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Can I summerize your post as:
Well won't it be interesting to see erhe price and volume on Monday. Since there are only 55 shares shorted, the standard short squeeze bullshit can be ignored as it has been so many times in the past. As far as buyers of erhc stepping in, it will be clear to see how much this administrative error by the SEC really means.
Dollars/share?
Short Squeeze?
Done deal?
Not bloody likely, but fun to watch the next narrative unfold after erhe remains closer to zero than dollars, closer to zero than 17 cents. As always, if any of these bullish predictions come true I will be happy to admit I was wrong. Also as always, as they fail to materialize, I'm sure longs won't have the integrity or character to do the same.
Enjoy the weekend, then deal with reality next week.
By the way, nice find kingpin. Don't know how you do it, but always appreciate what you find and what you have to say.
Let the party begin and with blood flowing in the streets us longs will party for ever on the shorts dime
lol
jmho
screw the shorters of ERHE
they deserve it
jmho
Anyone shorting the 5 stocks on that list in the message I'm responding to is likely screwed, especially the one that still trades and is no longer caveat emptor.
My assumption is that some shorts "diversified" by shorting across those stocks and so their portfolio will be adversely affected regardless of which of the 5 move upward.
This could cause a "knock on" effect where they are forced to liquidate short positions across the portfolio, including ERHE.
Which could then result in a short squeeze.
Plus there may also be opportunistic longs looking to take advantage by buying these stocks as well.
It could get very ugly for the shorts very fast...
Krombacher
is it getting time for the shorters to cover... on monday?
We'll see what happens. Maybe they are so fare 'gone' that they won't even try...
Mhwahahaha.
https://www.investopedia.com/terms/s/shortcovering.asp
Like dominoes , the rest of the bullshit artist on Facebook ( that shorted huge amounts of Erhe) talking points expounded 24/7 will fall one by one. Should Never have shorted the bejeebers out of Erhe.
Like I said, not the SEC, Kingpin, but the SEC DIVISION did not follow the SEC's instructions to get the ERHC-revocation-train rolling again... for a reason. ERHC came up with a very valid defense. The SEC DIVISION had no clue how to counter that defense... they were even afraid to give it a try with the SEC...
But for the ERHC shorters it does not mean one iota of difference.
I wet my pants laughing....
According to the biggest ERHC shorter, we needed a miracle...
Well, miracles do happen, haha, but in fact it was hardly a miracle at all... it was in the cards, as we have communicated multiple times here.
Only the baseless, irrealistic, bearish ERHC bullshitters disagreed with us.
Stocks in exhibit A in addition to ERHE in that SEC decision are:
DBMM
GNOLF
UBIA
GGTHF
The rest are not publicly traded companies.
Krombacher
Looks like the scumbag bull shit artist on Facebook has lost one of his main talking points he has expounded 24/7 over the past few years. SEC DISMISSES REVOCATION AGAINST ERHE!!!!
Meh,
I could debate that, but someone already did on the DBMM board which is one of the companies listed on this SEC decision including ERHC
Yeah, we saw what was happening over at DBMM (one of the companies listed along with ERHC in the SEC decision)
Just waiting to see what happened on Monday... we weren't going to spill the beans... but I actually respect you more that you did and didn't wait until Monday to grab shares... so respect to you.
Krombacher
Except for the fact that the dismissal had nothing to do with the merits, or demerits, of the case but was a purely an administrative decision.
.
I just got a call from Sir Emeka Offor...
He told me the biggest ERHC shorter has been hospitalized a few minutes ago, he is on Life-support.
The SEC Division knew very well they hardly (read: NO) had a chance... that is why they got frozen in their attempts.
Oh, thank god I did not short the hell out of ERHE...
HAHAHAHAHA.
ERHC = LMAO
Hahahaha.
Yes, we know my friend...
That is why I asked about the revocation today...
Some will be even unhappier...
LMAO.
The shorting House is coming down slowly.
Hahahaha,
We break up the monotony to bring you this important news.
Due to a screw up at the SEC, the revocation proceedings against ERHC Energy (among others) have been dismissed!
https://www.sec.gov/litigation/opinions/2023/33-11198.pdf
.
