Hemi Energy Group Inc. (fka HMGP)

[Argyll]

You know what I meant. They put this in every other PR:

This part: "Hemi's very artificially low market cap is substantially below book value and below tangible asset values based on conservative oil and gas industry standards..."

May 29, 2007: "Management believes that the market cap and the market price are currently artificially low. This belief is based on the total value of the oil and gas reserves on leases in Kansas, lease values in four other states..."

8-8-07:"Management and groups assisting Hemi are addressing issues involving the artificial low market cap. Management knows that the total value of the oil and gas reserves in Kansas, BOE values on leases in four other states, an extensive library of geological information, and management experience, confirms that the undervalued stock market price is irrational considering all the values and fundamentals above."

Some variance of this has been in PRs for years.

"Management knows that the total value of the oil and gas reserves on our leases in Kansas, BOE values on leases in four other states, an extensive library of geological information and management experience confirms that the undervalued stock market price is irrational considering the values and fundamentals of all its assets."

http://www.allbusiness.com/energy-utilities/oil-gas-industry-oil-processing-products/5302884-1.html

They know for years the price is irrational and do nothing about it.

Then there's this:

"Building on decades of experience in enhanced oil recovery Hemi has successfully amassed a substantial and attractive portfolio of these high quality domestic properties. By streamlining operations through cutting-edge technologies, Hemi has the ability to operate more effectively and efficiently than larger oil companies."

This has been in PRs for years:

http://www.allbusiness.com/legal/securities-law-us-securities-act-1933/5429005-1.html

http://www.allbusiness.com/services/business-services/3935437-1.html

Also in many PRs. If that were truly the case that Hemi operates more effectively and efficiently than larger oil companies, I think the pps would be over .02!


As for who said anything about getting off the pink sheets and making a committment to do so: Keith Anderson.

About the DTC:

"During the past eight weeks, Hemi Energy Group (Pink Sheets: HMGP) has been working with the Depository Trust Corporation (DTC) to resolve a recently discovered issue that dates back to the merger of the company as a publicly traded entity. This issue should be resolved within the next few weeks. In the meantime, this issue in no way affects the daily operations of Hemi. The company also has some important updates that it will be releasing within the next few days."

http://ih.advfn.com/p.php?pid=nmona&cb=1224534689&article=16893729&symbol=NO^HMGP