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Re: REAZO post# 43697

Monday, 01/19/2009 9:52:56 PM

Monday, January 19, 2009 9:52:56 PM

Post# of 51429
I hear ya, but in the year before his last revelation of the share structure it went up tens of millions. Sure by comparison a few million more this year if that is all it is, would seem 'little'. Yet, if that were all it were, I don't think he would need to hide it.

But if you really think about it in terms of what you believe the company to be worth, even that is a significant amount of shares. I find it hard to believe whatever assets might have been picked up would equate to the share price you believe HMGP is worth. If it isn't, that's dilution.

As for this spring, I'm right there with you, but it is the same place we were a year ago with little change. Given their track record of getting amazing results from wells which can't produce sellable resources, we may be in the same spot a year from now.

-PE

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