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Longs aren’t selling !!
Shorties wish they would.
That isnt analysis. Thats begging shareholders to not sell.
I'm reposting a recent important analysis that I think is very important going forward:
___________________________________________________________________________________________________________
Krombacher Thursday, 11/21/19 01:43:39 PM
Re: None 0
Post # of 333498
In general, religion is off topic... however, the following saying is so common that even non religious secular people know it... everyone pretty much has heard it.. so it should be ok to comment on it.
It's: "you reap what you sow "
What's interesting about this saying is that there's a qualifying phrase that comes before it that few know about but I think that phrase is more important because it puts this truism into context as it pertains to investors in erhc.
That phrase is something like "Don't grow weary when you're doing good"... and then it's followed by "because you reap what you sow".
That's the key with erhc. I *know* I'm doing good in my speculative analysis of erhc. I also know that erhc is not a scam and they're doing everything they can to do good.
Sure it takes patience. Sure we grow weary over all these years trying to understand this investment and contribute our thoughts and opinions... but so long as good is done... we will ultimately reap what we sow.
Don't grow weary my friends.
Krombacher
Another hope and a prayer that might help ERHE out?
I dont think so.
ERHC Shareholders please read this article as it should drive the majors to try to do deals in the JDZ and EEZ as opposed to offshore Nigeria waters:
https://worldview.stratfor.com/article/nigerias-risky-new-oil-revenue-plan-offshore-crude-investments-africa
SSC,
I sit back, I relax, and enjoy myself with a glass of wine!
So how much did it cost? Link please
Isn't this the 2nd well listed in that link which was erroneously referred to as the new 3rd well which now everyone knows only existed in the made up alternative fact based new-erhe-paradigm world?
So this doesn't change the 4000 boe number, does it?
It definitely did not change the FACT that no one in the entire world has been willing to pay more than 1/10 of a penny for erhe for years. erhe is worth what the market is willing to pay for it; sorry but that's the way it works in the real world.
“ends up contributing to the promotion of the oil potential of the São Tomé and Príncipe EEZ, which is still unknown and untapped.” (Macauhub)
ERHC Volume: 1 share.
No that is LOL.
"their laws" NOT "there laws" !
Today I feel like a yacht captain downing my Manhattan anchored off the coast of Nice. (Young 20s ???)
Go ERHC——-
The narrative changed? Again? lol. That seems to happen quite often, but the share price remains the same.
OK, so now there are no offshore accounts where the 1.5 billion made up short shares used to be held, now all those made up short shares are held in Canada, eh?
Alright then, everywhere I referred to offshore accounts since the narrative changed just change offshore to Canadian. That won't change the meaning of what I posted and it certainly won't make the claim that 1.5 billion shares of a $.0003 were sold short and held for years any less ridiculous.
Thank you for clarifying the latest narrative change.
Yes...my information reveals that during full moons, over many months, only on "odd" days members would secretly meet at exactly 12.36 AM to hand off their recent transactions...this has not been discussed in the open till now....but it has been observed that these secret meetings ceased right after a recognizable "ChessMaster" secretly observed this behavior after dropping off the neighbors babysitter..Alarms rang out and within 3 moves all stopped..go figure.
GO ERHC___
Cant be Canadian because they changed there laws.
Looks like you have fall back on the offshore fabrication.
Why do we keep referencing offshore accounts when the narrative changed months ago that the short sellers are Canadian?
Krombacher
Are you saying erhc's condition was caused by the secret offshore shorters who now hold 1.5 billion shares of erhe short and haven't covered even though the price has been almost zero for years?
Are you saying erhc's condition wasn't caused by a combination of:
Bad management of $45 million in cash
The issuance of toxic convertible debt that lead to massive dilution, 1:100 reverse split, followed by further issuance of toxic debt and another 3 billion shares of dilution
Bad luck of another dry well in Kenya to add to all the failures in the JDZ
If that is your case, I'd say the facts strongly disagree with it.
