Saturday, October 21, 2017 10:43:30 AM
When you see nobody willing to drill these assets after ERHC spent years and years trying to find partners, with deepwater drilling in severe disfavor and with the total inepitude shown by ERHC, there is no doubt in my mind that the current valuation of ERHC is fully justified.
There is every indication that ERHC won't survive and , if they do survive, that existing equity will be wiped out in favor of those owed money and in favor of those supplying money to keep ERHC alive. Creditors and any new equity will own this company. Current shareholders won't.
Some continue to call this stealing the assets. I would call it how things work in the real world.
Recent ERHE News
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/06/2024 07:31:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 09:06:42 PM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
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