Replies to post #7126 on High Plains Gas, Inc.(fka HPGS)

[moneym8ker]

Lots of upside here...

There's plenty of risk too:

1.) the company will have to wait until July before learning if a judge will allow the BK of a separate company and the selling of its assets to HPGS/CHAMA.
If the BK sale goes through it'll substantially change the financials of HPGS in terms if assets and revenue outlook.

2.) HPGS is attempting to regain FINRA/SEC compliance by filing their 2012 10Q and I expect they'll file their 2013 10Q soon.

3.) we know the company merged with CHAMA last year. They've completed all but one term of the merger agreement: 1:1000 reverse split. Currently they cannot perform the R/S because they're not in compliance with FINRA/SEC.

4.) The new management sucks at informing shareholders of anything. The website for the company has a "contact us" tab but they never respond to email inquiries.

5.) there's been virtually no volume on the stock...so whatever you buy, you may not be able to sell but if there's any news there has historically been volume to sell into.