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I feel so good, man.
I sit back, ready for the show that comes up soon.
Hang in there, buddy.
You will find out how that is, I'm afraid.
Your investment strategy has always been a very risky one, I would never dare to enter into such a strategy.
And now some will get it on the chin, hard. I can only say: take it as a man. It should have been part of anybody's risk-analysis.
I will sit back and enjoy the upcoming show. A very modest investment that has the potential to go literally through the roof.
Cheers.
You know what is even more unbelievable than short sellers on a ".0001" issue?
Answer: people, somewhere on the internet, spending incredible amounts of time and effort on issues, while not being stakeholders...
If I have to choose (and I must) between one of those two completely absurd scenario's, I would choose for the first option.
That is the reality that we are in.
I will sit back, have a drink, and enjoy the show that is coming up: the 'fading away show'...
Hahaha.
They DID win the NBA finals… lol
But over here: I see more pigs starting to sweat like hell…
Oh, man, it's been a long time that I felt that good about ERHC's situation.
The Doc.
SSC:
From everything now on the table, it looks like there could be some type of deal for block 4. Maybe it gets completed, maybe not. But considering erhc's extremely weak condition, expectations for a huge cash amount and full carry are not realistic. Maybe they'll get enough cash to turn the lights back on and maybe they'll get a carry similar to the CEPSA deal. But everyone knows how much that was worth to shareholders.
And a dividend? From a company that hasn't been able to afford the cost of complying with SEC filing regulations for over a year? Yikes. Cash needs aside, a company doesn't reward its executives by paying a dividend to all shareholders. It gives stock options, bonuses, salary increases, perks, back pay, etc. But everyone already knows that.
SSC,
And please explain how any deal for an EEZ block can be completed WITHOUT the approval of Sao Tome? Sounds like some made up new-erhe-paradigm alternative rules are being made up once again.
Statements about financials aren't past tense. erhc is pleading for time to somehow get enough cash to pay the cost of filing financials.
(…) since whoever is running the company decided to stop reporting anything to the public.
Like Krombacher says: The key is in following the timeline.
It will come to you... once.
I feel so good, SSC.
What a FADE AWAY company, huh?
It's more of a HEAD FAKE company I would say... hahaha.
Man, Krom, again: fantastic find.
Piggy's will start to sweat soon…
Let's sit back and enjoy
I would not want to be in the shoes of some stakeholders here...
We are nearing some explosive moments…
Real panic will kick in soon...
This will turn out to be a VERY expensive investment for some…
I see a fat lady NOT singing on the horizon!
Oh, man, I love this.
Yeah, ERHC, YEAH!
Some will simply just "Fade Away"... hahaha.
SSC,
Are you sure you read the filing? It's all about how erhc, financially strapped because of lawsuits as described in an 8-k, didn't have enough funds to pay the cost of doing the required SEC filings - and they were and still are in that condition for over a year. So what does that confirm?
Well, I'll take a shot at it.
First of all, no one knows how much time ntephe is spending on erhc, if any at all since whoever is running the company decided to stop reporting anything to the public.
What happened to the constructive discussion about all the money erhc is allegedly spending on legal fees?
The only actual document about legal fees I have seen was the last filing from erhc in the form of an 8-k describing its dire financial condition. Anyone seen anything else since then?
Ah, we'll see.
I'm quite confident in the outcome.
And don't forget: either way this shows the company LIVES, no matter the outcome of this 'prayer'.
Oh, this is really hurting some gamblers, since this doesn't look like a company just fading away into the open universe… at all.
Again, what a great find, Dick.
Again, panic among some here will increase these coming weeks...
I guess the 'Kromafyer' was right after all! Wow, this will hurt some people. What a good find, a sign of life:
https://www.sec.gov/litigation/apdocuments/3-19419-event-4.pdf
This all doesn't sound as the soon to be "just fading away company", on the contrary…
This is a real BLOW for stakeholders who gambled on a bankruptcy for ERHC. Ouch…
Now, I think this is a very valid excuse for not being able to report at all, so we can look ahead with confidence, to the outcome of this 'prayer' by ERHC.
Now what kind of deal do they (we) have in the pocket in regards to EEZ block 4?
We will find out reasonably fast?
How long has the SEC to come up with a verdict?
tia.
The Doc.
Haha, ok, you have my attention.
Wy do you find that not the case?
Elaborate…
I'm afraid I know what you are going to claim: "to do the right thing, fight the shameless pumpers", right?
Fortunately there is no real trading anymore so no need.
Other reasons? Surprise me...
It's all in vain.
The ones who again wanted to buy/add did so already. Nobody can be influenced anymore, either way.
Some gamble on a bankruptcy, others on a revival in any way, shape or form.
