PRO TRADERS FORUM. HPGS:
http://investorshub.advfn.com/boards/board.aspx?board_id=18631
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68619918
News Friday,
announced Mark Hettinger and Joe Hettinger, both of whom are company founders and directors, have converted debt owed to them by High Plains Gas, Inc. into shares of common stock. The transactions are expected to save the company approximately $500,000 per year in interest payments and reduce its outstanding debt by nearly $6 million.
Brandon Hargett, CEO of High Plains Gas, commented, "As CEO, I understand what great sacrifices the Hettingers have made in bringing our company from a 92-well methane producer to a public entity with over 1,600 wells and a sizeable and rapidly growing construction subsidiary. Their continued commitment to seeing this company succeed, grow, and prosper is demonstrated by this conversion. It is a pleasure to work with a Board of Directors that demonstrates this level of belief in what we are building."
HPGS has had an excellent run from .07 to .084 HOD on Thursday closing at .08
The A/D went from a positive 1.48mil Thurs. too a positive 2.05mil close of business on Friday.
This looks too be a really good company in the progress of rebuilding.
http://www.thestreet.com/_yahoo/story/11297126/1/insiders-trading-gnc-cse-hpgs-vprt.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Also on top of latest news they have plenty of cash: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8112954
Current Assets:
Cash and cash equivalents
June 30th 2011 =$1,264,605
Dec 31 2010 = $208,823
As stated above they have CASH, and it's not from dilution, but..... :/
Given the 1st news of two founders converting " converted debt owed to them by High Plains Gas, Inc. into shares of common stock. The transactions are expected to save the company approximately $500,000 per year in interest payments and reduce its outstanding debt by nearly $6 million."
Question is, will they be selling their now common stock on the open market?
Up until Friday I was all over this with a strong possible LTP, Long Term Play.
My thoughts are these... given the REALLY GOODS NEWS sets before Friday too include the latest 10Q.
If the price stays above .075 and moves above .08, and the A/D does not drop below the 1 million mark, it's a strong possibility the founders may sell their stock slowly and quietly into the day of news, high volume and not effect current price.
It's up to each of you too determine during trading hours what part or all of the last paragraph you wish too follow.
As founders they would be stupid too go all this way and then dump into the open market.
If management balances everything out correctly including founders the 52wk LOW of
0349 and even .075 this week should not pop up again. Remember the 52wk high of $1.48 whether it was perceived in what investors called future-value or whatever was accomplished.
Personally for me if it doesn't dip below .072 I'd rather HOLD and see what happens and break even then too get out too early.
HPGS http://www.otcmarkets.com/stock/HPGS/financials
You don't find plays like this too often [at this price range], with this much forward-looking potential! http://www.otcmarkets.com/stock/HPGS/financials
http://finance.yahoo.com/q?s=hpgs&ql=1
sc
http://investorshub.advfn.com/boards/board.aspx?board_id=18631
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68619918
News Friday,
announced Mark Hettinger and Joe Hettinger, both of whom are company founders and directors, have converted debt owed to them by High Plains Gas, Inc. into shares of common stock. The transactions are expected to save the company approximately $500,000 per year in interest payments and reduce its outstanding debt by nearly $6 million.
Brandon Hargett, CEO of High Plains Gas, commented, "As CEO, I understand what great sacrifices the Hettingers have made in bringing our company from a 92-well methane producer to a public entity with over 1,600 wells and a sizeable and rapidly growing construction subsidiary. Their continued commitment to seeing this company succeed, grow, and prosper is demonstrated by this conversion. It is a pleasure to work with a Board of Directors that demonstrates this level of belief in what we are building."
HPGS has had an excellent run from .07 to .084 HOD on Thursday closing at .08
The A/D went from a positive 1.48mil Thurs. too a positive 2.05mil close of business on Friday.
This looks too be a really good company in the progress of rebuilding.
http://www.thestreet.com/_yahoo/story/11297126/1/insiders-trading-gnc-cse-hpgs-vprt.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Also on top of latest news they have plenty of cash: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8112954
Current Assets:
Cash and cash equivalents
June 30th 2011 =$1,264,605
Dec 31 2010 = $208,823
As stated above they have CASH, and it's not from dilution, but..... :/
Given the 1st news of two founders converting " converted debt owed to them by High Plains Gas, Inc. into shares of common stock. The transactions are expected to save the company approximately $500,000 per year in interest payments and reduce its outstanding debt by nearly $6 million."
Question is, will they be selling their now common stock on the open market?
Up until Friday I was all over this with a strong possible LTP, Long Term Play.
My thoughts are these... given the REALLY GOODS NEWS sets before Friday too include the latest 10Q.
If the price stays above .075 and moves above .08, and the A/D does not drop below the 1 million mark, it's a strong possibility the founders may sell their stock slowly and quietly into the day of news, high volume and not effect current price.
It's up to each of you too determine during trading hours what part or all of the last paragraph you wish too follow.
As founders they would be stupid too go all this way and then dump into the open market.
If management balances everything out correctly including founders the 52wk LOW of
0349 and even .075 this week should not pop up again. Remember the 52wk high of $1.48 whether it was perceived in what investors called future-value or whatever was accomplished.
Personally for me if it doesn't dip below .072 I'd rather HOLD and see what happens and break even then too get out too early.
HPGS http://www.otcmarkets.com/stock/HPGS/financials
You don't find plays like this too often [at this price range], with this much forward-looking potential! http://www.otcmarkets.com/stock/HPGS/financials
http://finance.yahoo.com/q?s=hpgs&ql=1
sc
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