Posted by: Sputnik Date: Friday, August 14, 2009 10:47:40 AM
In reply to: kelseyf who wrote msg# 47550 Post # of 47554

kels, I have absolutely no repect for you and will not participate in your little Hemi misinformation game You are the lead in bringing KAA's message to this board. Most of what you bring back has been proven to be bunk. This post won't last long here so it will be posted on other iHub boards where it won't be TOS'd. Here is a prime example of your shameless participation in KAA's game!

Posted by: kelseyf Date: Sunday, January 25, 2009 2:02:44 PM
In reply to: Sputnik who wrote msg# 44025 Post # of 47553

Nope, IMO he will not be shocked. :O)

But then again you are the one that is so sure that this definitive report will state it all on Hemi Energy.

But my real question to you regarding this Hemi definitive report time table is how much longer after the holidays must one wait?

I mean since the Holidays, I have traveled over 3000 miles to obtain my DD on Hemi Energy as another ongoing proactive opportunity to meet with Hemi Managment and again tour the Hemi operation that is very relative to my reason for being a Hemi shareholder......and as a large shareholder at that.

And in the 5 hours that I was able to meet with Keith this past Friday, I was able to confirm all the existing 2008 PR information that is out there on Hemi, sit down in KAA's office and have a very candid and well inform discussion covering these topics and the upcoming SEK horizontal drilling project, take a walk in the area to see first hand one of these NY Stock Exchange O&G companies that Hemi has a passive revenue generating agreements with, sit down and have a meal at a local Stockyard establishment with KAA and walk away with a wealth of very good DD that satisfies my current position in Hemi as a shareholder.

IMO it does not get much better than that from the perspective as a Hemi shareholder.

Yet you keep harping and announcing about this Hemi definitive report that you are going to present providing specific information by confidential sources about Hemi???.

I mean lets cut to the chase and be done with it, as it is ~ 1 month after the Holidays and Houston is only a 4-5 hr drive to DFW, and I know this for a fact because I have driven this route a number of times most recently as last Tuesday.

I'm ready when you are!!

Kels

That post could probably be used as a template for Hemi Energy.

We are expected to buy the BS on the HMGP board, and if we don't we get attacked, deleted, or banned. This has happened many times to those who chose to be more prudent with respect to HMGP.

I believe admin is now doing a better job of trying to keep the Hemi board within the TOU, but some have been allowed to violate the TOU for so long that they don't think they have to live by the same rules that the rest of us do.

Newbies...don't ever let an anonymous bully on a pink sheet board push you around! You have the right to your opinion as long as you stay on topic.

Posted by: Phil(Hot Rod Chevy) Date: Monday, July 13, 2009 7:13:22 PM
In reply to: BullNBear52 who wrote msg# 10718 Post # of 10750

I have to laugh my ass off when people post that that they have done DD on a non reporting pinkie.

I guess they think if they call and talk to the company officers, read the company website, and read all of the PRs they have performed comprehensive DD.

Nothing could be further from the truth.

All they have done is absorb a bunch of company generated BS.

I found out a person I know on here had $16K gambled on GLCC. I told her to get out while she could. At that point she could have gotten out with a minor loss.

She told me she had done her DD and was comfortable.

Her GLCC stock is now worth $150.

I tried to help her, but she wouldn't listen.

So who's fault is it that she lost her money?

Someone that convinced her to buy the garbage, or her's?

Phil

In the first place, the market doesn't care where your secret-code chat site for a failed pinky is.

And I will encourage Sputniks' definitive report to appear, AFTER the HMGP CEO puts his cards back on the table. But it looks like he is playing a losing hand, so he will not show it!

It is what it is.......... and those our as in your now famous word the "DEFINITIVE" PM terms.

Take or leave it, no skin off my back.

Other wise you and your tag team partner (PP) efforts can just keep pumping out the chit without once shred of validation to support any of your tag teaming claim as it relates directly to and from HMGP.

Blue Moon Cafe........now that was a good one, at least by name recognition your getting closer but it ain't the "The Yard" and it ain't the Hemi Moon.

Kels

old kels the "no go, no show" pumper clown. Talk about hiding behind mama's apron strings, you and your band of pansies have all run and hidden. Why? Because you don't like to hear the truth.

Yes Sputnik you never were able to fight your own battles, always need the curtain to stand behind.

Kels

Another very intelligent reply, come PP lets keep this between you and I.........if you have the gut's you'll open the PM avenue.

