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"....pray tell do those ears pick up from Oily?"
speaking in the 3rd person again schugs?!
there are no chips to sell at the moment...phase 1 didn't pan out as expected so there is little value hence the SP. I do agree that if phase 1 would've been good, seo and maybe even erhc would have been gone by now. but no one is going to buy deepwater, sub-commercial gas assets for much more than 13 cents a share right now.
I understand what you are driving at...
and I can't believe you have missed the most obvious joke of all of this...ERHC's cash is going into Exile (and apparently has been going into "exile" ever since they received the money from the free carries).
David just read this, put down his abacus and said "whaaaaaaaaaaattttt??!!!"
At one point, I was all for communication by the company and a growth strategy. Both are all well in good except when you have a management team that is so out of its league and doesn't know the first thing about growing an oil company.
At this point, I am now in the camp that they shut up, stop with these other investments that clearly offer little reward, stop all spending and hiring and just let the chips fall where they may with the JDZ and EEZ. Cease all activities except for the necessary ones (accounting, SEC filing) and just ride out the current assets.
Continuing their current path will result in 0 money in the bank and significant dilution in a few years. These little deals will absolutely have no benefit to you and I as shareholders with such minimal funds to work with. The only thing now at this point that will get us higher is the JDZ and EEZ since we have now blown many, many millions with nothing to show for. It's one thing when you have oil guys running the show, it's another when you have massive inexperience in leadership positions.
Yep - I am still in shock that they are now getting in the business of buying long-shot penny stocks with a market cap of 13mm! Putting money in Stanford looks extremely conservative compared to this latest move. The risk/reward is just so poor that I really can't wrap my head around it.
what? they ran the price up and it has nothing to do with the spread. looks like they bought at the high. At least have a good trader execute your trades...and not just buy like an idiot in such an illiquid stock. You do realize the market cap is like 13mm? ERHC essentially bought a penny stock. (oh and the shareprice tanked the day they stopped buying due to bad news...even better)
I can picture Peter and David taking breaks from minesweeper and solitaire to open their e*trade accounts (hey they have that cool baby) and putting market orders in for a million shares of an illiquid penny stock.
I find it stunning that they bought shares of Exile in the open market when its a very thinly traded name. Looking at historical volume vs recent volume, it is quite obvious ERHC was responsible for pumping up the price and buying at the highs. There are days when literally ZERO shares trade and in the past month, there are sporadic 1mm+ share days!! Un-REAL. Honestly, someone needs to take the keys from these guys. They are lost.
Dave, Pete - BUY LOW, SELL HIGH...not the other way around.
Prices
Date Open High Low Close Volume Adj Close*
May 9, 2011 0.20 0.20 0.13 0.16 1,400,000 0.16
May 6, 2011 0.20 0.21 0.20 0.21 89,000 0.21
May 5, 2011 0.22 0.22 0.20 0.20 192,000 0.20
May 4, 2011 0.23 0.24 0.23 0.23 86,000 0.23
May 3, 2011 0.22 0.25 0.22 0.25 703,000 0.25
May 2, 2011 0.20 0.25 0.20 0.24 1,152,100 0.24
Apr 29, 2011 0.22 0.22 0.20 0.20 183,000 0.20
Apr 28, 2011 0.20 0.24 0.20 0.22 1,800,000 0.22
Apr 27, 2011 0.19 0.20 0.19 0.20 74,000 0.20
Apr 26, 2011 0.18 0.20 0.18 0.19 792,400 0.19
Apr 25, 2011 0.18 0.19 0.17 0.17 107,500 0.17
Apr 21, 2011 0.19 0.19 0.18 0.19 943,700 0.19
Apr 20, 2011 0.19 0.20 0.18 0.19 796,200 0.19
Apr 19, 2011 0.17 0.18 0.16 0.18 400,200 0.18
Apr 18, 2011 0.12 0.16 0.12 0.16 165,000 0.16
Apr 15, 2011 0.12 0.12 0.12 0.12 15,000 0.12
Apr 14, 2011 0.13 0.14 0.12 0.12 384,400 0.12
Apr 13, 2011 0.13 0.13 0.13 0.13 59,000 0.13
Apr 12, 2011 0.13 0.13 0.13 0.13 0 0.13
Apr 11, 2011 0.14 0.14 0.13 0.13 19,500 0.13
Apr 8, 2011 0.14 0.14 0.14 0.14 40,000 0.14
Apr 7, 2011 0.14 0.14 0.14 0.14 0 0.14
Apr 6, 2011 0.15 0.15 0.14 0.14 81,700 0.14
Apr 5, 2011 0.14 0.14 0.14 0.14 0 0.14
Apr 4, 2011 0.14 0.14 0.14 0.14 0 0.14
Apr 1, 2011 0.14 0.14 0.14 0.14 70,000 0.14
Mar 31, 2011 0.16 0.16 0.16 0.16 8,500 0.16
Mar 30, 2011 0.15 0.15 0.15 0.15 500 0.15
Mar 29, 2011 0.14 0.14 0.14 0.14 0 0.14
Mar 28, 2011 0.14 0.14 0.14 0.14 0 0.14
no 8-K or additional PR??? really??
