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Re: zguy post# 42873

Wednesday, 12/31/2008 10:40:53 AM

Wednesday, December 31, 2008 10:40:53 AM

Post# of 51429
Reading this board and other sources of information are what is helping make up my mind. I did want to ask, and if it's not appropriate I'm sure it will be deleted, if I am understanding something correctly.

The flooding in Kansas in 2007 took a lot of wells offline. Hemi has worked to put the wells back online, and was able to do it with their own cash reserves because the insurance company did not (yet?) pay the claim. Hemi was able to do this without having to borrow money, and still remain solvent. Additionally, Hemi continues to remain debt free, at least according to the assertions of its CEO. At some point an insurance payment is anticipated, which will add capital to Hemi's reserves. Do I have this piece right?

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