Kels

kels why hide behind PMs. Take it to the Parking Lot and show some substance for a change (back bone). Duke it out in public!

I heard someone actually read one of your pumper-posts on HMGP the other day. They must have had a couple hours to burn. ;)

WOW...I guess I under estimated you kels.

I hope your boss has given you at least 10 million shares of Hemi so you can break even. ;)


Here's your sign!

Yes another very astute remark PP

Hey you want to have a straight up front and center fine but do me and the IHUB board a favor, take it too a two street thru IHUB PM.......no hiding behind the ignores or the smoke screens of statements filled with only generalities.

Or if you can really do some digging, we can try a discussion on the Hemi Moon...........LOL.

Any more good morning opens after least nights wonderful PM rebuttal's PP?

Kels

Reminds me of the chicken-chit way you use to moderate kels.

Violate the TOU by attacking someone and then deleting anything you could get away with when they responded. You and Big Mur were famous for that tactic.

How does it feel you hyp!

Maybe you could run to your pinky CEO boss for comfort. LMAO


P.S. Your just angry cause everybody else is smarter than you. ;)

iHUB must have put out a new rule that says pointy headed people like you can't be mod anymore.

Lets see....... a fool, must be one that PM's such childless remarks to another IHUB member, not allowing any PM return and then presents themselves as a proficient source of savior to those involved by so easily claiming that they are involved in a scam?

Talk about scams.....if you really were up and front you'd take this to PM and let's you and I air it out in a PM format.

But no you take the cowards out, air it out in public and take the cheap jabs thru PM.......what a way to to state a case that you claim to be worthy of "Stop the Pink Sheet Scam"

Yes PP you can put many colors of lipstick on a pig.....think about that comment for a moment before you state:

Puppy dog......another one word wonder from this proficient source......Sorry PP but the only bone that you ever have thrown regarding Hemi is a bone that describes how easily a stock that does not go your way seriously throws a major disruption that immediate has you cry out "Scam" at any and all expense

Aren't you tired of making a fool of yourself for all to see.

If Hemi is the real deal then why not just go fishing and wait for your Hemi ship to come in rather than defending a stock on a message board.

Let's see now, Hemi closed at .0036 and all the way down you and Big Mur kept telling people not to blink and that these prices won't last for long.

ROTF...you were right about the prices not lasting very long nor has most of the money from the people that you and KAA misled.

I notice your still following me around like a little puppy dog. Maybe someday I'll throw you a bone and give you a good stock pick.

Yup you have that right.......games and you are the leader since.......Hemi is playing one big game...setting all of us gullible investors up for the real fall......get a life and then come back with some substance.

Speaking of flat out and fishing you finally hit on a point. Offshore fishing requires a clear understanding of the utilization of flatlines......This allows for the bait and switch to be used to bring home the big one.

So my question, since you bring this up directed at Hemi on this board; why don't you bring in the "bait and switch" comparison into your personal vendetta against Hemi?

It really is sad just how bad the game gets with pinkies like Hemi.

kels just flat out doesn't get it. He challenges critics like he would never dream of doing to the CEO of Hemi.

I think they must be fishing buddies, all of them.

Stock promoters!!

Let’s take a closer look at the promotion business. The truth is, stock promoters are a “necessary evil.” Small, micro, and especially emerging companies with real products or new ideas need help to survive until they become profitable enough to stand on their own. Stock Promoters provide such companies the assistance they need without depleting their financial resources. Usually, promoters arrange to be paid in stock, directly or indirectly, by the companies they promote. Because cash is what an infant company needs most, this arrangement allows them to save money on what would be an expansive marketing campaign aimed at the investing public. Indeed, the reason a company goes public in the first place is to raise working capital.

The promoter, using all avenues available to him, makes it his job to tell the company’s story; the product, the history, the idea, the plan, the people, and the potential to as many people possible to reach. And of course, of the millions of ears they connect with, a percentage of those will become interested enough to learn more, or run right out and buy a shares in the client company. As the promoter does his job, and investors become interested, the company’s stock sees a natural rise in volume, and quite possibly price The company can use this opportunity to liquidate some stock, raise some cash, and broaden it’s shareholder base at the same time. Speaking simply, that’s the whole idea!

And because of the arrangement, it would seem that all parties involved have a vested interest in making the deal work properly. The promoter, who was paid in stock is happy to see it become a more valued currency, the company increases its financial resources, and investors are now in on the ground floor of a new company, with hope that the product or service is successfull. So what’s the problem? Why are promoters a “necessary evil”, and not viewed as legitimately as the big banks?