Much higher levels?????
What higher level?
They didn't short at .0003 - the shorting was done at much higher levels. But I suspect that common sense makes that more than obvious !!
SSC – Made Up! Here is a dose of reality. On page 7 oft the ERHC’s Oct 25 2019 administrative Proceeding Link: https://www.sec.gov/litigation/apdocuments/ap-3-19419.xml
Reference: Eagletech Communications, Inc
Answer at 2. ERHE attributes its delinquencies to litigation over mineral rights with a third party. This argument is unavailing. The Commission has repeatedly held that third party conduct does not excuse a company's failure to comply with its periodic reporting obligations. Eagletech Communications, Inc., Exchange Act Rel. No. 54095, 2006 SEC LEXIS 1534 at *6 (July 5, 2006) (third party criminal activity); Cobalis Corporation, Exchange Act Rel. No. 64813, 2011 SEC LEXIS 2313 at *20 (July 6, 2011) (actions of shareholder in forcing involuntary bankruptcy proceeding and forcing i~suance of stock did not excuse Exchange Act violations).
https://www.inquirer.com/philly/business/20070111_Business_news_in_brief.html
Valley Forge stockbroker pleads guilty to fraud
A stockbroker at Valley Forge Investment Group has pleaded guilty to conspiracy to commit securities fraud and wire fraud related to a scheme that defrauded investors of millions of dollars and led to 17 criminal convictions. Robert Montani Jr., 45, pleaded guilty just before he was to go on trial in federal court in Newark, N.J., for manipulating the price of two thinly traded stocks from 1999 to 2001. Montani was a broker at Bryn Mawr Investment Group in Rosemont, later known as Valley Forge Securities. Prosecutors said Montani helped the firm's chief executive officer, Tonino Labella, and other brokers defraud shareholders of Eagletech Communications Inc. and Select Media Communications Inc. Montani, who lives in Valley Forge, faces between 33 and 41 months in prison under advisory sentencing guidelines. Montani was the final defendant to plead guilty. Labella pleaded guilty Oct. 26.
- Bloomberg News
This read is long but shows you how it is done: https://courtsportal.dallascounty.org/DALLASPROD/DocumentViewer/Embedded/lqqdez1JJH6A0Lpa55kFL-ZylnPtFssEJP9CmdH7oPt8jpLkuwxqhZt_q7TaKmDbGndtTwA31J09FWOEg9VPyh2L3MtXhy0864IJ60C7dyY1?p=0
In my opinion ERHC is suffering similar situations and that’s why they state they could not file on time and suffers the same fate. I truly hope this gives you another aspect on reality of shorting and manipulation! Good luck!
Yeah, except everyone knows there aren't shorters of a $.0003 or lower stock holding 1.5 billion shares short in secret offshore accounts. The story is ridiculous by all measures of risk/reward.
Thanks Homebrew for your PM : Psssst...Getting suspended, and soon revoked is a bad thing for shareholders.
Psssst: going grey after all that work and not being able to cover the short positions is a bad thing for the shorts! P.S Own many shares in private companies! Good luck!
Operative word is IF. Since there arent any shorts the operative word is---
MOOT.
If shorts were effective their plan was to drive the stock price down and cause the stock to go to the grey market and then cover all their short positions!
Problem is longs not selling!
Sorry it worked for so many years but times have changed in my opinion!!
Good Luck
200 million or 300 million shares wouldn't even bring in $8 total. Enjoy the revocation.
oldoil - yes 69 million x $8.00 Bucks would work for me!
Good luck!!
Ahhh.....The “Kings English”
btw, I have shares to sell.....$8 bucks
Ain’t going to happen. 1.5 billion shares held tight with the group I know, SEO has the rest.
Yeah the shorties are working frantically every day to find a way out !
Tick Tock Tick Tock...time for Shorties to find a way out.....less today, more tomorrow....
