News Focus
News Focus
Followers 70
Posts 9741
Boards Moderated 0
Alias Born 01/21/2007

Re: zguy post# 30005

Sunday, 09/07/2008 8:27:45 AM

Sunday, September 07, 2008 8:27:45 AM

Post# of 46420
Zguy, straight from the 06/11/08 Hemi PR:

Hemi Energy
June 11, 2008

"Neither Hemi nor Hemi's management have sold any shares in 2008 to the stock market and no market makers have been selling on the behalf of Hemi. Therefore, it continues to be Hemi's opinion that after hours postings are not shares being sold in volume but are predominately reporting of transactions of sales made during the day. Hemi continues to be cash flow positive and has more than sufficient funds to complete the three oil wells being developed in Kansas, and therefore has no need to sell shares to fund normal daily operations. Hemi's artificially low market cap is substantially below book value based on conservative oil and gas industry standards, especially when the expected oil production from the three new oil wells in Kansas are factored in near term.


For a board that wants nothing to do with or be involved with Hemi, seems to me that the interest in Hemi remains very high by individuals that just can not resist.

They just need to get their information in line (you know stay in bounds) and then all cylinders would be clicking for a pretty darn good and friendly Hemi discussion.

Kels

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today