RB board might be gone for good.

I may have to make this a regular place to post.

I am so disappointed in the trading since the 10Q was released. Maybe the timing was all wrong but with the numbers in that report, why aren't we trading over $4 right now? There is too little volume and too few eye balls looking at this company. The new PR firm had better find a way to get this company into a national spotlight.

Now, what do we have to look forward to? The SLB arbitration and then what... the next 10Q? We need to crack open the PR pipeline to get some flow going here. Something has to happen to kick start this thing... What is it going to be?

A1

F&F... I can admit when I am wrong. I challenged you on the expenses coming in lower and they were. You were right. I sure didn't anticipate that at all. ... the margins are better.

It took me a while but I may have an idea as to why the margins changed... or more specifically why the expense dropped. My guess is that the broadband division that they sold off was labor intensive. Those revenues were replaced by revenue streams that are more efficient.

ERF is positioned to pop. It is so hard to anticipate when CFP is going to hit but from this 10Q, I'd say that CFP is right around the corner. So how many more trailers is it going to take? Is the $3m loan going to buying the equipment that puts the numbers into the black? They wouldn't have taken the loan unless they had plans for the money... right?

I am putting a big X on my calendar for EOY numbers. Q4-11 could be it ... or if it isn't, it could be really close. With this kind of growth, 2012 is going to be our breakout year... finally.


The RB board seems to be out of commission. Oh well.

Raise your ask people. It's all there in black and white.



A1

"This board is about ERFW. It is NOT about me or my opinions." Wrong again... go ahead and delete this because I am stepping on your toes again.

MBs are all about opinions. We know very little about ERF b/c of the lack of info put out in their PRs. Due to the nature of their business, they think it is best that they breast their cards from the industry and the players in that industry. I have no problem with it up to a point.

But ERFW is gaining traction and the vert markets do overlap... at some point, the critical mass will be reached and this thing makes money.... that's my opinion.

So going back to the quote above ... it isn't about you at all... it is only about the opinions of the investors, potential investors and the sore losers that can't let it go when they buy high and sell low.

A1... on the RB board too.

Why the EB dividend? Does anyone have a theory? They could have done an IPO or PP without a stock dividend first.

My theory on the dividend comes full circle to the "$5/share" and "getting listed" theory. Now continuing on the same thought process, if you want to get listed, you need to have a certain number of share holders, depending on what exchange you join. The dividend announced the other day will give EB enough S/Hs to join any of them. EB couldn't just do a Reg D and get listed, they need to have the minimum number of S/Hs. On Sept. 30, EB will have plenty of S/Hs, but will it have the funding. Or have they already got that part figured out?

This puzzle doesn't have a clear picture yet but we are getting some of the edge pieces put together.

How much of the company will ERF retain?

How much money do they need to kick start the EB cash cow?

Will EB pay expenses to ERF for tower leases, MSAs, construction costs, monitoring fees, etc to fund ERF's push into the next major vertical market?

New money... where would you put it now? Buy into ERF or buy the new stock when it gets listed? My hope is that ERF has some northerly movement pre and post EB split. We will just have to trust DC to play his cards in the right order here.

We know they have a plan but can they pull it off?

Does anyone else feel that this plan might be a whole lot better than a RS?

A1

If you are looking to just "get lucky", try 42nd street or Vegas.


A player may put $10M on the table if he thought it'd be worth more ... He wouldn't rub the rabbit's foot; he'd do his homework. People with $10M to spend don't rely on luck to get more... they are likely smarter than the average bear.

Angels like to make 7x to 10x... so let's see if a player buys in.

A1

Think outside of your box...

If you were an investor with $10m to invest, would you buy 50% of a company with it, if you didn't think that the whole company was worth $20m? At that very moment the ink dries, that is the going value or market cap of that company. Once it starts trading the value goes up or down based on the public's willingness to buy and sell that stock...

So your example of ERF is an example of when the retained earnings on the balance sheet are less than the original purchase price... that is what happens to stocks that don't perform. But as trends do change so do balance sheets.

So, for someone who has done a PP, the opportunity exists to peak under the hood and see what the insiders see. If the muscle is there, this baby cruises. Let's see what EBI might have to offer... traction, revenues, branding, and customer orders... and potentially a whole bunch more orders... so if I had $10M, I'd only put it on the table if what I just bought was worth that much right now... I'd set the market price at that minute. Come the very next trade on the open market, that price changes, it goes down if the public thinks I just made a bad deal (or doesn't see the potential) or vice versa... but as the investor, I will wait for the engine to rev with my new capital and let the following 10Ks prove me right. Then the PPS goes up and the $10M is worth some multiplier higher than its original value.

