The Hunt for the Next 10 Bagger

[blackjack111]

HPGS High Plains Gas Inc share price dropped to 0.039 yesterday in heavy trading of over 4 million shares changing hands. The stock is now moving into oversold territory and should make an upward trend very soon. There is speculation that the recent pps drop is due to the company's acquired $750k which was announced and is needed for capital to facilitate larger contracts. The Note bears interest at the rate of 6% beginning 180 days after closing, which is payable in cash or shares of common stock at the option of the Company. The Note is due in 18 months, can be repaid by the Company at any time with a 125% redemption premium, and is convertible into common stock only after 180 days at a fixed price of $.05 per share. The Note is secured by a discrete list of assets of the Company and Miller Fabrication LLC, its wholly-owned subsidiary. This may account for the delay in the earnings release. It appears that the company is doing it's homework and moving in the right direction with services contracts being awarded and the Millers Fabrication hiring of numerous field staff to facilitate the increased work load. Institutional investors are watching HPGS very closely as the stock did go to a high of $1.48 last year.