Back in 1995, there were 3 “Real” Stock Promoters. Three different companies with three different marketing ideas and three different campaigns. Not only were they very selective about whom they would accept as clients, but they made sure companies got their money’s worth, and kept the investors informed of all company activities. Today, however, there are thousands of Stock Promoters who are anything but selective about the companies they represent. These stock Promoters accept any amount of money or stock as payment, because their main interest is not to help the company, but rather to turn that stock into cash as quickly as possible and move on. On top of that, there are even more companies interested in selling their stock for cash, for selfish reasons rather than for capital growth.

Here is an interesting website!

www.oilandgasfraud.com

Somewhat OT--

New Stock Market Terms:




CEO – Chief Embezzlement Officer


CFO - Corporate Fraud Officer


BULL MARKET – A random market movement causing an investor to mistake himself for a financial genius




BEAR MARKET – a 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex.


VALUE INVESTING – The art of buying low and selling lower.


P/E RATIO – The percentage of investors wetting their pants as the market keeps crashing.


BROKER – What my financial planner has made me.


STANDARD & POOR – Your life in a nutshell.


STOCK ANALYST (Annalist) – Idiot who just downgraded your stock.


STOCK SPLIT – When your ex-wife and her lawyer split your assets equally between themselves.


MARKET CORRECTION – The day after you buy stocks.


CASH FLOW – The movement your money makes as it disappears down the toilet.


YAHOO – What you yell after selling it to some poor sucker for $240 per share.


WINDOWS – What you jump out of when you're the sucker who bought Yahoo at $240 per share.


INSTITUTIONAL INVESTOR – Past year investor who's now locked up in a nuthouse.



PROFIT – an archaic word no longer in use.

Well, here is an interesting website! These comments are to illuminate bad actions that penny companies make! Most interesting is the comment on a Gagged TA!

www.thethirddimension.net/stocks/badcompanyactions.html

What is a 'Reverse Split'?
-A 'Reverse Split' (or R/S, RS) is a method by which a company reduces the number of shares on the market and increases the stock price proportionally. Reverse splits are done at a specific ratio: ie - 10 for 1, or 10:1. This ratio would mean that if a shareholder held 1000 shares at 1 cent, after the reverse split the shareholder would be left with 100 shares at 10 cents each. The value of the position does not change from the reverse split... at least not directly from it.

Companies usually do a reverse split to increase the price of the stock to more attractive levels, or to remain at a minimum price for a particular exchange. While not necessarily a bad thing, a R/S is a popular method that bad penny stock companies use to continue raising capital through dilution. 'Dilution', if done enough, will eventually leave a stock virtually worthless. The price may go as low as .0001 dollars, the minimum that stocks are tradable by common investors. At this point the company can no longer effectively raise capital by selling more shares.

By performing an R/S, the number of shares on the market decrease, and the price increases back to a "dilutable" level. The dilution starts again, and the cycle can continue over and over. Because of this, a black cloud is associated with the R/S. They normally result in a large selloff by remaining shareholders, causing the price to plummet, and the shareholder value to follow suit.

A reverse split is very rarely an opportunity for a safe investment, and certainly not a wise choice for a beginner in penny stocks. To protect yourself from purchasing the stock of a company with a history of abusive reverse splits, check out this iHub board and scan through the list.

Reverse Split Repeat Offenders Listing

What is a 'Dividend'?

-A 'Dividend' (divi, divy) is a form of compensation a shareholder is given for holding a stock. They can be given as cash or stock and are normally paid for by company earnings. Typically, stable companies that are beyond the growth phase issue dividends to give shareholders a reason to retain an otherwise unprofitable stock.

With penny stocks, dividends are often given in the form of extra shares. Each shareholder receives a number of shares determined by a percentage of their current share count. For example, with at 20% dividend, a shareholder with 1000 shares would be given 200 shares. While this seems like an incentive to hold the stock, it often comes back to bite the holders. With these "free" shares coming into investor's hands, some, if not many of them will be sold at market prices to "cash them in". With this reputation, dividends and their announcements can often lead to a selloff. With penny stocks, a stock based dividend is essentially a form of dilution that is used to entice shareholders to buy, or continue holding the stock.

