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...aaanndddd it's gone.
Does anyone believe that 71 million share bid at .0011 is legit or just a part of the MM game to get people to think there's support? I can't imagine someone willing to put $78,000 into a falling SP without some great information.
Prohibited by whom, though? What jurisdiction does the TA have to prohibit such distribution?
But with the share price being up 100% from 10 days ago the money flow has increased even if volume traded has gone down. Right?
Hmm. Seems strange to me that the SEC doesn't have some algorithm to scan stocks and their O/S in comparison to shareholders within a certain standard deviation of the 5% to determine who is in our out at any given moment as opposed to someone having to find out for themselves. I mean, if the SEC knows that the share count was 2.6 billion at the time of his purchase I would have assumed they would reject his 13G on the basis of him not being a 5% owner. Seems archaic if he were to have followed your suggestion of checking Ihub as a legitimate source to file an official SEC document. I guess the SEC just isn't that advanced yet..
So if he filed the 13G assuming the share count was 1.3 billion but in reality the share count is 2.6 billion would the SEC or ERHE not dispute his 13G? Doesn't this validate the 1.3 billion number from quarterly report?
Why'd the text get deleted? Can anyone answer the question I asked Myrup before his posts got deleted? Does the filer of the 13G need to know the outstanding shares before the purchase, or does the company inform them after they make their purchase that they crossed the threshold? Thanks.
I understand your point and I've always valued your posts because you rarely if ever bring your emotion into the points you make. And I believe there's benefit to bringing out the valid points whether they are positive or negative because I think the more informed shareholders are/were the more influence we could have had before things really hit the fan. I however, I do not get why some would post the same "LOOK WHAT YOU'VE DONE TO THE SP PETE" "GET OUT FROM UNDER YOUR DESK PETE" day in and day out. But it's Friday afternoon and the markets closed so I wish you a good weekend!
You got it. Sorry for ruffling your feathers there.
It's uncanny how similar the ADMD and ERHE 1 year chart's look. Except for the fact ADMD has started a recovery, but it shows some promise at least.
Yes, same address. I even copied the one you just referred to just to be sure and am getting the same error message. Weird.
FWIW when I try to get into the site I also receive an error message, but it doesn't mention why it is down.
I actually find the strength of support in the face of all these shares hitting the market today as a great sign.. Some are upset the price hasn't taken off based on this news, but if this is clearing out toxic notes and holding up flat or even a little green I'd say that's a sign of strong hands taking shares. Good base being built it appears.
You were close! Instead of up 50% we are only down 15%.. But no worries, I'm sure the same prediction will be announced tomorrow and we'll give it another shot.
I'd have to have asked you a question in order to ask any others, but no thank you. Keep up the great analysis!
I'm long, avg at .0029 so I'd love to see that but I just think you saying a spread that wide and every day is just pointless. Sure, eventually you'll be right and you'll act like a guru when in reality you guess the same thing often enough of course it'll work out.
Lol that's what you said yesterday.. Keep saying it every day with a range like that and eventually it'll work out for you.
Yes I am, I've been in for a couple of years. Likely a substantially smaller position than most here though as it was one of the first stocks I ever owned. And I made it clear to the receptionist I was a shareholder that was interested in participating in the business and she sounded like I asked for the keys to the building.
It was a pretty emphatic no when I called the office. I was actually quite surprised to actually hear a woman answer the phone, but she seemed quite surprised I even asked. Sorry guys.
Well I can give it a try, I live only about 2 hours from Houston. I can't say I'll be as receptive to what is said as I'm no expert in oil, but I could try and relay the info to all on the board. Can't hurt to try.
That's kind of what I assumed from reading through the conference's agenda. I got a good laugh out of Ntephe's segment title "Uphill Task for Finding Money for Exploration in Africa in Time of Cheap Oil"... I'm sure he's the worlds leading expert in that subject, and it's clear he hasn't found the answer to that yet. Thanks for the insight.
