Again with the misrepresentation of what has occurred with the O/S? *sigh*
In 2007, after the flooding occurred, Hemi used shares out of necessity. This has been disclosed and is not new news.
After that single-event increase, it was verified month-after-month for several months that the O/S did not increase until the Spring of 2008.
As PR'd in April 2008, the O/S was still the same as it was in the Fall of 2007... just over 64 million shares.
On July 22nd, 2008, it was PR'd that Hemi had issued just over 3 million restricted shares, and just over 1 million free-trading shares between the April PR and the July PR.
Big fat, hairy deal! TWO times they used shares and there was an increase in the O/S.
The use of shares in recovering from the floods was significant, but understandably necessary. If the insurance settlement is potentially $1.5 million obviously the scale of the damage that occurred is huge. I think Hemi has acted responsibly with the shares issued, far above and beyond any reasonable expectations one would normally have, especially from a pink sheet company.
IMO, all this talk about an "increasing O/S" is nothing short of propoganda... irresponsible disinformation just to have something to complain about... and it's getting old. Recycled baloney.
AI
