Hemi Energy Group Inc. (fka HMGP)

[1581]

We have discussed this before badge.
Revenues are put back into the company in the form of leases and acquistions and expenses that help the company are used to write off against revenue.
What a lot of the public hates about corporations, especially big oil is that they show trememdous revenues and pay little or no taxes.
It is not as simple a situation as you make it seem.
And profits have much more meaning in a company where investors expect to receive dividends. That is not the case with hmgp.
It is about growth and then a profitable buyout.
Hemi may never show a profit to the simplified standard of one line on an Income Statement, but the company will continue to grow and then be sold, as you well know.
More important numbers in our situation will be about production and reserves, we are not expecting quarterly dividends here.

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