Sigmund Freud said, "Sometimes a cigar is just a cigar."
The "KAA is selling shares" issue should be dismissed once and for all.
Not only has it been stated several times by Hemi that shares have not been sold by them, it is not in the best interest of the company to do so at these low prices. Several posters have pointed out that it is probably the LEAST effective way to raise money.
I believe that shares were used for repairs, perhaps salaries and certainly more leases.
It probably was not an easy decision for Keith to put more shares out, knowing he had to dilute the value of his own holdings. But if the value of those repairs and assets becomes a larger factor than the extra shares, it is all for the better.
Those that did sell shares needed the money or did not recognize the value of hemi going forward. They were given shares based on the market price unfortunately and saw them as a way to get cash. We do not know if all recent were restricted or not, at least I do not. The recent selling may have consisted of shares coming off restriction but the volume seemed bigger than that.
Personally I look more at the AS for any pink anyway, which is why the OS issue has had little meaning to me. I go in assuming that all, at some point will be issued, hopefully to grow the company.
The shares ended up in stronger hands at least.
Part of Keith's relative silence during that period was probably to not encourage any of the then current holders to sell on the weakness of the company at the same time, thus undermining the value of shares he was using to buy leases in Texas I would think.
Whether one likes to be kept in the dark so to speak and perhaps treated as a child, it may end up being the best thing in the long run for all of us. Keith has said, correctly so, that shareholders are often like children asking "are we there yet?", as well as not recognizing themselves as having no real authority in company operations. Even in communications, shareholders are not told everything.
"We pay his salary, and he works for us!" are nice in the theory of public corporations, but shareholders, like children, have no real authority or even knowledge to make the day to day decisions.
We are passive unless we choose to act. And the only significant action is to buy or sell. Posting, venting, complaining, pumping, bashing, in the larger scheme of things are really meaningless to the ultimate success or failure of hemi or any other company for that matter.
There is a certain amount of trust necessary, obviously, that the company will stay within the broad outlines of their stated, in our case, long range plans. I think it is fair to say that is the case with hemi. Even with the recent bumps things are still proceeding toward the ultimate goal.
So we each can decide to sell or wait passively and patiently for what we hope is going to be great days ahead. GLAL
