Hemi Energy Group Inc. (fka HMGP)

[PinkElephant]

Thank you, as much as I hate being lumped in with Badge. While I do agree with some of his points I certainly disapprove of his tactics and have called him on it same as I do anyone else when I think they are full of it.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=28594004

What I find humorous though is how points are ignored while complaining about the tactics. The only response anyone seems to have it to go to Texas and ask KAA.

I find this terribly amusing. In the last few years that I have been playing pennies, that is exactly how I've seen people lose the most money. Many of the big plays that got lots of attention and build-up and then completely tanked started this way. On the surface they all looked like legitimate companies. You can't pull something off like that without having a good story on the surface to begin with. Of course, they are a legitimate company! See, they are pumping oil!!!

However, the other thing I have observed that is most consistent across all of these plays is that individuals are talking directly to the CEO and coming back to the boards with this info. That is one of the biggest red flags of all in the pinkie market, IMO. It isn't the way to get information or do your DD, it is just the opposite. The times when I've seen investors get the most burned this has been the case. The ones who've lost the most are quite often the ones talking to the CEO because they always come back as 'believers'.

I'm not saying I think this is necessarily happening with Hemi, but I do think that trying to pass off talking to the CEO as real DD is simply ludicrous. Especially when said CEO has such a difficult time following up on his press released statements as it is.

Doing your DD involves finding out all of the publicly verifiable information you can. Going to the Kansas operations and seeing things is certainly a way of getting publicly available information. People can draw their conclusions based on what they find out. However, I think some people are trying pass off their conclusions, 'deductions' and assumptions as DD itself. It doesn't work that way in my book.