Yes, I am well aware of what the poorly worded question was. Even someone who was planning to flip the stock in a month could answer Yes to that question, simply as it affects the pinky food chain or market sentiment. (PFC = Day traders preying on flippers who prey on the investors who usually get screwed in the pinks)
I could technically answer yes to the question, but that doesn't mean I am willing to sit here for two more years with the share price drifting to nowhere land. As I once heard from a hard core chartist, 'The chart knows all' and it is often true, IMO.
If things really are as rosy as people say they are for HMGP, eventually real information gets out. Reserve reports, lease sales, joint ventures, buyout discussions, amazing well results - when these things are really happening word gets out. Not to the ihubbers, but to people connected to the action in one way or another. Volume picks up out of nowhere, the chart starts positioning for a move and the share price starts climbing. Then the news finally hits the streets and the average Joe finds out what's going on. Insider trading or whatever else you may want to call it, but its rampant in unregulated land of pinks.
So when nothing seems to be going on with the stock, it's usually a pretty good indication that nothings going on with the company either. Why doesn't Keith ever release any hard info about the number of acres or barrels of oil produced or locations of checkerboard leases or anything else at all???
Well the simplest explanation is because there isn't much to say. Because it would look completely anticlimactic compared to what has been speculated at. All in my opinion, of course. Sure some things are going on and sure the new well might be half decent and sure the stock is somewhat undervalued and the market cap is kind of ridiculous.
But $2-$3 undervalued kind of ridiculous? - I don't think so. Somebody, somewhere would know enough about it and take interest and that certainly hasn't happened yet.
AI
