Badge - I've seen this before and similar postings from KAA. My point is if that is indeed the HEMI game plan, why does their website not spell this out as a clear business strategy? It's as if the website is purposely showing one business model and the management working on another. Why?
The company, imo, should have been structured as a MLP (master limited partnership) or such so that the final liquidation would be out in the open for all investors to know what they were buying into. Even public pinks owe some degree of disclosure, whether required by law or not, to keep their investors informed of what is happening. I initially bought into this stock based on their PR's about acquiring all those mature SEK leases and how 4h generation know how and EOR was going to develop these old wells into 1500 bbl month production. The PR obviously had an extra zero as the "real" production seems to have been more like 150 bbl a month.
To put out PR's and a website that says one thing and then mgt. does something else is just wrong - and the stock price shows how the market views these choices...