So the question is... if it is the plan to raise money, how much and what percent of the company will they get? If they do a PP, it won't be hard to do the math to see where we are going.

JMHO

A1

I think I count as a long term investor...LOL

I have wrestled with the idea of a new company since it came out...why? why? why?

I can understand the need for more money... cash can buy trailers and ERF doesn't appear to be over the CFP hump just yet... so cash is needed to put more MBTs in the fields.

So why the spin-off company? All I have come up with is the new company brings the opportunity to bring in new leadership. DC has (probably) lost his credibility with new investors... so if a new face is running EBI, maybe they can raise some new money. Nagel is CEO right now... is he the kind of guy to raise some money and get the job done. No doubt DC will be on the BOD, but someone else needs to run the day to day operations of EBI.

A new public company can also set itself up for a $5/share price point which would get it "listed"... is that the goal or a side benefit to this move?

What would really make me feel better is hearing more about what ERF does on its own to become CFP without EBI revenues???? If there is a line of banks or EDUs coming, great! ... how does ERF get enough cash to move forward and develop these other vertical markets?

The front office needs to fill in a whole bunch of blanks.

A1

Does anyone else have an opinion? The more the merrier.

The MC of the new company will be set based on the amount of assets, including cash on hand AND by the potential business the company expects to do in the near future. If $10M is raised for 50% of the company, the investors have set the bar. The company is worth $20M... at least.

A1

The one thing that most people forget is who has the most to lose/gain as ERFW goes forward... the biggest stake holder is DC himself. So at this point, one has to think that this EBI move is going to be a benefit to the present day shareholders, most of which are in for a higher PPS. So if I could be so bold, it seems like a no brainer for the people that are getting in at these low level prices.

Oil prices got whacked with a correction. It isn't likely to go too much lower. Time to realize that we aren't headed back to $40/b. Drilling in the US is profitable and is going to continue to grow... so find some stocks that are going to grow with the O&G industry.

JMHO

A1

dark, let's turn on a light... so let's jump to the spread sheet.

If EBI needs $10M, this is what it looks like if ERF holds on to 25%, 50% or 75% of the company.

--------------EBI's MC-------- value/share added to ERFW
25% -------- $13.3M -------- $0.006
50% -------- $20.0M -------- $0.019
75% -------- $40.0M -------- $0.057


If EBI needs $20M, this is what it looks like if ERF holds on to
25%, 50% or 75% of the company.

--------------EBI's MC -------- value/share added to ERFW
25% -------- $26.6M -------- $0.013
50% -------- $40.0M -------- $0.038
75% -------- $80.0M -------- $0.114

Now the big question is how much do they need to raise and how much of EBI do they need to part with to raise that much?

Here is my stab in the dark, 50% can be sold for $20M... that adds 3.8 to ERF's PPS (something has to be subtracted for giving up a portion of EBI)... net could be 3 cents.

While we are talking numbers, what is ERF's carry forward loss? Somewhere over $45M ... that has a value too. If ERF holds on to 80% of EBI, then EBI can use ERF's carry forward losses right? That would set EBI up for paying no taxes while they ramp up... any accountants want to confirm this use of a write off?

If ERF raises $20M and holds on to 80%, the PPS jumps 15 cents.... 8 cents per share is what their loss is worth. I doubt they can sell 20% for that much money unless there are huge contracts coming.

Last observation, why are the warrants set at $4 and $6? My gut says they will try to kick this thing off at $5/ share to give ERFers a quick hit on their $4 warrant... did anyone else see it this way? It gives them a national listing if the PPS is $5... something to think about.

What is to become of ERF if EBI cuts loose... Nagel continues to run EBI, I suppose... so what does DC do with ERF? Is a SLB payout enough to kick start a campaign in EDU or banks... medical? What does ERF's identity become?

We need the front office to fill in some blanks. Is anyone out there wondering when the new Eagle Ford Network will be complete... a few months ago, didn't they say this summer? The summer started... how about an update?

Looking at the possibilities above, today's PPS and the write-off value...can you say "U N D E R V A L U E D ! " ?

Open for discussion.

A1

So they are splitting the company... EB goes one way and ERF the other... but what kind of relationship exists going forward? Who owns the towers and the patents? Does ERFW get any royalties, or rental fees down the road?

I can't believe that only 5% is going with it unless there is some ownership or revenues left behind? Isn't the EB division the best asset of the company? Did they just cut it loose and leave us with nothing?

