Replies to post #24851 on Hemi Energy Group Inc. (fka HMGP)

[lowman]

Most viable questions, opp.

In order:

1). Some shareholders keep shooting themselves in the foot, and what misses their own feet, hits everyone elses, causing a 'discontent' that is reverberated into a downtrend much more than needs be. This, combined with a possible MM (or other entity) desire for cheap shares, and there you have it.

2). Share structure is just fine, with the CEO and CTO owning themselves, approx. 20M shares of an approx. 60M o/s.

3). Virtually no PR 'machine'...and none needed. No 'pump and dumps' expected in the future, either.

4). General malaise is a good and appropo term. Hemi is not alone in this baffling, undervalued environment.

5). Acreage portfolio is extremely attractive, with producing fields, specifically picked by a 4th gneration oilpatch CEO who has an overwhelming library of geo-records and maps.

6). Balance sheet is and will remain debt-free. CEO simply does not like operating with debt.

7). Correction; waiting to be RE-discovered.

(no flames necessary)

[gtv]

I'll answer your question why Hemi is at 10 cents or so per share.

First of all, it's a pink sheet.

2nd, we all know they have oil, but the problem is that investors don't know exactly how much. In the ground or coming out of the ground monthly.

The unknowns associated with these two reasons keep the price down.

A/S shares are 100 million with about 60-70 in the O/S and only about 20 million in the float. PRs haven't had the production info or at least how much oil info that investors have been looking for. General malaise in the penny oil market could be. Lack of details on just how good the leases are, yes. Balance sheet is decent but it's a pink so all the details aren't there. Undervalued gem? That's what the silent majority on this board believes.

The company just needs to get all the flooded water out of the wells (in progress) and get those choice leases they have their eyes on and then let us know how much oil in and out of the ground and things should pick up.