Replies to post #16254 on Hemi Energy Group Inc. (fka HMGP)

[xtrapink]

zguy--your point is well taken. I believe that these the owner of these particular shares requested that they become free trading a LONG time ago (or they were originally issued as free trading--something that KAA really does not do anymore). The timing of the sales, I believe is coincidental...simply a need to liquidate this large number of free trading shares at this time. I'm thinking that the client asked a MM to sell his shares in the course of trading and that he would accept x% discount from 1)the high or 2) the avg price (most likely the average price). Depending on the percentage, and the price spread for the day, the price he would receive could be in the trading range, or below the trading range (never above it)--in fact, never above the average of the day's trading range. I believe that is what we have seen so far, though I am not postive, as I didn't check every day.


I'm sure that more than a few people, like yourself, who have been with Hemi for a long time can think of some shares that were exchanged for services early on. It's all speculation beyond that though...
xtrapink

[lowman]

Something else that no one seems to consider:

Even if those were restricted shares that are now free trading, why would the seller sell so many at a discount? Generally, only institutional shares sell discounted, which I don't believe Hemi ever issued any in that direction, which is yet another reason why Keith would not know where they're coming from.

Since Keith also has no need to do a 504 offering, we can eliminate that possibility, as well. Hell, HMGP has a CD at the bank, if I'm correct, equal to the cost of the recently (last winter) purchased pulling rig.

So, using processes of elimination, we come to one conclusion: the newest/latest form of MM trickery. JMVHO