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Re: kelseyf post# 37183

Monday, 07/14/2008 11:42:08 AM

Monday, July 14, 2008 11:42:08 AM

Post# of 51429
Wow, now that's really a stretch.

Discussion of KAA's ability as a CEO is 100% relative to the board and I am confident the uber-mods wouldn't disagree. In fact, I think you'll find that most of the people reading this board are curious about many of KAAs decisions.

There is a quickly shrinking, albeit vocal minority who are willing to take the current DD at face value. I don't think there is hardly anyone here who feels it would be asking too much for KAA -who claims to be 'debt free and cash-flow positive'- to release the spring production numbers to show where all this cash flow is coming from.

IMO, there is one thing and one thing only that has ever moved this stock up in any kind of long term trend. That is production numbers showing we are undervalued even looking at those numbers by themselves. In almost every example that has been posted on this board of a large O&G company buying the assets of a smaller one, those assets included producing reserves, not just proven reserves.

No one wants to hear responses about how share price doesn't matter to the business plan (simply not true) and how nothing has changed in the way Hemi has been operating from when we all bought in 18-24 months ago (again not true). The reality is share price does matter, it matters to any business plan that is using equity financing as HMGP is and it matters to an increasing majority of the shareholders who read this board.

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