All this information you claim to receive from Facebook, is it from a sketch of a head? lmao. Why not, that is as believable as your supposed communications with SEO and Warren Buffet. No doubt dickran II and the tooth fairy have added to whatever big news you seem to be waiting for, and waiting and waiting and waiting.
The curious thing is all these posts about shorting erhe, actually a fixation on that subject, yet there is a lack of the basic understanding that short sellers made their profits on erhe as it fell from near $100 to almost zero. No one holds short positions in a stock like this in the triple zeros. But you already know this and it is confirmed by FINRA and the FACT that no one can provide any proof short positions in erhe exist. Rock hard proof? lmao. Is there a sketch of that proof? lmao
ssc,
Over on Facebook there is a big time ERHE shorter, who disclosed to me that he shorted hundreds and hundreds of millions of ERHC shares, and he also told me WHY he shorted so much ERHC shares, in the first place. His arguments:
* He did not expect that anything will ever change regarding ERHC.
* He says that ERHC has been stuck near zero for over 5 years, without any news.
* He wishes me good luck with my worthless ERHE shares.
* He thinks/thought that ERHC was a non-reporting piece of crap.
* He said: no financials, no filings for a long time.
* He said he never expected ERHC to be still around, with a then pending bankruptcy.
* He hoped a revocation would get him of the hook, regarding his shorted shares...
* He could not believe that the SEC Division stopped trying to get ERHC revoked...
* Etc.
But the most important thing he told me is that he constantly has to convey his negative outlook on ERHC to eventual new ERHC investors.
He also admitted that he was not happy (understatement) when he (too late) found out that there was 400 + pages of litigation online, to be found. An expensive, fierce, fight by Big Oil, over just one ERHC block in the EEZ, that took over two years instead of just the expected 3 months. That did not help him much... he said.
I thanked him for his views, and told him I heard about these arguments earlier... indeed excellent reasons to decide to short the hell out of a stock, but always a huge risk, since unexpected things can happen... as did with ERHC.
My ERHC friend,
I understand perfectly, we all understand perfectly.
Yawn
This must be coming from being a bag holder.
Answered that question several times. Sorry if you can't understand such a basic concept. My strategy for erhe is follow the advice of the SEC, OTC Markets, and most U.S. brokerages and do not buy this non-reporting piece of crap. Doesn't get any easier to understand than that.
Sitting with dead money for 5 years or more waiting for the "big news" is not a good investing strategy, particularly when management has chosen to operate like a private company.
I love management, and I love the ERHC shorters.
LOL More bull shit
New and improved proof of what
. More made uo BullshiT?
Bullshit. Only ones stuck are bag holders who couldnt see that what management was doing was toxic.
There are no shorters. Why do you continue with that untruthful narrative?
Small group of investors owns 2 billion and probably more erhe shares. Anyone who thinks there is a way to unload that many shares hasn't been paying attention to price and volume. That is why longs are stuck and have nothing to talk about except huge, made up, non-existent short positions.
Where are the dollars/share?
What went wrong with the "done deal" that never got done?
Fantasies about conversations with sketched heads, SEO, Warren Buffet and dickran's alter ego dickran II might be comforting but have nothing to do with reality. Neither do all the alternate personas liar dickran hides behind all over social media. The reality is dickran is a scared little man/woman who convinced a small group of gullible investors to average down all the while toxic debt converters were unloading erhe shares for nice profits. Since then none of his/her bullshit regarding short sellers, dollars/share, short squeezes and margin calls, waves of buying, false libel suit and cease and desist claims, erhe dividends, kaboom rallies, Offor owning all the erhe shares, and all the other baseless claims, false rumors and outright lies, have been able to attract buyers for erhe at a penny (forget about $500, $20, $8,$3, 17 cents). erhe has remained closer to zero than to even 1/2 of a penny for over 5 years.
Can you elaborate on your ERHC investing strategy?
Aha, so in that case the ERHC shorters are out of the woods...?
lmao.
FYI...Shorting's prohibited on grey-expert market where ERHE resides. And FINRA Corroborates that showing 0 shorts on their site.