Advanced: Some penny stock investors, however, believe dividends can serve another function. If the stock has a large short, or 'naked short' position, it is often rumored that issuing a dividend can force the shorts to cover their 'short sale'. The resulting buying can then create a rapidly rising stock price AKA a 'Short Squeeze'. While this may very well be true, the question that needs to be answered is whether or not a short position even exists. Traders are often seen on message boards screaming "Short, Short, burn the Shorts!" - While the company plays along with them by declaring a dividend, a 'NOBO list' (see below), or filing for a new symbol. The hype of the possible short squeeze creates rapid buying itself, possibly resulting in a run. If the short actually exists, one can see some of the fastest percent increases in share price, and very high volume. If there is no short, it will normally result in a quick pop followed by an even faster drop as the "orchestrators" and pumpers sell out. These situations may be profitable for seasoned penny stock traders, but they are not recommended for beginners.

Read More about Naked Shorting Here

What is a '504'?

-A '504' refers to rule 504 of Regulation D. Regulation D is an SEC regulation which provides exemptions for companies to sell securities without having to register them with the SEC. Rule 504, specifically entitles a company to sell up to $1,000,000 worth of shares within a 12 month period of time, without having to register said shares. Essentially, rule 504 is a method for a company to quickly raise money through selling shares. While it is not considered the worst form of dilution, such as toxic convertible debentures, it is still dilution in the end.

Normally the shares sold must be 'restricted', meaning that they cannot be sold for a period of time (usually a year). This prevents immediate dilution, but the company must perform at some point, if the 504 shares are going to be held longer by the original purchasers, or absorbed by new buyers on the open market. In some cases, the shares may not be restricted. Click the link below for a more technical explanation, and circumstances in which 504 shares can be sold as non-restricted.

Regulation D and Rule 504

What is a "Gagged" Transfer Agent?

-A 'Transfer Agent' is a company's means of managing shareholder records, issuing and canceling stock certificates, and processing investor mailings. Some companies can act as their own transfer agent, but most often, especially with penny stocks, the job is outsourced to companies specializing in the business. Transfer agents are normally the most accurate, and often the only way of finding the current O/S, A/S, and float for a penny stock. Some will require a fax with shareholder details to retrieve the information, others simply a phone call or email. This type of transparency is desirable among investors.

A "Gagged" transfer agent is one which has been instructed by the company they are working for to not release information, such as the share structure. This is NOT a good situation. There is no legitimate reason for a company to gag their TA. It is almost always done to hide dilution. Without knowing the current number of outstanding shares, an investor has no idea if shares are being sold by the company. Concurrently, without knowing the number of authorized shares, the number of shares that can possibly be sold is not known either. Companies that practice this scam will often issue press releases, or other investor communication containing excuses for having the TA gagged. Unknowing investors will buy these up, and continue holding shares, or even buying more. We absolutely do not recommend touching a stock with a gagged TA, unless you are experienced with penny stocks, and it is purely a short term momentum play.

What's Next?

I agree and concur with your position. It is about the truth.

I'm not sure how he feels exactly. I know that when I originally got into hmgp, zguy was one of my favorite posters, and for that matter, he still is, other than I think he's addicted to the koolaid. He was one of the few who was seriously looking at the t trades objectively, but the way I see it, he lost his objectivity when he chose to believe the hemi pr's about those trades and the cash flow positive statements.

When the truth finally comes out about hemi, it will be a major event for all of us. Some will gloat and rub it in when they're right, others will be totally dejected if they're wrong, and others will just take it in stride and move on. If I end up being right, I have no intention of rubbing it in... there will be plenty of pain without that. If I'm wrong, and others try to rub it in, I can take it. For me, truth trumps all.

I will call it as I see it. Well, I think your fan club is upset at being scorned on the Hemi board!

You'd better not hold back. Call it like you see it. It looks like I have a fan club developing...

I won't hold back. Take that to the bank.

Don't check it out too much as you might fall off your chair! LOL You were shocked and "surprised" by the amount of o/s increase in Hemi's shares over a long period... wait until you see the dilution rate of ASFX since you were so shocked by the ~30mil increase of Hemi. WOWZA!!!

Don't forget to compare it to your bud's post #13 here.

Three: You'll find this to be quite interesting. Was "open" for a while then intentionally gagged. Most pinks just don't have this available from the get go but to take the steps to do it then to undo it and go back to a gagged TA you should find very interesting!

Eight: Look at that.

And then one I think you posted about... "promises of uplisting" is supposed to be one of your stated red flags I believe. Not saying it is but will find it interesting what you think about it.

There is more but gotta let you do a little research!

No double standard now! LOL But I recommend, for your own health, that you don't dig too deep because if you were "shocked" by what you found with HMGP, not sure your heart can handle this one.