Why did they have to split it off at all? What is the point of 2 companies vs one??????

Clear as mud.

A1

Why is the PPS at this level?

Because the sellers are out numbering the buyers.

The volume had been too low to justify any other reasoning.

Are you so sure of yourself to say that it won't return to 5 cents?

A1

Trading volume is eerily low. A calm before the storm or has everyone hit their "iggy" button?

How about some real news like an edu contract? The PR pipeline needs to be re-energized.

A1

Tenor,

Check your wording... "after all of the hype in signing new contracts in the fourth quarter of 10 " If you look back you will read ... "LEAGUE CITY, TX -- (MARKET WIRE) -- 01/24/11 -- ERF Wireless (OTCBB: ERFW), a leading provider of enterprise-class wireless and broadband products and services, announced today that the company's Energy Broadband subsidiary experienced a significant increase in customer requests for service in the latter part of 2010 and these requests are continuing to grow in 2011..."

Requests are just the first step towards a contract... give it a year before these requests turn into revenues.

We need traction in the industry... We need contracts... we need announcements, even if they are nameless... we need the top line to grow significantly... we need to understand how big the market potential really is.

A1

DC did say the contract was worth that much money... I thought it was $120M...

How can I be upset at DC if I don't have the facts? SLB and ERF are negotiating or in arbitration... whatever, one side thinks the other side did something wrong or is owed money for some reason... that is all I can conclude. Once the problem is resolved, we better be updated so we can understand what was the problem and what the future holds.

If SLB was selling the division all along, my assumption is that they were bogging ERF down while they were finding a buyer... so does ERF owe them damages/money or does SLB owe ERF? That is the big question. Could a "reputable" company like SLB orchestrate a plan to bury ERF in shorts and nearly zero revenues in order to avoid holding up to there end of a deal? I want to believe that ERF is going to come out ahead when the dust settles but until then I can only speculate. So who is shorting and why? Is there a connection?


Is there a way that Harris has the contract now, but can't do anything with it until SLB and ERF settle their differences... it would make sense but I have no proof.

A1

No hope? Then why did DC buy 1.5M shares today?

A1

If the O&Gs need no encryption and anyone can do it, then why wouldn't TISD and the others sign an MSA? 9 MSAs for no reason at all b/c Bert says anyone can do it... Surely anyone with half a brain can build a trailer with an antenna on it... so why does ERF have the clients and the local tower owners don't?

The oil patch wouldn't need ERFW if it only took a repeater and a tower to bounce the data off of... So what does ERFW have that they need?

The one thing that Bert is trying to sabotage here... the encryption is key. For all but our local basher... if you were a drilling company that needed to send data to a super computer which analyzes the data in order to direct the drilling bit's direction up down left right... would you want your data concealed or exposed? Would you want a competitor to intercept and use that info to decide if they should be drilling in the same area? Millions and millions of dollars are at stake... wouldn't you protect your secrets if you were drilling?

The trailers have no patents... but the widgets attached to the MBTs do.

A1

Think growth vs income

We need to see the industry acceptance and potential is increasing.

Reveues...revenues...revenues!

The 10K talked about ordering another 168 trailers ... that will increase revenues.

A1

News ... fluff on a Friday

The fluff is starting to stick. Look at that map of coverage. Not bad, now is the network ready for customers? We need more top line news.

A1

GSF is still in the growth mode... listen to the last CC. You can calculate the revenues coming based on the number of units in the field.

2 Units are in the Eagle Ford area... hmmm ... that seems to be where the action is.

GSF and ERF ... in the growth mode. Grab a piece and hold on for the ride.

A1

Frack on... it is boom time. If ERF is writing contracts, we are in good shape. If I remember correctly, the Eagle Ford area was scheduled to be complete by this summer... question is... when it is ready, how many contracts can they stack onto the original one... the more the merrier.

This bit about SLB in arbitration and Harris is interesting... if there is any truth to it. What kind of SLB settlement could be coming... how long will it take... and what kind of money are we talking??? Could Harris be waiting for the SLB deal to be settled before signing any kind of contract?

Bigger question... does ERF have the finances to make a bid deal with Harris or anyone else for the at matter? This is a real concern.

As far as turning the corner, and the debate will continue because there is nothing definitive to stake a case on.... the balance sheet is looking slightly better so let's see what kind of revenue increase there is after the proceeds of the WISP sale are reinvested... it does appear that the over head is lower, so ERF is leaner and more efficient. Q2 will have to manifest an obvious increase in revenues to changes some minds around here.

