You can't always get what you want, but if you try sometimes, you get want you need. Rolling Stones
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Since the share price has doubled, is it time to give PN and SO a raise? Maybe they should be paid in Erhc shares instead of milking the company of its limited cash. Yes, paying those guys in shares is a great idea!
It looks like NGAR is being swallowed up by Cambria. It looks like two good things will result, the "black" name of NGAR will be changed and the new management team will not include PN or SO. I never liked the "N" word anyway. That "NGAR" was probably another one of PN's stupid ideas, that indicates he just was thinking or is just stupid. To quote Forrest Gump, "Stupid is as stupid does". Yes, Peter, STUPID, STUPID, STUPID!
Looks like another day at one milray for the share price and another weekly paycheck for PN and SO. Does any one believe those two deserve ANY pay for what they have done for/to Erhc? I believe all they do al day is to try to think of ways to continue sucking money out of this company. IMO, it's criminal.
Any post that revealed the truth about Erhc management or comments that that truthful posts here have held the share price down were misinformed. Those posts revealed the truth over and over again. What some content is to hide the truth and have the share price go up because people who don't know the real facts will buy the stock at a higher price that is not justified. Some want fools to buy shares at a pumped up price that will only fall in the future when the truth about erhc is revealed. This position is VERY unethical and any and all untruthful pumper should stop posting it here. You know who you are!
I wish my loss was only $85K. I sold all my shares (except those I bought on the offering) about a year ago. My remaining shares are worth 50 cents. Selling now is not worth it unless you can offset gains, which may occur on other investments (stocks, real estate, a business). Best now to wait it out and see if you have gains. Most here are waiting it out to the bitter end. Also, you might have trouble selling at one milray as buyers are few and far between. The end is not far off 2-3 months at best. Do not buy any more shares, you will be throwing the money away.
I would like to see the smile on Peter's face when he cashes his paycheck this week.
Do you think he is worried about the future paychecks?
His primary function now is to see how he can continue to get his salary paid while not paying any other bills.
No chance of a reverse split as that would use up funds that could go to paying Peter's salary.
Thanks King, I really appreciate your help.
Hey guys, I need some help with the date of the offering. I am working on my taxes and need to look up the date I bought the offering shares. I don't want to have to go through months/years of brokerage records, so I would appreciate it if someone posted the date of the offering. Thanks in advance.
DeGen
My TDAmeritrade account shows $0.0000, not even one milray.
DeGen
Ps: there is no monetary denomination less than one milray, what a shame since Erhc shares qualify. Maybe it should be called a PNSO to celebrate those who got us here.
IMO, peter is not paying any bills. He is saving all cash for his salary (until it drys up).
Anyone believe Peter deserves to be paid this week? All he does is hide under his desk to
Avoid the creditors. What a bum!
Let's get real, as soon as there are not funds for Peter's paycheck, he will close the doors and look for another company to suck money out of. There is no way any more money can be raised, no way, no how. Peter will not even spend any money on another reverse split, as it would take "his" money away. This situation is so sad, its pitiful. I believe ERHC is not paying any bills at all, all money is being saved for Peter. By my definition he is a thief!
over which event is one more excited over?
Come Monday, to see if ERHC is still trading or tonight's Superbowl?
I like the Pats -3 and under 56. and yes I have 2000 times more bet on the Super Bowl, then my ERHC shares are worth.
The share price is One milray and cannot goes below one milray. What a buying opportunity (sic)!
1 milray! Where can it go from here. I do not believe PN will spend the money for another reverse split, as he would rather use any cash left for his paycheck. Go Pete, Go! (Fill those pockets)
Some train wrecks occur, some are just a myth. Okpo is on track to double in the next year or too.
The lights may be out but the electricity to run the PN's paycheck printing machine is still on and will remain on until he sucks every last bit of cash out of Erhc. This whole situation is outright criminal.
From the 10K:
As of September 30, 2016, the Company had a total of $13,066,042 in short-term obligations. These short-term obligations include accounts payable of $9,273,608, account payable – related party of $100,438, income tax payable of $2,739,607, $181,535 in convertible short term notes payable and $770,854 of short term derivative liability.
Cash on hand less than half a million, no income coming in. Time to turn out the lights, this party is over.
DeGen
From the 10k:
As of September 30, 2016, the Company had a total of $13,066,042 in short-term obligations. These short-term obligations include accounts payable of $9,273,608, account payable – related party of $100,438, income tax payable of $2,739,607, $181,535 in convertible short term notes payable and $770,854 of short term derivative liability.
Cash on hand is less than half a million.
The company is in BIG trouble.
Thanks Middy, it appears PN will do anything to keep those paychecks rolling in.
I see I have missed over 400 posts on the other board. Did I miss anything important? I thought some filings were due at the end of December. Any filings posted?
This must have been a secret presentation since there was no PR to announce it and no one here knew about it. I bet it never happened.
Except for a few faithful buyers of ERHC stock, most here will never buy another share (me included). These non buyers are in the vast majority but remain here basically for entertainment value and to warn off other potential buyers by stating the FACTS about how bad off the company is. Most long time holders have had the investment decrease by over 99% and now is hardly worth anything. Most of My hundreds of thousand dollar investment was sold for under a thousand dollars and my remaining shares all from the offering are worth under $5. I continue to read and post on these boards just to see how this is going to end and try to stop PN & SO for continuing to suck their outrageous salaries for the company coffers.