Warren just called regarding the new and improved ERHC "investing" strategy... can he also take advantage of this new way of investing, he asked? I said: "Of course you can, mr. Buffett, just focus 100% of your valualbe time on the shitty companies you DON'T invest in... and you'll become a billionaire..."
naked shorts out of Canada
they stuck
lol
jmho
Entire series of baseless claims about erhe short sellers while unable to provide proof erhe short positions even exist. Without any positive information regarding this Caveat Emptor listed piece of crap, the false short seller nonsense is all longs can talk about.
Even liar and erhe largest shareholder guerguerian dickran has gone silent on social media, probably having deep private conversations with SEO, Warren Buffet, his sketch of a make believe short seller, and dickran II. And yet the best anyone can come up with is the "irrealistic" lmao short seller bullshit.
Where are the dollars/share?
Where is the done deal?
We have all the evidence we need, every day again there is new and improved proof.
But either way, it would not make one iota of difference regarding the gameplan of the ERHC longs: we wait comfortably for ERHC news.
It must be excruciating for ERHC shorters, to wait, wait, wait, while they know how this is going to end for them... can they still sleep at all, I wonder? It has become a 24/7 job for them... chasing windmills.
The big problemos for the ERHC shorters started when it came out that there was High Stakes (per KOSMOS Top Lawyer Daniel Charest) going on over just one simple, shitty ERHC block in the EEZ...
That was/is the very reason why bankruptcy is just a pipe dream for ERHC shorters.
And now they are stuck here, as we can witness on a daily basis....
They even had to come up with a totally new ERHC "investing strategy" in order to try to justify their daily, very time consuming, presense: spreading negative, irrealistic, absurd ERHC bullshit.
That is exactly what I just said, some have no option than to sit it out.
We as long always have an option to sell our ERHC shares...
but we won't sell them to ERHC shorters, we wait untill ERHC news. Ehehehe.
Yes, indeed. And even I am surprised that the stakes in ERHC were that high for them, evidently. Judged by the huge amount of bullshit that is being spread for such a long time, one can deduct the shorters are in deep, deep... problemos.
Please provide any evidence of short seller in this issue.
As opposed to pumping this pos for the last 10 years?
Me and my 318 shares arent going any where.
My guess the shorts screwed up the boss plans and now they will pay the pipper
jmho
Actively working to fight the obesity problem plaguing our country (donuts just one example) would be a much better use of one's time compared to spreading falsehoods about a stale company like erhc (fake phone conversations, made up short positions, dollars/share, buyout deal, etc.).
The SEC, the OTC Markets group, and most brokerages in the U.S. know how bad a company erhc is and they are actively discouraging and even preventing foolish investors from buying erhe stock. I have no problem participating in that effort, particularly when it comes to debunking falsehoods spread by erhe's largest shareholder and his group of stuck investors.
Donuts are bad for you! Did you hear what I said, donuts are really bad for you! I think I’ll spend 10 years of my life 24/7 warning people about the dangers of donuts(Erhe). Absurd.
ERHC's common stock is traded on the OTC Grey Sheets (No Bid/Ask) under the symbol "ERHE."
ERHC Energy Inc. is a Houston-based independent oil and gas company focused on exploration of its working interests in the Gulf of Guinea, off the coast of central West Africa. We are proud of our heritage of visionary leadership that was responsible for ERHC being among the first to identify the possibility of significant oil reserves in what was once an undeveloped oil region of the world. We continue to build upon that heritage by continuing to be willing to take chances and having the commitment to do the hard work necessary to realize the value of our assets.
Today, ERHC has interests in Blocks 2, 3, 4, 5, 6, and 9 in the offshore Joint Development Zone (JDZ) of Nigeria and the island nation of Sao Tome and Principe. The National Petroleum Agency of São Tomé & Príncipe (ANP-STP) on behalf of the Government of São Tomé and Principe has awarded ERHC Energy 100 percent working interests in Blocks 4 and 11 of the São Tomé & Príncipe Exclusive Economic Zone (EEZ). In addition to the two Blocks already awarded, ERHC has rights to acquire up to a 15 percent paid working interest in two additional blocks of its choice in the EEZ.