What goes on at large oil conferences such as the one ERHC is participating in next week? I know at many tech and pharma conventions companies launch products or make large announcements to maximize publicity of the PR. Is there any sort of "splash" that gets made at oil conferences or are they mostly educational?
I agree with you, and the insider trading rules are certainly shaky grounds, and as a long term holder of ERHE shares I would love to see more purchases because I've got nothing but time at this point. But in the same respect, I don't think you can look at their purchases as a sign of a near term turnaround.
So let's say we get reporting of more stock purchases from the officers, could we assume that would seriously decrease the chances of a RS? Would them loading up on shares to minimize their dilution be a violation of such insider trading rules?
I understand the positives of seeing company officers buying shares, however, this also signals that there will be no positive material events in the near future... The wait continues, as if we have any other choice.
Are you sure that wasn't an after hours trade? I'm showing a close at .0027 on ETrade. AH on a Friday doesn't mean much.
Okay I understand. Thanks for the layman's explanation.
Again, sorry for my simplicity, but what does it really matter to you or me who owns more shares of the whole pie (considering there are really no investors relations to speak of here we don't have influence any way)? Isn't it your individual stake that should be receiving the most concern, not necessarily the stakes of all other minority shareholders? If Offor takes more ownership as a % of the company, it doesn't mean my 750,000 shares isn't going to still be 750,000 shares.
I am not trying to argue or debate, I am just trying to understand the problem that arises if/when Offor does become the majority owner.
I'm admittedly not nearly as educated on the company as most on this board, but if Chrome does in fact gain majority ownership,why is that perceived as a bad thing? With Offor having invested the money to gain ownership would he not want to increase value for himself anyway and us shareholders simply ride his coat tails? I only say that because it doesn't seem the small shareholders have any opinion or sway right now so what would be the real change? Thanks.
And there is the triple zero... wow.
Unfortunately, I don't think that would even cover the salary!
Massive block on the ask at 6.5million shares from CSTI at .0023. I believe CSTI has a division that manages convertibles. Would be nice to absorb that today.
In most situations the stock will rebound to it's previous price range, and I suspect this to be no different so long as they don't encounter serious legal trouble. So if you bought in at the top of the pump that's rough for you but if you're looking for $.10 or so it'll get there.
Can the notes be converted at any time regardless of the size of the float? Is there any restriction in the agreement stating that at the time of conversion the share count gained can't be over a certain percentage of the float?
Yes, except for your statistics about February metrics, which if accurate and reliable can validate your credibility and position in addition to potentially saving money for some other investors who follow you and your logic.
I can agree with that. But I also believe that regardless of some peoples "worthiness" to receive facts there are many who value accurate information and valid and reliable facts can overpower any opinions of the "fanboys" if and when the facts are brought to light.
Ahh the classic "I know something you don't know and I'm not going to tell you." And this is why this board and most other ihub boards full of are useless pundits just flapping their gums. All this talk means nothing- the markets don't need to be rational, just gotta get on the wave in either direction. But i can assure you that your posts aren't influencing the market or any informed investors for that matter.
My conclusion is based on the assumption that Monday morning Ntephe, SEO and the board come together and decide "screw it, we're in over our heads" and choose to sell the company the shareholders would get more than $.0024 for each share. I truly couldn't tell you what the exact dollar value of our assets are (hence the hiring of Deloitte) but my statement was intended to say my shares I currently hold would be sold at a price greater than $.0024. Still wouldn't make me happy to say I sold at $.007 to a private company, but it's nearly three times more than I'd get selling right now.
I understand what you're saying, I suppose my suggestion is more wishful thinking rather than applicable strategy. I just don't understand the panic selling when there are hard assets worth more than the current valuation, which maybe I just keep reminding myself to sleep better at night, but throw out all the piss poor management and the convertible notes to hold over, even if the company has zero liquidity and can't operate there will be some value to be had that is certainly higher than the $2.5 million valuation reflected right now.