink sheet players look at the PRICE of the stock. One needs to look at the market cap instead to get a true picture. I've actually heard people say along the lines of "I'm not buying that .25 stock because it is too expensive and I'm going after that .03 stock." That is completely the wrong way to look at it. I am bringing this up because people are obviously not paying attention to HMGP's market cap in comparison to many many other oil and gas companies which have much less than HMGP and sometimes 5 times or more our market cap. It is pretty damn crazy when you compare HMGP to others using market caps.
At any rate, I have an example for some to think hard about. Look at the company Brighton Oil & Gas (BOGS). From what I can tell, they might not have ANYTHING right now. I have only looked at the company briefly but it appears they have no current land. However, they have a market cap of over $8mil but not long ago it was double that. Look at their most recent press release where they basically state they have nothing and it appears nothing coming for the future... yet their market cap is HIGHER than HMGP's market cap?????? Here is their most recent press release...
Brighton Oil & Gas, Inc. (OTCBB: BOGS) -- The Company has in the past announced pending acquisitions of oil and gas properties and would like to bring the shareholders up to date as to those announcements. In October of 2006, the purchase of 3 drilling rigs never closed and the company will not pursue that purchase. The 42-well program on 15,000 acres was never funded and that program will not be revived. The 12 million dollar purchase announced in March of 2007 was not closed due to the lack of funding. The Wise County acquisition, announced in April of 2007, was never closed due to lack of funding.
The Company currently has no ongoing operations and is reviewing several prospects that new management believes will result in some good opportunities for the future direction of the Company. Events will be announced as they are closed.
HMGP market cap is a little over 5mil. This company which has no operations at all, no prospect of future operations, and possibly NO ASSETS, has a market cap 50% (FIFTY PERCENT) higher than ours? There are other similar comparisons... oil companies that generate revenues (total income!) of only about $90k in oil and gas PER QUARTER and pay near $300k in INTEREST DEBT alone per quarter yet have a market cap 7 times ours. Again, what's up with that?
What's up? I think a lot of it has to do with investors on just THIS BOARD owning millions more than are supposed to be out there available for trading. Who knows how many more are owned by people who don't read or post or cared to let hubbabubba know (like the bigger oil company that owns about 5% of the stock for example!). Basically I think that we are in a unique situation here and I for one will not be shaken and thus giving in so to speak. Instead, I know what I have and I'm going to just keep buying more and even further compound the problem most of us believe the MMs to have put themselves in. I haven't sold and since I was buying at .60 and the company has only grown their assets and gotten better since then, I'm most definitely still buying now. I'm down huge but as strange as it might sound, I'm not experiencing "fear" and instead look at this as an opportunity. For those who don't have the funds to buy more I do understand the pain and hurt. I've got some friends myself in that boat... bought in much higher and don't have the funds to average down. Pretty much sucks but guess what... they aren't selling because we strongly believe we'll test our old highs. We bought at .15, we bought at .12, and we consider those good buys as we don't expect to be able to time the bottom exactly and fully expect those shares to be worth much more in the near future.
Anyway, if some minds need eased, just look at our market cap and the market cap of other companies. Also keep in mind the statement made by Keith in a recent press release which read "“Our Market cap is substantially undervalued, an artificially low market cap based on what the Oil and Gas Industry book value would value Hemi Assets. That is a HUGE statement guys. That means that what Hemi has on their books is valued at more than what the market cap was at the time of the press release (higher than it is now!). Anyway, think about that too! Companies don't stay at a share price which makes them valued at less than what you could sell their assets for at a garage sale for very long :)
AI