Except for a few faithful buyers of ERHC stock, most here will never buy another share (me included). These non buyers are in the vast majority but remain here basically for entertainment value and to warn off other potential buyers by stating the FACTS about how bad off the company is. Most long time holders have had the investment decrease by over 99% and now is hardly worth anything. Most of My hundreds of thousand dollar investment was sold for under a thousand dollars and my remaining shares all from the offering are worth under $5. I continue to read and post on these boards just to see how this is going to end and try to stop PN & SO for continuing to suck their outrageous salaries for the company coffers.
Share price 4 milrays ($0.0004) and continuing to fall. How do PN SO justify getting paid their outrageous salaries. Something must be done the stop this thievery!
Share price now at 5 milrays with little hope on the horizon. Whoever is buying or who HAS Ought is going to lose money. That you can take to the bank. 180+ unread posts, what am
I missing? HAs erhc announced another 100 to 1 split yet?
DeGen
I have several lifetimes of tax losses from the sale of 1.5 mil (pre split) I sold several months ago. I do not need to sell the remaining $5 worth anytime soon. Plus I remain a share holder and can attend the annual (sic) meeting each year to throw rotten tomatoes at Peter for all his "great work"
Jcanada, I concur wholeheartedly with you reasoning. I am doing the same thing, even though I still own the shares I bought on the offering (500,000 at that time, $37,500 in dollars). This $37,500 is now worth under $5!!! The stock price has hurt everyone, while PN an SO continue to be paid $1000 a DAY for running the company into the ground. How can this robbery be stopped?
Peter's pockets
Middy, to elaborate on what you said. Professional Gamblers try to beat casinos by outwitting them at their own game. The casinos believe that each game has a vig to compensate the casino for being the house. The vig on the games vary but there is always some vig. A sharp gambler knows enough to look for a very low vig in a game that has "bonuses" to overcome the cost of the vig. Whenever the house offers these bonuses the gambler will play because now he has the advantage. If there is no bonus, the sharp gambler will not play.
Professional stock investors do the same thing, trying to outsmart the market. This is easier to do when the vig is low like on stocks on the major exchanges. (less than 1%) However, on the pink sheets when the spread between the bid and ask is 20%+ it is IMPOSSIBLE to overcome such a huge big by the "house". An example of this would be ERHC where the bid is 10 milrays and the ask is 12 milrays. One would start off 20% in the hole buying at this spread. So the share price would have to go up 20% just to break even. Making any money under these circumstances in virtually impossible in the short term, so day trading stocks like ERHC is a no win situation, because of the high bid/ask spread. Anyone that says they can do so is not being truthful.
I agree that erhc has a negative equity and BK is coming soon.
There is no support level for this stock, unless the pumpers bring in more
Troops. Then that will only last a short time as the note holders continue to dump millions of shares.
Today the SP closed at one mill or 10 milrays. Very close to triple zeroes, which we will undoubtably see next week. Those note holders are relentless in their dumping of shares. One wonders where the new buyers will come from once this new group of pumpers gives up..
PN & SO continue to suck their outrageous salaries from the company coffers. If that isn't criminal, I don't know what is. But I don't know how to stop the theft of company funds. Does anyone?
I see milrays coming before the end of the month. No matter how many newbies buyers show up the Note Holders will have millions more of shares to dump to appease the buyers appetite.
Hunter how did you get over 3000 followers? Are you the next coming?
Hunter, this stock is one for the books. Its so cheap now how can you go wrong. GO EHRC, RAH RAH RAH.
DeGen
Ps: only a degenerate gambler would buy this stock:
I think we have given the pumpers over on the other site enough warning that erhc is a no win stock and they will lose money no matter how much pumping they do. Let them do their thing and try to "revive" the share price. We know it aint going to happen. Let them lose their money like we did. We tried but they think they can do something, so let them believe in fools gold.
manuel, leave hunter to his own demise. No matter how much pumping he and his boys do, there is too much drag from the note holders. It is virtually impossible to make money day trading this stock as it continues to fall and if you buy at ask and sell at bid, the spread will kill you.
manuel, leave hunter to his own demise. No matter how much pumping he and his boys do, there is too much drag from the note holders. It is virtually impossible to make money day trading this stock as it continues to fall and if you buy at ask and sell at bid, the spread will kill you.
Not a 9x bagger, you will just be a bag holder (and the bag will be empty)
OLDOIL, it is very easy to figure out what is going on behind the scenes at ERHC. Let's state first the ERHC has no money, otherwise they would not keep selling their sole to the devil at usurious rates. Let's state ERHC owes CEPSA millions for the drilling expenses per the contract. Let's state ERHC owes the IRS millions per their own PR releases.
So what they are doing behind the scenes is trying to figure a way out of this situation, when there is none. So, ERHC puts on a full court stale (Dr. J would understand) to continue receiving his pay check until this situation collapses around him and BK is filed. It is just a matter of time. Behind the scenes PN continues to stale and raise money anyway possible to keep his paychecks coming in. Even is oil in found tomorrow, ERHC has no money or credit to get it to market and nobody to partner with to get them help with their dire situation. Try to understand and accept the truth.