Sadly, they may get caught in the $5.00 per share escape...Talk about getting their rear ends handed to them...PLeassseee.....do it now....
GO ERHC______________
_______________________
__________________
Nobody knows the time table that the SEC works on.
Wasn’t Revocation supposed to have happened weeks ago?
Wonder why ERHC is still listed and traceable ??? Hmmmm??
Longs Not selling and Total wants our stuff.
Go ERHC—-
Of course I would be looking forward to it.
Why wouldnt I???
But I dont think its going to turn out like many think it will.
.0002??? suspended. Revocation very soon.
Looking forward to it.
You too?
I sit back, have a glass of wine, and enjoy the show when it starts...
You too?
Maybe tomorrow.
Are you ready?
Is that very soon the same
very soon from 4 years ago????
Short sellers going down the tubes !! Big ERHC deal being announced very soon !
Yep, not much more time until revocation.
Tick, tock, tick, tock…
It's Sunday, I'll have a glass of wine, and will enjoy the show later on.
Hang in there.
Link please to even the slightest shred of proof that there are any shares of erhe sold short. ANYWHERE. NAKED OR OTHERWISE. Without that, just another made up new-erhe-paradigm alternative fact, the likes of which have led to a share price near zero, banishment to the grey market and no trading volume.
Who will win? Not the Naked Short Sellers From Canada IMO
He SSC,
Seems like a small circle of stuck investors just can't give up on the made up, baseless story that there are 1.5 billion erhe shares sold short by evildoers with secret offshore trading accounts. This false rumor began 4 years ago when erhe shares were free falling for the first time but it couldn't prevent the massive dilution, reverse split and vaporization of all shareholder value before the 1:100 reverse split. Now, another 3 billion shares later and price near zero again, a tiny percentage of shareholders tries to perpetuate the rumor. So sad.
Hmmmmm link on the acquisition of block 4 by Total????
This is the technology they will use on EEZ blk 4 imo
Total's technology advances in GOG: PART 2: RISERLESS LIGHT WELL INTERVENTION CASE STUDIES
In this section, we take a look at some recent riserless well intervention case studies that highlight the complex work that can be
done using the technique, and the huge savings that can be made.
Total’s Egina Oilfield, Offshore Nigeria
Information taken from Edward Kalu, Total Nigeria, OWI WA 2018
The first case study example of riserless intervention is from Total’s Egina oilfield offshore Nigeria, which has only just
begun production, with first oil in early January 2019. Once fully up and running, the field is expected to produce at a rate of
200,000 b/d of oil, representing about 10% of total Nigerian output.
ü 4 interference/injectivity tests performed
under budget
ü 13.6M USD in savings
ü 5 rigless stimulation operations performed
ü -~30M USD savings
Sumary of rigless intervention results at the Egina Oilfield
Overall, the project was brought onstream at a cost of about 10% less than its initial development budget, which represents
more than $1 billion in capex savings, due mostly to improved drilling performance where drilling time per well was reduced
by 30%. Total is operator at the field with a 24% interest, while CNOOC holds 45%; Petrobras 16% and Nigeria’s national oil
company (Nigeria National Oil Corp), 10%.
As part of the cost reduction initiative, the Water Injector Christmas Tree installation and testing was carried out from an
Offshore Intervention and Maintenance Repair (OIMR) vessel. That intervention was also designed to gather information
for placement of future wells in what is a highly faulted Egina reservoir structure. The job scope included opening reservoir
isolation valves, followed by an injection test to estimate well productivity and interference testing to assess reservoir
connectivity and fault behaviour.
NOTE - broker/dealers IN THE US BUT not the multiple of broker/dealers outside the US !!!!!!
"To conduct securities transactions and business with the investing public """in the United States""", both firms and individuals must be registered with FINRA. Firms must apply and meet certain membership standards to become a FINRA-registered broker-dealer.
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