mz157:
Thanks for your note. A disclosure in an public conference call such as today’s is an approved form of disclosure. I don’t know whether an 8-K will be filed, but my understanding from compliance attorneys is that a filing is not necessary since the disclosure was made during today’s conference call.
Sorry you had difficulty understanding. Peter had an echo in his earpiece that was causing problems (I didn’t know about that). I’ve posted the script on the ERHC website (http://www.erhc.com/en/art/178/) for those who had difficulty understanding.
I’m interested to know more about your ideas for a different format.
Sincerely,
Daniel Keeney, APR
DPK Public Relations
DFW: 214.432.7556
Houston: 832.467.2904
E-mail: dan@dpkpr.com
Web: http://www.dpkpr.com
Twitter: http://twitter.com/dpkpr
Blog: http://www.danielkeeney.com
Hey you sent me that PR - what happened?! thought such good news would move the stock UP not DOWNNNN. wonder why?! hmmmm.
Africa Gold now silent...another P&D attempt? At least it wasn't as successful this time around...only able to get it up a few cents. As I have said before, this stock is officially broken. There is 0 excitement around it and no conviction to be a buyer.
So we are to believe conspiracy theories instead and ignore the US Military and it's elite soldiers? I hear OBL is hangin with Elivs right now.
(shaking my head)
ps I join the majority of Americans who are quite proud of the American Bad*sses who took him out. Just read a story about the SEAL Team Six...amazing...as it was put by someone:
Seal Team Six is one of the most extraordinary military teams ever formed. Every member a lion, hand picked from hundreds of applicants, undergoing years of the most intensive training imaginable. Imagine a person w/the intellectual ability to outperform at the most challenging graduate schools; an athlete w/the abilities to perform on a professional sports team; a specialist who has mastered weapons, explosives, communications, tactics, medicine, etc...
Imagine a fellow who can function under the most stressful conditions, who will always place the well being of his teammates ahead of himself; and someone whose motivation is never fame or money...
The selection process is excrutiating. The training is beyond description. I've had the privilege to meet and work w/some of these fellows. They are giants. We should always be grateful and never forget...
AG - anything new on this or are we another victim of an attempted pump?
Transparency and Africa/Nigeria are the equivalent of oxymorons. If you think there is pressure from Nigeria and other Africans for transparency well then...
looks like the pump is on...
you were one of the few guys I used to look forward to reading on this board! Hope you are right! Thanks for sharing.
mz157:
Yes – during the call there an opportunity for participants to ask questions.
Sincerely,
Daniel Keeney, APR
DPK Public Relations
DFW: 214.432.7556
Houston: 832.467.2904
E-mail: dan@dpkpr.com
Web: http://www.dpkpr.com
Twitter: http://twitter.com/dpkpr
Blog: http://www.danielkeeney.com
-Still talking about taking advantage of other E&P opportunities?! That's only been in there for about 4 years with zero tangible results. Hiring more people to sit there and do nothing and collect a nice paycheck. PN and the guys must be kings of minesweeper and solitaire!
-Totally botched job on the AIM. ERHC's history isn't exactly complicated.
-What should be our crown jewel (the JDZ) is buried in this report with nothing new. Sad.
Edit: I do like the CC idea. Can't wait to hear the fireworks.
