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magicatlast

10/19/07 4:32 PM

#21891 RE: magicatlast #21888

From the 9-27-07 PR:

"Hemi President and CEO Keith A. Anderson stated, “Our Market cap is substantially undervalued, an artificially low market cap based on what the Oil and Gas Industry book value would value Hemi Assets, We are aware that some shareholders have issues and are concerned by after-hours stock trading. We would like to reassure the stockholders that Hemi management has no knowledge nor involvement in the after-hours trading that appears to be discounted stock prices to brokers. Management has used shares in 2007, most of them being restricted shares, to acquire assets for the benefit of Hemi, its shareholders and management compensation and services.”

Magic