Since I no longer have a viable position my final thoughts for the current Hemi sandbox.
IMO it all comes back to how KAA has and is handling the communication flow to the shareholders of Hemi.I now step back,looking at Hemi in more objective manner. Red does have a way of resembling pain, but it also can clear out the cob-webs of denial and quickly brings to the table the reality of a current situation.
So I ask myself, what does Hemi currently offer an investor who does NOT have a current Hemi position?
And the sadly, the reality of this answer is.................... Nothing that can be assessed.
All the current information available about Hemi is outdated. The current structure of Hemi, operations, management and day to day business has been ripped apart offering no financial clue or insight on the financial health of Hemi.........
Production??? Does this even exist as an objective of Hemi?
What ever information is available has been delivered by third party sources and this too paints a poor picture as it relates directly to Hemi's current state. Do a search on licenses/charters and what does one find, not current or poor standing
So I ask the question why doesn't KAA provide some form of communication so at a minimum a sense of stability can be offered.
Do I endorse the opinion that many take against Hemi..........No. Hemi was a business, a start up O&G trying to successfully develop a plan.
But given the lack of communication for over a year by KAA, perhaps what opinion does provide is an additional reason as to why some one would not open a Hemi position at this time. Throwing money onto an unknown is one thing, but throw money where it is also under question is another
I know what Hemi once was and what Hemi/KAA portrayed to offer; I've met and discuss with KAA and I've tour the operations of the Hemi SEK past time.
But now I would not re-open a new position in Hemi based on the current course that KAA has taken Hemi.
Sorry folks but Hemi appears to currently be a one person operation IMO struggling to re-make a name for itself. Almost reminds me of attending a foreclosure sale with a block of assets on the table.
Perhaps I'm wrong, but I've paid threw the nose to present a current view. The track record since 2009 so far indicates that this is the new strategy that Hemi has taken, far from what Hemi conveyed back in 2007-2008.
Kels