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zguy

01/01/09 8:06 PM

#42990 RE: Manti #42988

Yes, we have been down this road. I'll talk about it again though.

You say... "I firmly believe they are issuing more shares and using a third party to raise the funds, thus they technically can say that hemi management knows nothing of it, whereas in reality they know darn good and well where the shares are coming from."

That is simply not true. I put it in bold for you in the previous reply but you must have missed it. The statement of "Hemi management has no knowledge nor involvement in the after-hours trading" is very clear. In order to do what you are claiming, they would have to have knowledge of this underhanded tactic. If only they mentioned "no involvement" then I may agree with you that, being weaselly, a third party could be doing this for them even though they aren't "technically" involved. The additional statement of NO KNOWLEDGE, however, makes your belief incorrect. No knowledge is no knowledge... can't have somebody selling shares for you and you not know about it. LOL!

You then say... "How else would the os continue to rise if hemi management weren't issuing them for sale? We've been down this road before."

Sigh. Yes, we've been over this. Of course Hemi has given out shares over the last two years. Nobody has ever said they haven't. The o/s has risen due to issuance of shares to local KS companies for services related to running the business, local farm land owners for leasing rights, and items such as that. This is entirely different than Hemi issuing shares directly to brokerages and market makers to be sold directly into the market. Hemi has not issued shares to be sold directly into the market. Issuing shares directly into the market for the raising of funds is what you have said in the past is the cause of the after hour prints. Hemi has not done this (and PR'd they haven't done this). Issuing shares to farmers, land owners, service people, etc. both restricted and unrestricted is done by issuing 144 stock certs for restricted shares and regular ole certs just like the ones many of us got from our brokerages. When these certs can be traded (either immediately for regular certs or after the time restriction for 144 certs) they are then turned in to be put into an electronic account and are traded exactly like you or I trade shares in our electronic accounts. There is no difference... this is just the way it works. In order to have these strange afterhours at odd prices being done by the company, some deal directly with a MM or brokerage would need to be made by the company itself... these deals are not made by farmers and well drillers in KS.

And a third point. Everyone knows where you stand and your belief that the company is doing this and issuing shares directly into the market and your explanation of some shorting deal. That would mean then that they (the company) are the ones with shares at the ask and then when the shares are bought at the ask the covering is done later by the company giving the actual shares to the mm/brokerage. This is your opinion but, then, how does one explain an afterhours print volume that far far exceeds (by more than several hundred percent) the volume at the ask and must therefore be a volume attributed to trades at the bid. Your theory falls apart here and the company's PR'd opinion is more likely.





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bikerider99

01/01/09 8:55 PM

#42993 RE: Manti #42988

my thoughts exactly. it is either accredited investors they sell the stock to (REG D???) or they use stock to pay for acquisitions/expenses, that later on gets sold by the third party who received it. so technically speaking, yes, they don't sell stock on the open market and subsequently they have no knowledge of the a/h trades. one way or the other they use a dilutive approach, as revealed by the share count (the one presented on this board).
the same approach has been used when it comes to share value, they've mentioned many times how undervalued the stock is, however never mentioned anything about what the fair valuation should be?
i believe the prs they've put out in regards to the share count and/or share value have been very well worded to sound good but also protect them, as opposed to some of the other prs which sound like they've been put together by a 4th grader.