This is the best summary that I've seen:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34864318

the thermometer is manufactured in Italy.

Where are most of the ASFX products manufactured? The thermometer must be manufactured in Germany, but what about the others?

Thanks for your contribution. I will read your attached article sometime this evening. By the way, you hit the nail on the head with this one.......Scammers tend to use Canada as it brings in multiple jurisdictions and hence makes investigations harder and less likely.

ANY city in Canada where everyone can short-sell penny stocks,

You have it right but for the wrong reason. Scammers tend to use Canada as it brings in multiple jurisdictions and hence makes investigations harder and less likely. Also Canada does not allow non-reporting public companies so scammers tend to move to the pinksheets. Although, BC (a province in Canada) has recently made it so any company that hails from BC or has major connections to there, even if it is pink, must file. They finally got fed up with the BC-pinky scams.
To sell short in Canada a penny stock you need .50 per share margin(2.50 in the USA) and to be able to find a broker that will allow it and can get a borrow (not so easy at all). Something you could add regarding short sales is that scammy companies tend to have hundreds of millions of shares outstanding and one of the reasons is to keep people from shorting their stock. Hard to keep your share price up when you have no real business or it is really just
a 2bit facade for a scam.
Real companies also do not scream on about the evil shorts blah blah blah. Scams sure do, as they dump boatloads of shares on investors and cry victim. The same can be said about message board promoters.

The doc in my sig is not just applicable to mining and is a very good read about scams
|
|
v

Thanks for the compliment. I'll try to check it out today and will get back to you.

Sputnik... I enjoy your views. I believe that no definitive review of hemi would be complete without getting lowman's take. He and his followers were the primary reason for the hmgp runup in 07. He visited the sites, and was one of hemi's biggest supporters until he discovered the game KA was playing. I believe he is also the one who was calling the ta and playing the os guessing game as mentioned by Big Mur.

On another subject: I would like to hear your take on asfx. They are a pink that will be filing a form 10 very soon. They've had to dump a huge number of shares the past year to get their business off the ground, but I think the share issuance is finished. I own a semi load of shares.

THE BASICS

BEFORE YOU BUY AN OTC PENNY STOCK



There are several key areas to look at when doing DD on an Over-the-counter pennystock. And it doesn't even include looking at the financial information.. . that is the leastimportant thing to look at.

Share structure and distribution is the FIRST place our eyes should go when looking at an OTC stock. Don't even READ the news until you know whether or not 5 million shares were sold at .005 to a company in the Cayman Islands.

If so, you can rest assured that there will be heavy selling on any run up, as each new buy is met with an insider sell. And the stock will probably then get heavily shorted near the top. . and driven down to nothing. . and I do mean NOTHING.

And if the company does not report their financials to the SEC. . .RUN AWAY. Don't even consider them, because they will surely rip you off any way that they can. And if they SAY that they will soon be reporting their "audited" financials. . .run even faster. . .this means they have NO INTENTION of filing with the SEC. And even if they say "we will be filing with the SEC" or even "we HAVE submitted our financials to the
SEC." DON'T BELIEVE THEM.

MDCE put out a half dozen press releases telling shareholders that they
filed their financials with the SEC. . .but somehow. . .as if by magic. . .they have never appeared on the Edgars.

This stuff is the BASICS of penny trading.

SECOND, look at the HISTORY of the stock. . .was there a reverse split or reverse merger in its past? If so, there will probably be more problems or more reverse splits in the future. How long has the company been in business? It is one thing for a company to come up with an idea. . .it is CLEARLY another for same company to figure out a way to successfully market that product or service. . . and it is another thing yet, for the company to properly manage their money.

Take down the names of the officers of the companies, the investor relations people or firm and any other important parties. . .and do a "entire website" search at the SEC. This is not an Edgar search. . and can be found on the main page of the SEC, which EVERY penny trader should know very well. If your party comes up in the search, you can know their history. . if not, it does not mean they are "clear". . .they still could be under investigation or have played a smaller role in other scams, etc. . . .or just have never been caught. Be UN-trusting as a defense to loss and you will increase your chance at gains.

The easy way to do searches on SEC is to use "adj" between names like
John Smith. . ."john adj smith" . . if it is an odd last name, it should be fine by itself. . "stephanapolous" or "gianapolitana" or "santodominguez" etc. . .otherwise use adj on firm names like "La Jolla adj Capital" or "La adj Jolla adj Capital" . . this will keep the thousands of uses of "capital" or the city "La Jolla" from coming up in the search. It means literally adjacent" words.

