Lowman may be a rah rah guy to say the least on many of his picks, even if they go south, but one thing is for certain: If he says he visited and saw first hand the company he is following and says it's not a scam, you can most likely take it to the bank. He had plenty of pics and anecdotes, and it's pretty easy to see it's not a scam.
The problem here is not it being a scam, the problem is a CEO who refuses to provide numbers that would help investors. Instead, he hides in a cloak of secrecy in paranoia of people getting antsy if they see dilution occuring, even if it's in the best interest of the company. He feels people will panic, complain, whine etc...hence, the gagged T/A. What he doesn't realize is that with dilution, coupled with INFORMATION would negate any of his fears.
Keith has a lot of explaining to do. The 80% total drop since the Spring and subsequent two 50% drops since signal something way more wrong than healthy retracements imo. The pop from pennies to .70 certainly made a lot opf people a lot of money, as did the several percentage gain periods over the last 3 or 4 months before the tank.
Now, HMGP is drifting back to almost pre run to .70 levels. Is it MM games? Probably not much. Is it shareholders selling? Maybe. Is it dilution? My guess is yes, and big.
Keith could say all he wants that it isn't him dumping. Technically, if he did a PP or gave shares away for something and THEY are selling, then Keith could say it isn't him. For instance he wrote in Sept, "We are aware that some shareholders have issues and are concerned by after-hours stock trading. We would like to reassure the stockholders that Hemi management has no knowledge nor involvement in the after-hours trading that appears to be discounted stock prices to brokers. Management has used shares in 2007, most of them being restricted shares, to acquire assets for the benefit of Hemi, its shareholders and management compensation and services.”
Notice the words "Most of them have"? Well Keith, what is most of them? How much percentage out of how many shares total??
Again, with a gagged T/A, it just puts the shareholder in a difficult situation and really an impossible one to verify anything. Are the after hours trades just MM's cleaning house? Is it the company dumping? With access to the T/A, investors can get the answer rather than guessing and speculation on a message board.
lowman has done a great job reporting his findings on here, but even with that, Keith's words MUST be taken with a grain of salt until we see proof in the pudding.
But a scam? Highly doubtful.
And at .12, if this doesn't drift much lower and Keith comes out with something positive and something that can be verified, this could go back up in a hurry.
But first, he should at the very least ungag the T/A, and start acting like a CEO should with regards to shareholder concerns. And that means numbers.
AI