In a discussion the other day with a fellow ERF investor, we both concluded... today's new investors in the company are the ones who will make out big time.

Frac on... don't forget to check out GasFrac out of Canada... this is the real deal.

Holding on for greener pastures.

A1

News is out...and this company has turned the corner... looking forward to the next 10k.

A1

Guessing that news comes out today isn't a stab in the dark...it usually comes out the morning after a 10k. However, if the news has some meat to it, (something more than the usual BS "we are pleased with blah, blah, blah ), then we should see some northerly movement.

I am interested to see what kind of revenues they can produce with the proceeds from that sold WISP. If the revenues step up like I think they can, it was a great move....fewer employees and higher revs by focusing on O&G...a strategic move in the right direction.

Arb with SLB says that something went wrong with that contract and the 800lb gorilla doesn't want to play nicely. What kind of settlement could it be? That penny stock company posted something around $10m, yeah, that would be nice.

I want to see more traction..new contracts, even if the buyer is unnamed.

The carry forward loss is going to be a bonus once the company starts earning some money...it should be a great second half of the year, rewarding in many ways.

A1

Resistance is now 0.0187

Q- Will the numbers come out in the AM or PM?

A1

Someone correct me if I am wrong... the 45 day rule gets one extra day because it ended on a Sunday... so the report was due on this past Monday... the NT buy them 5 business days which means that they have until next Monday to do it.

Top line or bottom line... which one will be the telltale?

A1

I have no idea if Harris is going to honor the contract or ever do business with ERF... but I did look at the company as a potential buyer and it makes a ton of sense. I continue to look at other communication companies, and I haven't found a better fit yet.

Harris has the multiple markets, the resources, and the global reach to take ERF's technology to a grand scale in a fraction of the time that it would take ERF to do the same.


I find it interesting that the deal SLB made took so long and that it was announced in November... and yet, we didn't get wind of it until just before it was finalized recently... how is it no one on the boards knew? If there was something going on with Harris, it would have started back in November (or earlier); so why was it hidden so well from ERFers... Harris had a dedicated CC about the sale on the day it was announced; so judging by the lack of MB chit chat on the subject, is it reasonable to think that something is going on with the 2 companies (ERF and Harris)???

How long would it take a company like Harris to buy out ERF? Only about as long as it takes to test the patents and do a field test to see that the technology is as promised... 6 months... a year.... does the SLB disagreement have something to do with the delay?

As a long, I am not focused on SLB nor Harris... both are long shots in my book... I am thinking about what is next... ERF needs to be grabbing a larger slice of the O&G communications pie.

Numbers this week... did they close the gap to CFP? Did they at least narrow it to where we can see it's going to happen soon?

More traction... more trailers... more contracts... more overlapping market segments... more efficient... it will finally add up to ... the MORE LIKELY the PPS will trade at a reasonable market value.

MBD's 10 cents this month seems lofty but hey I am all for it...

Best of luck to those that lasted this long.

A1

Harris is the most obvious buyer on the planet... but do they (Harris) know what ERF's technology can do? ERF needs to strut its stuff to catch their eye... but let's get CFP and gain momentum before a buy out happens. We don't want to sell ourselves too cheaply!


Close to CFP in Q1... CFP in Q2... Earnings positive in Q3... that would be the ticket.

Numbers pre-open or after the close on Monday? ... or an extension?

Either way, numbers this week. Looking for improvements...

JMHO

A1

Am I wrong to think that the 10Q isn't due until EOD Monday?

45 days from end of quarter is Sunday, so that gets pushed out to the next workday... right?

If they are CFP, where does.the PPS go?

A1

Tick tock... the count down to the 10Q is winding down.

Good buying action recently ... looking forward to seeing something real. Last quarter was a disappointment ... I hope this one spells out that the company's future is looking bright.


Enjoy the weekend.... I hope your boat is full.

A1

Wish list:

I'd like to see the Q1 numbers come in with $3m in revenue... unrealistically, I'd like to see it come in CFP. At $3m, it is a double over the previous quarter... that should spell out that more good things are coming.

I'd like to see the volume average out to 7-10m per day over the next month going forward.

Still looking for moving day... that will be a 20M share day and some real action that the MMs can't mess with.

Good luck... to all.

A1

So what is the key number for the 10Q?

Is it a bottom line number close to zero? Is it a bottom line number less than a million? Is it a top line number that is the buy signal?

What do the longs see as a serious move in the right direction?

