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Big Mur

09/26/08 1:17 AM

#39967 RE: USC Cowboy #39965

If Hemi were out to "buy back", they could have done that back in 2006 the last time the stock was at .025, and before all the hordes subsequently came in to buy the stock, unprovoked by the company to do so.

Hemi could have bought it all then when there wasn't nearly as much to buy back, and simply prevented all those shares from being sold in the first place. They could have just avoided ever going public in the first place. They haven't been trading all that long relatively speaking.

The company, throughout all of that never recommended to anyone to buy their stock. They never said "We're it! We're the company that you want to own a piece of! Come and get it!"
What you're proposing would be like selling something on Ebay, and being the winning bidder on your own item. Why even offer it if you're only going to buy it back shortly thereafter?

So this "plan" you speak of... this conspiracy to set up a buy-back of shares is supposed to make more sense if we take into account what has occured in the meantime? The many shareholders that followed other shareholders into this stock, and the shareholders who during that time made huge profits, buying fancy cars, etc.? Yes, that's right, there was a time when many people made large profits on HMGP not all that long ago. How does that enhance the plan that you're describing?

What I'm really not sure about, however, is if this plan requires more, or less than the one glass of wine before it begins to make any sense at all.

A buyback is something that technically could go on... but it doesn't make any logical sense and there currently isn't any motive to do so that holds any water.




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duelittle2

09/26/08 7:36 AM

#39972 RE: USC Cowboy #39965

Bright side...Hold and Buy along with them as the pps falls!

Dark side...ride a failure into the dirt blinded by false hope!

Which will it be???



Either way..Nice post!

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mike08201

09/27/08 10:13 AM

#40005 RE: USC Cowboy #39965

Ahhhh how wise you are!

I was just thinking that the other day, what a play it would be to print shares at the higher prices, then when the SP drops, the announce a share buyback program, and repurchase them back at a lower SP, keeping the difference in their pocket.

Brilliant move!

So if that scenario is true, then it puts additional pressure on we stockholders to recognize the pattern, and ride the cyclical up and down wave!

Unfortunately, for me, I'm in this play at .048, so I'm stuck waiting for the crest of the wave just to get even.

I still believe it's a viable company from what I've seen and heard on this board. <Sigh> Just going to take me awhile to get whole again.

I, for one, will not be averaging down until I see a sustained crest upward.