To those who continue to pm me with substance, thank you.
The share price and the presumed value of hemi by myself and others on the board becoming more incongruous daily.
Cannot imagine any thoughtful person selling at or near a fifty two week low shares of a domestic oil company with relatively low AS, ongoing operations and real assets.
Pure speculation but I believe Wilshire is trying to get a better sense of the reserves hemi has. That is what the original deal was to be based on with reserves used as security.
It was understandable, looking at it from a financier's view, to want partial ownership of the company instead of being a creditor of company assets, especially since those suits have no desire to get the reserves out of the ground, hence the desire for shares.
I would wonder, since Bedeznek likes hemi, and KAA is too stubborn to use shares as part of a deal, why Wilshire has not been buying on the open market, especially at the fire sale prices. Something to ponder I guess.