What I can say in general is: the more people post, the more is at stake for them.
Do you agree that if people put in 'any effort' whether it be financially or 'mentally'... they are 'per definition' (still) interested in an (any) outcome of the company?
SSC,
I do not have time for these games, sorry.
I don't think that is the case since I believe the stock is going to just fade away.
SSC,
Peter wil not spent his time on a dead company. Why would anybody?
Would you spent any time on a soon to be bankrupt company?
NO, of course not.
EXPLANATION please:
18522
thank you, sir.
SSC,
Peter wil not spent his time on a dead company. Why would anybody?
Would you spent any time on a bankrupt company?
NO, of course not.
Ok, I will get back to you.
One 'in between' question... ok?
Do you agree that if people put in 'any effort' whether it be financially or 'mentally'... they are 'per definition' (still) interested in an (any) outcome of the company?
I don't think we have to provide that list.
I think that ANY lawsuit is expensive for a company that should have been bankrupt already. Both financially and 'mentally' (the amount of energy one has to put in).
Now again: don't try to be overly negative.
The basis for my question is clear to anybody, including you.
Hi Buddy,
Listen, I have a question.
I've read your neverending discussions with Krombacher, question:
Can you add some value to the discussions by being constructive for once?
Ok: I'm pondering as to why on earth those (probably hugely expensive) lawsuits are being carried on by ERHC?
How can you fit those lawsuits in your general (pretty negative) point of view, if everything you claim and radiate is true?
If you can answer that question in a realistic, common sense, manner, we maybe could get closer as to what is going on behind the scenes of this little company, that should normally already have declared bankruptcy a long time ago (right?), but still hasn't…
Do you reckon that the entity behind the funding of these lawsuits, at least has a (serious) financial interest in keeping ERHC alive?
Ok, let's discuss this in a constructive manner please.
tia.
The Doc.
SEC Gives Delinquent Filers a Wake Up Call
https://otcmarketresearch.com/sec-gives-delinquent-filers-a-wake-up-call/
Chapter 11 is not the same as Revoking, unfortunately, SSC.
https://www.investopedia.com/ask/answers/05/delistingofsharesowned.asp
Krom,
I'm NOT selling for what it's worth. And I may be just crazy enough to buy on the Grey Market if prices get really cheap...it's a big big risk to do so if revocation is not far away, but I feel ERHC has a very strong case with the issue surrounding the judge's gag order.
Krombacher
Indeed, who paid for the pretty expensive lawsuits, if it was all in vain.
Common sense tells us that erhc wouldn't have undertaken a battle with Kosmos and won if they were going bankrupt.
One thing is almost for sure:
Either shorters, or Longs will come up as winners within a certain amount of time.
I'm reasonably confident that the longs have a better change at winning in the end.
I wait, in a very relaxed manner.
Aha...
Haha.
Maybe you would have had a good point, if it weren't for the fact that there are people somewhere on the internet, of course not here, that can't explain their time invested in posting on boards about stocks that they perceive as lousy…
The very presence of people like that, somewhere on the vast internet, prove your point of view wrong.
I'm shaking.
Ok, that implies that, to you, ERHC is not real.
Ok, but why post here and not over there? Where it is real?
Hahahaha
I know why. Everybody knows why.
You think they are willing to pay up just to hassle a few posters on Ihub…
Hahaha.
Badog:
You claimed Peter Ntephe is still spreading the word just for fun, right?
I wonder who is paying for those lawsuits, just for fun…?
No Bro, I got you by the …
By the way: Look at the volume and price today...
Wow, ERHC is down TWENTY PERCENT (20%) with 206 shares traded.
Wow... it looks like the Krommafyer is right...
From today:
Well, we've had three consecutive days of closing at $.0005 and today would be the fourth day. If it closes at $.0005 today, short sellers have to remedy margin calls either by buying shares or posting cash.
I bet we close at $.0004 today because shorts will be desperate to keep this from happening.
O my God.
Thanks SSC.
I will sell today, including everything I bought over the past year.
Again, thanks.
Haven't they been trying to do this for several years? Didn't they hire Deloitte etc. to do it with no success when erhc was in much better condition? I wonder why a company with no cash, no shares to issue, a history of not paying partners, a history of not paying the IRS, a non-reporting company, I wonder why they might be having a problem finding a new partner?
Where is the date on this article?
https://www.upstreamonline.com/hardcopy/1791051/erhc-on-hunt-for-farm-out
It's no coincidence that he did not address that post of mine.
We all have to move on, some none-investors will stay here... but the company itself is more important, to keep an eye on.
I'm curious where this will end, probably not in a bankruptcy, otherwise it would have happend already.