Hemi Energy Group Inc. (fka HMGP)

[bdahl385]

Man, I wish your valuation number was true. I would hope that if presented with a qualified 50 cent a share buyout offer today, HEMI mgt. would sell in a hearbeat.

Do you realize this valuation of 50 cents a share is 100 times today's closing stock price??? Take your "conservative" estimate into any bank and convince them to loan you $500k to take controlling interest in HEMI and then you could sell the assets for your $50M value ... Quite a return on your investment - no? I would think investment banks would do business with you if these numbers were reality.

Unless you know whether these "reserve" reports are certified and refer to 1P (P90) PD or PUD, 2P (P50), 3P (P10) - you cannot arrive at a valuation without any chance of accuracy.