The Company has signed participation agreements with subsidiaries of Addax Petroleum Inc. and Sinopec Corp. The operators of JDZ Blocks 2 (Sinopec), 3 (Anadarko) and 4 (Addax) have secured approval from the Joint Development Authority for drilling locations. Additionally, ERHC continues to pursue other potential oil and gas acquisitions, where feasible.
JDZ Block 2: 22.0%
JDZ Block 3: 10.0%
JDZ Block 4: 19.5%
JDZ Block 5: 15.0%
JDZ Block 6: 15.0%
JDZ Block 9: 20.0%
ERHC will be responsible for its proportionate share of exploration and exploitation costs in the EEZ blocks.
The São Tomé & Príncipe EEZ encompasses an area of approximately 160,000 square kilometers south and east of the Nigeria/São Tomé & Príncipe Joint Development Zone and surrounding the volcanic islands of Príncipe and São Tomé. Block 4 is situated directly east of the island of Principe. Block 11 is directly east of the island of Sao Tome.
Ocean water depths around the two islands exceed 5,000 feet, depths that have only become feasible for oil production over the past few years; however, oil and gas are produced in the neighboring countries of Nigeria, Equatorial Guinea, Gabon and Congo.
The African coast is less than 400 nautical miles offshore, which means the exclusive economic zones of the concerned countries overlap.
Operations in JDZ Block 2
ERHC's consortium partner Sinopec Corp. is the operator in JDZ Block 2. In August 2009, Sinopec commenced exploratory drilling of the Bomu-1 well, which was completed in early October 2009. The NSAI report estimated ERHC's unrisked prospective resources in JDZ Block 2 totaled 77 million barrels of oil and 93.9 billion cubic feet of natural gas (P50). The NSAI report estimated ERHC risked prospective resources in JDZ Block 2 totaled 38.3 million barrels of oil and 47.9 billion cubic feet of natural gas (P50).
Operations in JDZ Block 3
The NSAI report estimated ERHC's unrisked prospective resources in JDZ Block 3 totaled 27.3 million barrels of oil and 32.9 billion cubic feet of natural gas (P50). The NSAI report estimated ERHC risked prospective resources in JDZ Block 3 totaled 8.7 million barrels of oil and 10.5 billion cubic feet of natural gas (P50). The operator, Addax Petroleum, began drilling the Lemba-1 well in October 2009 and completed drilling in November 2009.
Operations in JDZ Block 4
ERHC's consortium partner Addax Petroleum is the operator of JDZ Block 4. In August 2009, Addax took possession of the Deepwater Pathfinder deepwater drill ship and started drilling the Kina prospect. The NSAI report estimated ERHC's unrisked prospective resources in JDZ Block 4 totaled 231.6 million barrels of oil and 245 billion cubic feet of natural gas (P50). The NSAI report estimated ERHC risked prospective resources in JDZ Block 4 totaled 88.4 million barrels of oil and 86.2 billion cubic feet of natural gas (P50). In 2009, Addax Petroleum drilled the Kina, Malanza-1 and Oki East wells.
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2012 (from 10Q)
Weighted average number of shares of common shares outstanding | 738,933,854 |
Authorized shares: 950,000,000
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ERHC Energy Milestones
In May 1997, ERHC entered into an exclusive joint venture with São Tomé & Príncipe. ERHC sought that agreement because it identified the possibility of significant reserves offshore of Sao Tome & Principe years before anyone else did and was willing to undertake the hard work necessary to realize the value of these assets.
All of the proceeds from these sales were received by the Company during the quarter ending March 31, 2006.
Block 11A encompasses 11,950.06 square kilometers or 2.95 million acres (click on map to enlarge). The Block is situated on Kenya's border with South Sudan to the north, Block 11B and Lake Turkana to the east and near Kenya's border with Uganda to the west.