Totally agree TOB (just saw a pig fly by the window!).
no it doesn't. 13D's and 13G's (what FAB would have to file) are totally separate than the forms that officers need to file and fall under different rules and regs. ERHC's auditors and possibly NOMAD at a later date pointed out the errors and they corrected them. that's it. nothing more, nothing less. Stop chasing shadows.
according to EM's link, it's not real silver. Still an AWESOME car.
stinks when facts get in the way of a good conspiracy:
If memory serves (can't look it up in current situation) public companies only report shareholders of 10 percent and greater in their filings. We used to report down to 5 percent, but if I remember correctly, it was pointed out (by a shareholder BTW) that 10 percent is the correct cutoff. So if you say a shareholder is not listed, it is because they don't hold at least 10 percent of the Company's shares. But what I was referring to with the reference to SEC filings by the SHAREHOLDER who holds 5% or greater if they trade shares. If you don't see those filings, they haven't traded their shares, presuming they file as required. That's not an ERHC responsibility - it is a shareholder responsibility.
Daniel Keeney, APR
DPK Public Relations
exactly - totally agree - I am simply calling out the conspiracy theorists who are spreading false info.
note though that 13G and 13D filings are much different in terms of passiveness and timing.
No absolutely not. And my biggest hang-up is you posting these types of things to the board that are outlandish opinions stated as fact.
Seek - of course you missed the point. But it's very simple, you can't draw such a conclusion and state it as fact on such a weak source. There is no proof that FAB broke up it's shares and there is absolutely nothing in that article that would lead one to believe that. There have been no filings to show otherwise. You are doing the equivalent of chasing shadows.
vine - it was from me. DK said ERHC will no longer be listing holders under 10% on the 10k's. The last he knew, FAB still had all shares in tact.
exactly - we don't know so you absolutely can't draw that conclusion. You do realize that a small nigerian entity does not need to file anything?? I will repreat...you absolutely can't draw the conclusion that FAB broke up it's shares just because you don't know who other smaller companies may be.
Also, they obviously had a huge typo with the 2.5mm shareholders comments. How do you know there wasn't a grammar error or wording typo with that line...it does read pretty strangely? They could have just meant a number of companies and individual...not just limited to Nigerians.
Point? The point is that you can't draw such a big and important conclusion based on that. I call that conclusion a microcosm of a larger posting history.
"remaining 8 to 9 percent is held by a number of individuals and companies"
FAB = 8.21%
Other Nigerians:
PN - 600k+
Uzoigwe - 265k
Friday - 85k
Sylvan - 50k
That right there is 8-9% and all nigerian's/FAB.
There could also be other small nigerian entities/holders that haven't filed since they don't need to if not over 5%. How you can draw the conclusion that FAB broke up its shares on that line is laughable at best.
Talk about twisting words...opinions as facts. MO
I have NO idea how you can draw this conclusion that the 8 to 9% was broken up??? FAB owns 60mm+. Julius Baer has 1.1mm. Insiders such as PN and Jeter own another 1mm+. There is your 8 to 9% right there and it does NOT mean that FAB shares were somehow broken up. Keep posting opinions as facts though.
TT - this is case in point as to what I was referring too.
so the average shareholder holds 295 shares? That number is clearly way off.
edit: actually its about half 295 when you factor in the insiders.
well the info has been public since a few days ago...ERHC NEEDS to put something out. I am sure you have another excuse though for these guys.
thanks king....sucks but thanks.
Hi TT - I disagree with the "good poster" comment. Far from it actually. Nefarious agenda and presentation of opinions as facts. and for the "bashers"...I consider them realists with the exception of some of the few obvious ones (pongo, coffee).
of course...as suspected.
care to share? or is this just another "IMO". I guess your opinions increase with age as well? personally, as a young whipper-snapper, I like facts.
vine is correct.
SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13D
Under Sections 13(d) and 23 of the Securities Exchange Act of 1934 and the rules and regulations thereunder, the Commission is authorized to solicit the information required to be supplied by this schedule by certain security holders of certain issuers.
Disclosure of the information specified in this schedule is mandatory. The information will be used for the primary purpose of determining and disclosing the holdings of certain beneficial owners of certain equity securities. This statement will be made a matter of public record. Therefore, any information given will be available for inspection by any member of the public.
Because of the public nature of the information, the Commission can use it for a variety of purposes, including referral to other governmental authorities or securities self-regulatory organizations for investigatory purposes or in connection with litigation involving the federal securities laws or other civil, criminal or regulatory statutes or provisions.
Failure to disclose the information requested by this schedule may result in civil or criminal action against the persons involved for violation of the federal securities laws and rules promulgated thereunder.
My guess is that the bank wouldn't be that dumb to face such potential penalties especially with the alphabet soup gang already looking into other ERHC stuff.
great post. there are way too many reasons to keep a public entity.
agreed - his wealth is highly inflated on here.
sorry - a filing would need to be done for that.