THIRD, read the press releases with a cynical eye. . . if they say that the industry is reported to generate 14 billion in revenues each year and we estimate that our revenues in the coming year will be between 40 million and 60 million dollars. . .. RUN away.

If there is no LOGICAL and detailed explanation of HOW the company plans to make ANY money. . .then they don't. . . they just plan to sell shares. . to you? . . hopefully NO. . to the suckers that don't have a clue what they are doing. ANY reports of "projected" revenues should be based on PRIOR performance. . .if not, it is just a pie-in-the-sky arbitrary number picked out to make them look good to prospective penny traders.

If the company headquarters is in Vancouver, Boca Raton, La Jolla, Denver or Las Vegas. . . . RUN AWAY. There is an old saying in the record biz, where thousands of demo tapes are sent every week. . . "if we reject 100 percent of those wanting a record deal, we will be correct in our decision 99 percent of the time. . .and that ain't bad"

By catagorically denying ANY company hailing from these cities, thus
rejecting 100 percent of them. . .we will be correct in our decision 99 percent of the time. And that is not bad.

Other suspect cities, which would require EXTENSIVE DD to justify,
include New York City, Dallas, Houston, Palm Springs or other cities of the Coachella Valley, Ft. Lauderdale or other cities in South Florida, any city in Nevada, ANY city in Canada where everyone can short-sell penny stocks, any other "resort" city. . .

If Gucci has a store there. . .then chances are your company does not
operate a 50,000 square foot building in the same town. . but rather is just one of many operations out of a small office there.

FOURTH. .INVESTIGATE. . . A good way to find out about the company? CALL THEM. NO, I don't mean to call the number they provide you. . .I mean call the local area directory assistance and ask for the company name. . . I have even gone as far as asked for the numbers of each of the officers of suspect companies, only to find that NOBODY had a listed number. . not even the company.

If the company has an unlisted number. . .think about it. . their customers or clients will not be able to find them. . they are absolutely bogus. If the CEO or his wife answers. .or there is a baby crying in the background. . .guess what? The company is being run out of the kitchen table of a house, and they want your money. . .why?
There are bills that need paid, that's why.

Another good trick, is to offer to visit the company headquarters on
short notice. . .say something like I will be in town first thing in the morning and would like directions to the company headquarters, so you can report back to your thread on Silicon Investor. . .yes they all read our threads.

If they say the company is moving, under construction or give ANY reason whatsoever for not allowing you there. . . you have your answer. . they are bogus. .don't believe them. . .if they offer to meet you elsewhere or to guide you in. . . decline and say, you may be late and insist on getting precise directions to the company headquarters. You will be amazed at the number of companies that will refuse to tell you.

If you are still interested in the company at this point. . .then you must ask yourself how much you are willing to lose. . . if you are "investing" 2,000 or more dollars, then go to Southwest Airlines website on a Tuesday thru Thursday and book a 33 to 99 dollar "internet special" flight there and go and see them for yourself. For just a same day trip. . or overnight if you feel adventurous. . .for just a few hundred bucks. . you can get a first hand account of where your money is going.

If they sell goods. . .you want to see the warehouse, shipping, receiving
department. . .it should be impressive. . even if it is tiny. . if they sell services. . you want to see the laborers performing these services. . .if the company is nothing more than a small office with no laborers, because they "farm out" or their workers work "out of their homes" . . .RUN away. That is a lie. . the company is in business just to sell shares. In which case, be sure to note the leather interior of the CEO's car. . because that is what your 2,000 bucks bought.

Note the name or names on the door. Instead of the company name, does it say "capital.. .equity. . .investor. . .relations. . .financial". . etc??? Do
you know why? Because they operate NUMEROUS companies from the same office. . . in which case, your presence is not only NOT WANTED. . .it is threatening to their livelyhood.

If that is the case, I would not bother to even enter, as it may be a
potentially dangerous or threatening situation. . . I would turn around and never look back.

But here is the part of penny trading that is the most important of all.
. .and what I expect from each of us here on the fishing thread. . . when you have information about these companies like that described above. . and someone else is getting suckered into the same company. . . have the decency to tell them.

You don't need to go on the thread and tell eveyone they are invested in
a bogus company. . .chances are good that they have already figured that out. . . but in the course of daily discussion, when the name pops up. . and you can shed some light. . do not hold back.

