Zguy, you hit the points square on, points that some on this board fail to recognize or just want the opportunity to take the direction of a discussion off the beaten path and down a negative road with very little support or logic behind such statements.
I think that question back to these individuals is:
Define valuation? Define assets? Define Liabilities?
Perhaps this is the discussion or course, which you clearly outline already in prior posts, that needs to be presented on the board to these individuals on Hemi.
Hemi 101: Valuation - Assets & Liabilities
Point 1 - Hemi maintains it's business plan and strategy. The last two PR's not only offered validation of Hemi confirming a statement of a transaction to be completed, but also committed to new drilling, horizontal at that, in SEK over the next 30-90 days. Heck it has only been 11 days since the 10/15/08 PR
Point 2 - Hemi remains Debt Free; I would hope there is no need to explain what this means in todays current market environment.
Point 3 - Given the current market cap of Hemi when one takes into consideration the current Hemi holdings including leases, O&G reserves and equipment of Hemi; @ .018, this IMO is a very undervalued stock.
Point 4 - The North Dakota (Burke/ Divide) Bakken Field deal IMO is still on the table and should this deal be finalized it will close well north of the recent proceeds of the WY 10/15/08 Hemi deal transaction; of course IMO.
Point 5 - Those that are making such statements as Hemi will see .005 or for that matter .0016 need to understand:
It is always the darkest just before the dawn breaks.
Kels
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