Obviously we would like to see it in the black ... but that is a far away place when you look at the Q4 of last year... so what is the key number that gives the PPS a boost?

Think of a top line number and a bottom line number for each hit...

Single:
Double:
Triple:
Home run:

A1 ... as a PS, I included my own guestimations below but think of yours before I influence you with mine.



Either top or bottom line number... the two aren't likely to go together... so we could end up with a double and a single (or any combination)...
..........top line ... bottom line
Single: $2.2m ____ ($1.0m)
Double: $2.5m ____ ($0.5m)
Triple: $3.0m ____ ($0.0 )
Home Run: $4.5m ____ ( black anything )

JMHO for the sake of discussion. I am looking for a top line number over $3m... that would be a 100% increase in rev, Q to Q... that would "MAKE MY DAY"

We couldn't disagree more... don't try to crawl on board my boat and pretend to be on the same crew.

Is ERF in good shape? Obviously, not looking backwards... but is it in good shape looking forward? ... I am hoping so.

If we need that SLB $$$ to get over the top, we are all on the wrong message board.

$5 Vegas party? That may take a while.


Obviously someone has ZERO class using a dead man's ID. The playground boys couldn't pound any sense into this one when he was younger... either they didn't hit enough or they didn't hit hard enough. I guess we will have to hit him with verbal darts... I like the concept. There are plenty of bad drivers out there to take aim at... we may have to give the old folk a little leeway but at least we would all know which cars to stay away from.

Whoever you are, or you pretend to be... don't respond to my posts. I want nothing to do with you. Waste all the time you have...that is your business... you are really pathetic.

Do I like today's PPS? Not not one bit. But I keep grinding the lemons trying to make something to sell out of it.


Here is my new sign ... "50 cent Lemonade for sale"

A1

One stock picker, called Stockpalooza, had ERF today.

I am sure Bert can have some fun with that name.


The SLB thing is interesting but MBD is point on to look at ERF's future without any money coming in from the SLB deal... if it does, it's gravy... if it doesn't, no worries... business as usual. If I thought that ERF needed that money to get over the top, we would all be in trouble. It could take years to see one penny of it.

I'd like to see some more contracts announced... I really need to get a better sense of that top line. How big a slice can ERF carve out?

Harris would really make my day... they are an ideal candidate to buy ERF out. With their capital and global reach, Harris could make a ton with ERF's technology and business plan.

Q1 numbers are coming soon... looking forward to some real progress on the financials... nothing speaks louder than results.

A1

I think it is fair for Bert to post his response... he hasn't stepped over the line. He wants us to be aware of DC's lack of performance over the last few years... this says a lot about why he posts the way he does.

<<Bert... if you lost your life savings>>

I lost a relatively small amount of money in ERFW before I sold all of my shares. You are well aware of this fact from our many exchanges on the Yahoo! message board. I don't remember... really.

<<you put too many eggs in a basket with a weak handle.>>

My total investment in ERFW never exceeded 5% of my total investment portfolio. Wise move

<<Most people that lose a bunch of money work hard to make it back.>>

I retired ten years ago (in my late forties), and do not have to work for a living. You are well aware of this or should be. Retiring early is great if you have something to do with your time

<<You seem to have a lot of free time on your hands posting negative remarks.>>

I enjoy the benefit of controlling how I use my time. I use very little of it thinking or writing about ERFW - perhaps 20 minutes a week. Further, I believe my remarks about ERFW are constructive. I am disappointed that you find them to be "negative." My posts have saved many former and prospective ERFW investors a lot of money over the years. Your posts, which easily outnumber mine by 3 to 1 have had the opposite effect. I don't keep track of who posts more but I leave you the job of investor watchdog.

<<some of us have averaged down>>

Remember, I advised you not to average down. You were still actively buying ERFW at north of $0.35/share when I publically declared it a 2 cent stock. Have you forgotten? I do recall many years ago having an average that high but you wouldn't believe where it is now

<<The company is CFP, or near CFP, as best we can figure...>>

Not even close. In its next 10-Q, I believe that ERFW will report its largest quarterly operating loss ever. You could be right but we will have to wait and see.

<<The O&G CAPEX money is out there for the taking, more than it has been in many, many years.>>

Not for ERFW. The only capital that ERFW has been able to raise over the past twenty-four months has come through the sale of revenue producing assets, borrowings from Angus at 12% interest, and the sale of newly minted common stock at a few pennies per share (which has resulted in MASSIVE common stock dilution). I was referring to capital expenditures that the O&G companies are investing in new technologies that make them more efficient and add to their bottom line... if we don't see more contracts over the next 6 months, you may be correct again... but the 8th MSA isn't signed so ERF can make their footprint bigger for no reason... hopefully DC has a strategy.

