Replies to post #43124 on Hemi Energy Group Inc. (fka HMGP)

[magnola]

Correct me if I'm wrong - and I'm sure someone will - but it was my impression that the insurance settlement has not been finalized yet. Perhaps when it is, and a concrete number is in play on that amount, you should revisit that suggestion.

But I have also been given to understand by some posts that one of the issues that is keeping the Collins from being viable is a pipeline, along with generally depressed prices for ng.

Perhaps setting some aside to use for infrastructure that would ensure availability to market at the time when ng goes back up would be an astute move, as well.

[REAZO]

When I spoke to him about it, my impression was that there would potentially be better ways to spend the money to grow the company. Also, the settlement appeared to be up in the air with the insurance company still out on whether or not all claims were covered. It would be nice to have that money, since at this point it would be free and clear.

A stock buy back would definately be an option in my book, and may indeed be considered by management. I'm just not sure what other "options" they may be considering, if indeed they get the extra money.