News Focus
News Focus
icon url

onco

09/24/08 1:54 PM

#39892 RE: USC Cowboy #39891

great idea
icon url

Big Mur

09/24/08 2:14 PM

#39893 RE: USC Cowboy #39891

Easy to sit back and spout off things that a CEO can do to cause disruption for naked short sellers, and to try and tell Keith what you think he should be doing...

How do you propose all these activities are to be funded? Do you think Hemi can just up and do these things for free? Do you know of some organization of lawyers who are experts in business law who would be willing to perform their services for free that Hemi can utilize?

Sure, there's a plethora of things that any company can do that could potentially cause NSS to have to be covered, and probably even cause a squeeze on the SP...

But all these "helpful suggestions" that get posted here consistantly lack two things: How it's expected to get funded, especially in light of how so many are already whining about the use of shares as it is. And secondly, these helpful suggestions never take into consideration that not only will these things cost money, but from the company's standpoint, there is no return on it.

The point has been made on the board recently,(and conveniently ignored by some who keep saying the same things over and over and over) that while Hemi has repeatedly stated they have the revenue to pay the bills and remain debt-free, they've never made the claim (yet) that they've got their coffers full. This is why the interest in whether or not an insurance settlement might be coming through at some point. This is why the interest in selling off some assets like the ND leases. (the deal that was PR'd was not completed as it was supposed to be, but that doesn't mean it's dead, and it also doesn't by any means indicate that Hemi doesn't have other deals/alternatives in the works) This is why there's so much interest in getting the large natural gas reserves to market....
All of these things would help give Hemi the lattitude for more expansion, and perhaps enough money in the coffers where they won't be putting the company's finances at risk by spending some money on some of these activities to shake out the NSS.
As it is, if Hemi were to spend the money today just to keep shareholders from having to wait any longer and quiet them, and then next week a torrential rainstorm in Kansas causes another catastrophic flood... there would be Hemi with their cash drained and little money for operations, and having paid for something that is not going to bring any money or profits back to them.

IMO, that would just be very poor business.

Make all the "helpful" suggestions you want... I'll be glad to keep pointing out the reality.


icon url

REAZO

09/24/08 2:55 PM

#39902 RE: USC Cowboy #39891

USC Cowboy - Great ideas. I am truly not knowledgeable enough to know what course of action would have the greatest impact on the pps, or which requires the least amount of work for a small company like Hemi. Maybe others can weigh in....

I too, will ultimately hold management accountable for the share price of their company. But look, they've identified that manipulation was occuring, investigated and (likely) found the source. That's a pretty damn good start, no? Now, they MUST follow through and fix it. Yes, I like everyone on the board, will hold Keith and his team responsible. My opinion is that they are making progress. Never as fast as we'd like, of course, but it's reasonable given the fact they have to also run a company.

Accountability will follow once we see how this ultimately plays out. In my mind, they are doing something about it. I don't know what, and given some of the circumstances outlined in 'that' email, it may not be appropriate for the details of any plan to be public knowledge.