<<I have had patience and the ability to outlast most here>>

Yes, you have been an investor in ERFW for a long time and you have ridden the stock price down to almost nothing, presumably doubling down several times in the process. But is this a badge of courage or of foolishness? Jury is out... I am shooting for 2 commas not just one.

<<but I try to keep a positive, hopeful spin on my investments>>

I am sure that Hand Salsa D. Clubunngler thanks you profusely. DC has more shares than all of us combined... he is working for himself, we are just along for the ride

The key point I made earlier is worth restating a little differently... ERF may be the best buy now that it has ever been.

If CPF is coming soon, the 10Q will give us a clue... if she is going to run, it will be this year.

A1

I thought I missed something... so far are just connecting the dots and making assumptions around here... not much meat or proof of anything.

Volume... volume... nothing will move this without volume. A good 10Q will push a little but it will take lots and lots of daily volume to really make this thing trek north.

A1

EC... so why do you assume that " No business resulted from the deal "... I can't find proof of that ... did you?

The 8-k might not happen until the "settlement"... every penny of which should be spent on more MBTs. I use similar numbers by the way... I trust the Mithra report had that part right.

Feed that cash cow and it will act accordingly.



A1

News...8th MSA and 110 MBTs

Good fluff....connect the dots.

A1

Proof of foul play (and to correct my incorrect input on the subject)

Some asked about why the Bid/Ask doesn't reflect their bid that they had entered... I thought (incorrectly) that the bid/ask only has to reflect the MMs prices to buy and sell their own inventory... I was wrong ... here is the actual rule (copied off of the SEC website)

"Limit Order Display Rule

Limit orders are orders to buy or sell securities at a specified price. The Limit Order Display Rule requires that specialists and market makers publicly display certain limit orders they receive from customers. If the limit order is for a price that is better than the specialist's or market maker's quote, the specialist or market maker must publicly display it. The rule benefits investors because the publication of trading interest at prices that improve specialists' and market makers' quotes present investors with improved pricing opportunities."

I have had many, many too many days here with my bid much higher than what is listed and I couldn't understand why the MMs wouldn't show my offer... the answer is simply ... THEY ARE CROOKS! and they aren't doing their jobs right... they should be fined and suspended.

I would think that ERF's front office would catch on to this and complain to the MMs directly... if nothing happens, the front office should report this to the SEC. There is no flexibility when if comes to fraud. Transparency is the key... there should be no manipulation of the Bid/Ask.



Looking forward to some numbers... and some much higher volumes.

A1

How big is the pie?

I figure if ERF can turn the corner and become earnings positive this year, we are "in the money".

Using round numbers and a bunch of what ifs... in 2012, if the company can earn $47.5M ... that is 10 cents per share. Using a multiple of 10 (low end... it should be much higher for a high growth company)... this works out to $1.00 per share.... that is a far, far away projection from today's penny. But how far down the road could it be?... once over the top and growing in several overlapping markets in the same area, the margins get better and the earnings start to feed the cash cow. This business plan snowballs.

So back to reality... we have a great opportunity to make some money here but we need black ink and an new set of investors. Can DC pull this off? Maybe. I think it is safe to say that this company will always trade below it full potential with DC at the helm. Wall Street doesn't like companies that have one person with too much control the way DC does here. Especially with a resume like DC's... it is a huge red flag to the savvy investors that sift through the crap that lands on Wall Street. Too many shares are in his control for starters. Secondly, he is trying to run the day to day as the CEO. He is a smart guy, don't get me wrong but he isn't smart enough to know that he would make a whole bunch more money if he were to put the right guy at the helm for him. Control freaks with egos don't make it with public companies... that kind of personality is only right for owning a private company.

So ... even with the wrong guy at the helm... can we make money here... I think so... just not as much as we could have.

A1

Take the last 2 months closing prices and multiply each by that day's volume... it sure is drying up.

Good sign or bad sign? ... the jury is out until we see much higher daily volumes. If she goes north, it was a good sign...is she goes south, it was a bad sign and I will consider myself to be the board idiot.

I keep talking about the top line b/c I feel the market potential is huge...really huge. I am thinking that ERF Wireless should become the new O&G industry standard in a year or two. That is a big pie.

Close .0129

Enjoy the weekend with the family.

A1