Recent HIMR press releases and financial filings indicate that HIMR is moving along wonderfully in their quest for logging concessions, and instead of just one, they may have two or three by year end . HIMR explained how they intend to accomplish their goals, and they have carried through so far --- this is remarkable in pennyland, and nearly unheard of. One can either believe what HIMR says in official news releases and filings, or not. Assuming HIMR continues to execute on their stated business plan, I suspect we will soon see some remarkable share price appreciation based on the completion of HIMR's stated goals.
I seldom if ever make predictions on share prices , but revisiting the .0025 area where HIMR was in the third quarter of 2012 should be easily attainable, and I suspect prices may exceed that level substantially if HIMR accomplishes its stated goals. HIMR appears to be following in the same footsteps as Aquatic Cellulose (HIMR's predecessor company ), when that company pursued underwater logging. AQCI's managers later became HIMR managers, and several (including HIMR's former president) now work for North Cal Woods. Perhaps even more important, North Cal's current president trained the personnel who operated the TigerLynk prototype in Brazil's Tucurui Reservoir. So as one can see North Cal is very familiar with Hollund Industrial Marine, and the TigerLynk system.
AQCI failed for a variety of reasons. They did not have a dedicated sales and marketing staff, they did not have a distribution system, they attempted to move into far too many business areas at once, and they tried to do all the research and development for the TigerLynk by themselves. These failures resulted in dilution and debt. However, one should also look at their successes and accomplishments.
AQCI made money immediately once logging started with the TigerLynk prototype. Revenues exceeded expectations, and orders came piling in from all over. Investors may be familiar with Atlantic City's famed Board Walk, but did you know the wood for that board walk came largely from submerged Brazilian forests that were harvested by AQCI? The Board Walk order alone was for $1.5 million dollars , and this was not their only accomplishment.
AQCI's stock price jumped to $1.28 in just nine months of operation, and may have gone higher but for management failures.
Can HIMR go that high? Who knows. But North Cal is already on board providing HIMR with their own sales staff and distribution system, so those problems are not faced by Hollund. And, the research and development costs for the TigerLynk have also been eliminated from HIMR's shoulders. So the next few days and weeks may be truly remarkable. In my opinion, HIMR is a great place to be.