-Link to the June 2009 Sao Tome and Principe AAPG (American Association of Petroleum Geologists) Conference slide presentation in Denver. It shows EEZ Block delineations and much more: http://www.internationalpavilion.com/ip_2005/Denver09_Talks/Presentation%20Sao%20Tome%20&%20Principe%20AAPGv3%20(2)_files/frame.htm
-The National Petroleum Agency of São Tomé & Príncipe (ANP-STP) on behalf of the Government of São Tomé and Principe has awarded ERHC Energy 100 percent working interests in Blocks 4 and 11 of the São Tomé & Príncipe Exclusive Economic Zone (EEZ). The ANP-STP has indicated that it expects to invite ERHC to negotiate Production Sharing Contracts (PSCs) on the two Blocks in due course. In addition to the two Blocks already awarded, ERHC has rights to acquire up to a 15 percent paid working interest in two additional blocks of its choice in the EEZ. The ANP-STP has informed the Company that selection of these other blocks will take place at a later date to be determined.
-Another great post on the EEZ can be found here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36450859
-Possible pre-salt oil deposits in the EEZ: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36565661 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36570193 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36596746 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36450859 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43260765
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Operators/ partners for Blocks 2,3 and 4
http://www.addaxpetroleum.com/home (Block 4)
http://www.addaxpetroleum.com/home(Block 3)
http://english.sinopec.com/ (Block 2)
Deepwater rigs
http://www.pacificdrilling.com/
http://www.fredolsen-energy.no/?aid=9048927
http://www.seadrill.com/
http://www.deepwater.com/fw/main/default.asp
http://www.saipem.eni.it/index.asp
http://www.deepwater.com/fw/main/Sedco-702-92C77.html?LayoutID=17
http://www.marinetraffic.com/ais/nl/shipdetails.aspx?MMSI=636014746
Deepwater rigs video's and animations
http://www.youtube.com/watch?v=Ii2zOZh41eA
http://www.deepwater.com/fw/main/Discoverer-Clear-Leader-Begins-Operations-410C1.html?LayoutID=6
Presentations
Growth Company Investor Show 2008 in London
http://www.youtube.com/watch?v=sgXCHO-Ot4E part 1
http://www.youtube.com/watch?v=OQm6SwY5ceo part 2
http://www.youtube.com/watch?v=aaam9Tyh4DE Q&A part
ERHC Web TV presentation to RedChip Conference
http://www.modavox.com/events/redchip/0608/room1.html
CEO Peter Ntephe Interview - on RedChip TV
http://www.modavox.com/events/redchip/0608/ceo_interviews.html
DD web sites
Facts about ERHC/ERHE: http://www.erhc.com/en/cms/?60
FAQ about ERHC/ERHE: http://www.erhc.com/en/cms/?56
http://www.anp-stp.gov.st/eng/
http://www.enercominc.com/
Track drillships marinetraffic.com/ais/default.aspx
http://www.erhc.com
http://finance.yahoo.com/q?s=erhe.ob
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000799235
http://www.otcbb.com/asp/Info_Center.asp
http://www.nigeriasaotomejda.com/
http://www.investorshub.com/boards/read_msg.asp?message_id=5721853
http://www.equatorialoil.com/pages/TechReview.html
http://www.nigeria-oil-gas.com/
http://www.sao-tome.com/englisch/index.htm
http://www.eia.doe.gov/emeu/cabs/nigeria.html
www.ods-petrodata.com/odsp/day_rate_index.php
Industry News
http://www.rigzone.com/news/
http://www.oil.com/
http://www.platts.com/
Articles
The New Yorker, 10/07/2002, OUR NEW BEST FRIEND, by JON LEE ANDERSON,post #3510
http://investorshub.advfn.com/boards/read_msg.asp?message_id=6512250
DAILY INDEPENDANT, Tuesday May 24th, 2005, The long wait for JDZ deal POST #3035
http://investorshub.advfn.com/boards/read_msg.asp?message_id=6479732
Area News & Newspapers
http://www.allAfrica.com
http://www.nigeriamasterweb.com/paperfrmes.html
http://www.nigeriamasterweb.com/newsfrmes.html
http://www.independentng.com
http://www.ngrguardiannews.com/
http://www.newswatchngr.com/
http://www.punchng.com
http://www.thisdayonline.com/
http://www.vanguardngr.com/
http://www.jornal.st/index.php
http://www.tekoilandgas.com/technology/glossary-of-terms
AKPO information
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48439213
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48446472
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