If they were unlisted. . say so. . if they have convertible debentures
from an offshore placement. . say so. . .if there was a 1 for 100 reverse split a year ago. . .say so . . etc etc etc.

Not every company on the OTC or the Nasdaq is bogus.. . . but as I said
on the Scammy Awards:

Welcome to the Over-The-Counter market of Electronic Bulletin Board and Pink Sheet stocks.

Out of 100,000 issues,
90,000 are scammys
9,000 are clueless
900 are really trying
Leaving 100 that are worth buying.

Posted by: USC Cowboy Date: Monday, October 27, 2008 5:41:55 PM
In reply to: None Post # of 43264 [Send a link via email]
Your eyes can fool you.

The problem as I see it over the last year or so, is that shareholders have been given just enough information through strategically placed PR’s to allow a few self-professed shareholders and believers to continuously promote the virtues of the company by pointing to minimalist PR’s that can only be verified in a modest way.
We have had no major verifiable and share price elevating event such as semi-annual shareholder reports, audited and verifiable financial reports, official share accounting through a TA, aggressive offense by management against evil doers involved in share manipulation, and so on.
So we continue to wither as a plant in a severe drought, without rain in the near forecast. But much like the small group of unwavering supporters on this board, I too can predict rain in the future. Notice that I can not give a date or even a range of dates, that is because I then would be judged by my ability to ‘accurately’ predict an upcoming event. But without a date stated, I can be 100% certain in being correct in my prediction that rain is coming to cure the drought.
The problem though, is that the plant that so dearly required water to live, has long since died.
Let me share a short, but very applicable real story about an oil operation that I was updated on by an older and wiser petroleum engineer when I worked for a large energy lending bank.
The oil company (known for its acquiring of leases, infill drilling and cash rich position that came from promotion of drilling programs) approached the bank to establish a business connection and prestige within the energy bank industry. They wanted to add their bank relationship to their impressive brochures to show potential investors how well connected they were and thus infer without stating financial stability.
The bank lending officers (of course all VPs) were handily flown in by helicopter by the oil company, flying over many ‘oil operations’ to impress the bankers without actually saying what was theirs and what was others. On the ground near the newly drilled well, the oil company executives and pitchmen toured the well sites, tank farms , and finally what was purported to be a recently drilled well that hadn’t even been connected to the production facilities, but did have a Baker tank set up to catch the oil that would “naturally” flow when the well head valve would be spun open.
With pressure gauges very visible and an eager and enthusiastic banker group looking into the Baker tank from the stairs and catwalk, the pitchman called for the field hand (in oil stained clothes) to just crack the valve as to not soil the bankers and behold, the crude oil surged into the Baker tank ….Black Gold! Nearby and obvious to the Bankers was a vacuum truck arriving at a tank and picking up a load of oil for sale, they even got to see the load ticket.
The Bankers now impressed and full of excitement, could hardly wait to get to the ‘first cabin’ lunch planned by the oil company executives and pitchmen, over which they toasted each other and set into motion what was hoped to be a very long and profitable association for both.
Later, at the banks conference room a debriefing was underway wherein the now well informed bankers were relating the fantastic field trip to senior management. From the distant corner of the conference table, the lone petroleum engineer responsible for the technical aspects of the banking relationship, asked the exuberant bankers if they did anything to verify the actual drilling of the well? Also, did they verify that the oil produced actually was coming from the recently drilled well? This was the same show and tell given to the many duped investors taken to the site in buses as the company worked them at frequently given investment seminars, designed to get massive amounts of drilling and rework capital. Always with the caveat that “…the oil business is risky, but we think we have a low risk opportunity on this one!” to cover the inevitable losses . But like the bankers, the soon to be fleeced investors could not see beyond what they obviously saw with their own eyes.
Silence fell across the room.
Then one of the bankers spoke up in defense of their newly discovered oil darling, saying “We were right there, right there and saw it with our own eyes!” The petroleum engineer then in a solemn fashion described how there could be only a wellhead sitting there, plumbed subsurface to the tank farm with a recirculating system to provide pressure to the line and to make possible a ‘flowing well’. Black Gold on demand.
Other small wells, not noticeable one the field trip, made the oil possible by producing only a barrel or so a day, truly not commercially viable but valuable as the source of the oil sold out of the tank and serving as witness to the new well production.
The lesson here is that people see what they want to see. This is what con-men discovered eons ago. The voice of dissent is often all that saves us from ourselves.
By the way, for those interested in the story and not ready to blow it off this is what happened in the Midwest operations of a small but what appeared to be a up and coming oil exploitation and production company in the 1980’s, can’t remember right now what its specific name was, but I’m sure the technically savvy crowd here can find it on the internet. I do think it was in Kansas or Ohio, and I believe the target production was the Clinton formation, a wide spread horizon that shows early production nearly 100% of the time but peters out in less than 30 days making it perfect for show and tell oil play promotion.
FWIW
USC

Here is another example of a pink sheet company doing the right thing and it is also and O & G company!

