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Name calling and bombast are not adequate substitutes for rational thinking. One need only refer to your God claims to see that. If you wish to buy into the dilution and toxic financing more power to you. I will wait until the dust settles. Call it insurance or whatever; it's mostly bloated syntax (BS) based on a wing and a prayer. \V/_
Thanks, some of these comments would be more appropriate in Vegas. \V/_
Unless you have some secret source in Offor's camp, it would seem that your arguments are highly speculative. The steady decline is an indication that there's more to come--a reverse split and more toxic financing. The bottom will not be reached until they come up with the money they need for drilling. Buying now is at best questionable. Riding on Offor's coat tails assumes that he'll have the retail investors' best interest in mind--not likely. Like the crap shooter at the dice table who has already lost his shirt, you're betting on one last roll. Even if they can finance the well, their chances are still less than 50-50. Now is not the time to buy; it's a to wait and see.
I feel for those long timers like Vince who've lost out on their initial investment, but the money they have put in has already been spent on the non-commercial off shore wells. \V/_
And so it goes. \V/_
The argument that one can buy insurance for an initial investment by purchasing into a steadily declining death spiral is not a realistic approach. I've seen this more often than I like. Faced with toxic financing, a less than stellar management team, declining oil prices, Nigerian antics, etc. the prospects seem to be dim. Rather than thinking that you're dollar cost averaging, wouldn't it be better to approach any additional new purchases as a separate entity. In other words, ask yourself if you'd buy this stock if you were a new investor.
I watched a gold mining stock go through this same cycle of toxic financing, dilution, reverse splits, and false hopes. Currently, it's selling at .0001, has an IRS lien against it, $8,000.00 in the bank, and has gone through 49 million dollars with nothing to show for it. ERHE isn't as bad off as that, but it could be heading in that direction.
The money that people put into this originally has already been spent and is long gone. You cannot protect against an original investment that has already gone belly up. The question of putting more money into ERHE should be based on the current circumstances not on the false premise of protecting (insuring) one's original investment. Right now ERHE has to come up with enough money to pay for drilling a well and so far hasn't. Selling assets, dilution and toxic financing seem to be the current options. I'd base any decision to buy based on those facts. \V/_
Gad! Being referred to Krom is a fate worse than death. \V/_ RIP Spock.
They've actually made some payments to the IRS which is down from the original $300,000. Either they're trying to clean up their act or the IRS seized their bank account. Nothing is going to happen until the Blackfire money comes through. Yawn. \V/_
I don't wish to step on anyone's toes with a new conspiracy theory; however, The CIA, et. al., might be involved in the lower oil prices. With ISIL relying heavily on oil sales, it might be in our and the Saudi's interests to lower crude prices to cut off a major source of revenue for the terrorists
Just like you were 100% right about .04 being the bottom? \V/_
That's a silly argument. There is no correlation because ERHE has no oil. \V/_
The Saudis are the ones behind the drop in oil prices and it may be an attempt to cut revenue from oil being sold by ISIL and others. Mid term elections don't have a whole lot to do with it. \V/_
Actually it's the first corollary to Murphy's law: "Work expands to the time allotted to it." \V/_
With all of this talk about links, I think I'll have a wurst for dinner. At this point nobody knows nothing. \V/_
Me thinks he doth condemn with faint praise. \V/_
Parts is parts. \V/_
Consider the source. \V/_
What in the world is a "redrawal"? \W/_
The current share piece is largely a product of investors sitting on the sideline waiting to see what happens next. The question of "toxic" is largely one of semantics. If ERHC goes under because of the financing then it would indeed be "toxic." Until that occurs, it is only conjecture and is about as productive as arguing with a telephone post. \V/_
The "toxic financing/shorting" argument is prevalent on every penny stock board on IHUB. There is a much simpler argument to be made; most potential investors are willing to wait for more substantive news, i.e, 3d seismic or drilling. Until one or the other occurs this will hover around the current range no matter what the guru's on this board do or say. There is not a dearth of information as some contend since we now know it's either drill or 3d seismic. All of the rest is pure conjecture and intellectual flatulence. Right now Kenya is their focus as it should be. Chad, the JDZ, et. al, are contingent on what happens in Kenya. \V/_
Maybe you all are missing a point perhaps. Maybe nothing has yet happened; therefore, there is no material event to report. \V/_
What's up Dee? How you are? I see Hinky is here too. I'm not sure if that's good or bad after PCFx. I'll keep my eye on this. All we need now is Robo. \V/_
Did you find it curious that they were bitching about the roads which haven't been used for over a year. The way things are looking the IRS will sell of the equipment and the reclamation bond will be forfeit. Sounds like Oregon Gold all over again. Oh for the happy days of the geotubes. \V/_
Krom's various conspiracy theories often stimulate usable information as opposed to just carping about the lack of communication which is a given when you're working on African time. If you want patience, wait for it. \V/_
Hey Trap! They can make the IRS pay the fines when they seize the property. \V/_
Pretty boring lately while we wait. Where's Krom he's always good for debatable issues? Waited five years; what' a few more months? \V/_
What happened to all the gurus touting .0002? Did reality finally set in? Hopefully, they moved on to beat another dead horse. \V/_
Remember what happened the last time you bought in. \V/_
What a surprise. \V/_
The .0002's didn't hold very long today. Maybe we should invest in the IRS; it looks like they now own a gold mine. I'll try reading the 10Q tonight when I stop laughing. No big time promos today. What gives? \V/_
How is the inability to file a 10Q in a timely fashion good news? Maybe they're having trouble finding a CPA? \V/_
What exactly was that good news? \V/_
Like PCFG has a lot of capital. \V/_
That may be a long wait if it's hereditary. \V/_
Too funny. \V/_
Unfortunately, the TOS don't proscribe postings which have little or no basis in fact. There has been a lot of bloated syntax (BS) about PCFG going to .0002 with absolutely no substantive basis for such predictions. At this point the best bet for it going to .0002 would be after the next R/S. \V/_
Hey Hink, what's up? It certainly isn't the stock price. The dead cat bounce illusion persists.\V/_
Anything going on in the JDZ?
Looks like the accountants has an "ethical dilemma" too. See the latest 8K. \V/_
Well it looks like things never change. Took a break from this for the spring. It's noteworthy that Mitch is gone. He was either forced out by Rob or had an ethical dilemma. Where do these rug merchants come from? \V/_
Happy Easter Trap.\V/_