Hemi Energy Group Inc. (fka HMGP)

[gtv]

I'll answer your question why Hemi is at 10 cents or so per share.

First of all, it's a pink sheet.

2nd, we all know they have oil, but the problem is that investors don't know exactly how much. In the ground or coming out of the ground monthly.

The unknowns associated with these two reasons keep the price down.

A/S shares are 100 million with about 60-70 in the O/S and only about 20 million in the float. PRs haven't had the production info or at least how much oil info that investors have been looking for. General malaise in the penny oil market could be. Lack of details on just how good the leases are, yes. Balance sheet is decent but it's a pink so all the details aren't there. Undervalued gem? That's what the silent majority on this board believes.

The company just needs to get all the flooded water out of the wells (in progress) and get those choice leases they have their eyes on and then let us know how much oil in and out of the ground and things should pick up.