July 1, 2008-Allenergy, Inc. Voluntarily Updates Financial Info at Pinksheets.com; 'Stop Sign' Removed by OTC Market

Here is a pink sheet company (POGS) that is in the same business as Hemi that does report it financials!

http://www.piol.com/fi.html

Here is why Audited Financials are imperitive to review prior to making an investment decision. If Pink Sheet company CEOs make a commitment to provide and don't that is a sure sign the company falls into the Pink Sheet Scam category!

Financial audits exist to add credibility to the implied assertion by an organization's management that its financial statements fairly represent the organization's position and performance to the firm's stakeholders (interested parties). The principal stakeholders of a company are typically its shareholders, but other parties such as tax authorities, banks, regulators, suppliers, customers and employees may also have an interest in ensuring that the financial statements are accurate.

The audit is designed to reduce the possibility of a material misstatement. A misstatement is defined as false or missing information, whether caused by fraud (including deliberate misstatement) or error. Material is very broadly defined as being large enough or important enough to cause stakeholders to alter their decisions.

A from t reported some 495,000 shares of Hemi sold at $0.0078!!! Almost 1,000,000 shares sold today. This has all of the appearances of dilution taking place.

I saw that previously. Just unbelievable!

I left the B off because I don't think HMGP will make her a Money Mogul!

One of my favorite KAA messages

http://siliconinvestor.advfn.com/readmsg.aspx?msgid=13280185

The is a load of crap, IIRC it is from Minmar who are involved extensively with fraudulent public companies. Quoting barely literate, scumbags like Miro and Garth LOL

Would not one be stupid to continue to dump money into scams, lose it and meanwhile perpetuate fraud? I have yet to not be right about a scam. I enjoy scam chasing and perhaps you enjoy giving money to criminals?

I am not sure who MM2 is , but MM2B is doing just fine.

Kels

Kels...How is MM2 doing?

Chopperpilot come on back to the HMGP board, you know the place where constructive opinions and insights on Hemi are welcomed. IMO wasting your typing skills over here.

Besides the Hemi board will give ya a free ride for the weekend.........................Rumor has it that a couple of HMGP bashers were thrown out of town for the weekend.

Kels

You don't know how to pick them. And if that is the case, why are you still here? A person who feels that way would be stupid to hang around!

Please tell me how many touts you have seen be right and how many "bashers"
So far I see "bashers" in pinkyland at close to 100% and touts in less than 1% What does that say to you?

Borrowed 30-Dec-08 08:51 am
Countless investors find their way to the message boards only to see false posts about "SEC Violations" and "Class action suits." Such boards are filled with bashers using a variety of aliases, posting false or misleading information, all in all making it very difficult for a newcomer to tell truth from fiction.

For nervous investors, it is often easier to sell the stock and put the money in the bank. These are the people on whom the bashers prey. Bashers bet on a stock to go down and they do their best to help it happen. They are not concerned with the risk of loosing money like the average investor, because they are usually paid to bash the stock. In other words, they are not using their personal funds and are not actually investing themselves, or at least not in that stock. Additionally, bashers do not wait for the markets to go up or down; they make them move themselves. Bashers use fear, lies, and falsehoods to prey on the nervous investor, thus influencing the markets in their favor.

Borrowed 30-Dec-08 08:51 am
Countless investors find their way to the message boards only to see false posts about "SEC Violations" and "Class action suits." Such boards are filled with bashers using a variety of aliases, posting false or misleading information, all in all making it very difficult for a newcomer to tell truth from fiction.

For nervous investors, it is often easier to sell the stock and put the money in the bank. These are the people on whom the bashers prey. Bashers bet on a stock to go down and they do their best to help it happen. They are not concerned with the risk of loosing money like the average investor, because they are usually paid to bash the stock. In other words, they are not using their personal funds and are not actually investing themselves, or at least not in that stock. Additionally, bashers do not wait for the markets to go up or down; they make them move themselves. Bashers use fear, lies, and falsehoods to prey on the nervous investor, thus influencing the markets in their favor.