You can't always get what you want, but if you try sometimes, you get want you need. Rolling Stones
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Even if oil hits $100, there is NO HOPE for ERHC. The share price will continue to fall as PN continues to get paid for running this scam. Why can't something be down?
You should be thankful of SSC informative post. You will save money if you do not buy any more shares of this money sucker. There is no hope. Bankruptcy on the horizon. I feel sorry for anyone who has EVER bought shares in this company. At one time, it had great potential but now it is a scam run by PN so he can continue to draw his salary. It is disgusting that PN continues to get away with it and the shareholders can not stop the con that is going on. The future shares any one buys, the more money down the toilet. ANYONE here that disagrees, please speak up, because this is the way it is, the truth be known.
This PR is a sham by PN to allow him and his buddy SO is suck a few more months of salary that is completely undeserved. Who is is not disgusted by this scam? There is no commercial oil. The company owes way more money than is has. CESPA wants to dump ERHC ASAP. There is no hope at all that this company will somehow be saved. Why does anyone allow this scam to continue?
what a bunch of bull crap!
they puy this out to justify a few more months of paychecks
where is the money coming from???
I think it's time for another reverse stock split. ERHC should do 10,000 to 1 this time so it's lasts more than a few months before the share price reaches triple zeros.
With another split, PN and SO can suck more paychecks out of ERHC, as this criminal enterprise continues for a little longer. DISGUSTING
It is way overdue to do something about PN's salary (also SO). It should be cut in half or paid in ERHC shares or both. The the fact that they keep drawing a salary is highway robbery. This is disgusting.
Is it wrong to consider putting out a "hit" on those two thieves?
I wonder what PN and SO do everyday to earn their salary? I bet they sit around playing video games laughing at the shareholders for letting them get away with milking the company coffers to pay them to still be there. How can we put a stop to this outrageous situation, since they will never have a shareholders meeting? This is disgusting!
Is that really Umbra? Did she appear from the dark side of the moon?
I too no longer has paid subscription.
I Agee its "sad", but the term I have been using is "disgusted".
I have predicted, the company will not make it too the end of the year.
I believe PN and SO are only stalling to keep the company alive so they get paid. Sad and disgusting.
DeGen
Yes, I became impatient with my OPK holdings, based on the delays that have occurred in Rayaldee and most recently the 4kscore test. But, after watching the Presidential debate(s) I cannot see Trump winning although he has my vote. Kramer says that a Democratic sweep in the House and Senate does not bode well for Health care stocks which Opko must be included in. This outcome may occur. For all of the above I sold 30,000 shares today. However, I will keep tracking Opko looking for approvals in the future, and after the election.
I thank everyone here for their informative posts. Keep it up.
I too am disappointed at Opko's failure to respond. I am thinking about selling all my shares until this is cleared up. I bought this stock believing the 4kscore test will vastly help the bottom line and now that has all changed. Kramer says when your basic reason for buying a stock changes, sell it. But, I really feel in tme, this problem will be solved, since I personally believe the 4kscore test is a must and will save on medical costs. The lack of approval is a big mistake, but a lot of time the government makes mistakes and this one greatly affects OPKO.
The post was to emphaaize that for every 10,000 shares you held it now equals only one share. How sad. DISGUSTING. Especially as PN and SO each suck out $1,000 every day for doing NOTHING but stalling.
About a year ago in Sept 2015 I changed my signature that is added to the end of my posts. Then the 100 to 1 reverse split made my signature outdated. However, as time passed, the signature has again become VERY appropriate. That means the share price had fallen 99% in the past year. That's on top of the previous 99% price drop in the previous prior years. I wonder if ERHC can afford to do another 100 to 1 reverse split so the share price can fall 99% for a third time. I don't think ERHC has the funds to do the reverse split, but at least it would give PN something to work on.
$46 in trading today. The end is near.
why are PN and SO still getting paid? What a joke!
For Peter and the gang, it's all about keeping the lights on and the paychecks flowing. IMO the plan is to stall the negotiations with Cespa as long as possible as an excuse to keep getting paid. If ERHC makes it to the end of the year it will take a miracle. We can start using milrays real soon.
After being "conned" into buying the offering at 7.5 cents pre split ( now $0.75) I have steadfastly refused to buy another share no matter how "good" dilution insurance sounded. BTW, I say conned into buying because I bought based on SEO buying as well, which turned out to be a bullshit recommendation by him. The offering turned out very bad for the company because SEO did not participate and when you look back all things considered this was the lynchpin that caused the shateprice to plummet to oblivion. I continue not to buy any shares no matter how low the price goes. The dead spiral financing will live up to its name as PN tries to get funds to pay his salary. What a joke! DISGUSTING is the perfect description.
Delusion Insurance or dilution insurance?
Will the share price ever get over one cent again?
How does one justify paying the outlandish salaries for PN and SO?
For a company valued under a million dollars their salary is absurd.
Their paychecks are bankrupting the company slowly, but surely.
Let's all sit back and watch as PN and SO bleed the company dry!
The word for the day again is DISGUSTING. The share goes below one cent and now is back in the mills, 6 mills, the milrays are sure to follow.
This company and the share price can be summed up in one word DISGUSTING.
I can not say how mad I am at Peter for continuing to be paid his outrageous salary and laugh all the way to the bank as the BOD and shareholders do nothing.
even though the lease details are lacking, it appears to be a good move for the company.
The 45K sf appears to be more than adequate for the HQ. Total employees = 387, but many of those must be located in the manufacturing facility. That should leave space to fill at the HQ over the next 5-10 years.
Real nice looking building by the way, hope the employees like the new location.
Agree always a buy in the low $9s, but we will never see that again.
When the share price dropped under $11 today, i could not resist buying another 10K shares at ~$10.91.
I was going to wait until my real estate investment sold, but seeing this "temporary" drop to under $11, I jumped in today. Still wanting to buy more when the house sells.
The news today indicates that insiders continue to load up on OPKO, doesn't that tell you something? Those guys are not buying to lose money and they know much, much more than us.
Dr. J, if discussions are going on between ERHC and CEPSA, which is likely, what is being discussed is the question. Let 's look what ERHC has to offer CEPSA. Not much, in fact, Peter is probably trying to find a way to delay paying the millions it owes to CEPSA. Peter is looking for any way to delay the payments. The same is true for paying the IRS lien. Peter is looking for any way to delay payments. You see the longer payments are delayed, the more likely ERHC will have enough money to pay Peter 's salary. If you were in Peter's shoes you would be doing the same thing. So, IMO, any discussions between ERHC and CEPSA only involve delay tactics by Peter.
Middy again you thoughts about a future partnership (or lack thereof) with CEPSA make perfect sense. What Dr. J alludes to is only a remote possibility if that. IMO, the only reason why Peter keeps dragging out reporting the dry hole is to keep the company afloat with more death cycle financing is to keep his paychecks coming in. It is only a matter of time when the company folds and Peter is out in the street. Peter will do ANYTHING to keep getting paid. Where will the money come from to pay ERHC debts? There is now way ERHC can pay the millions of dollars they owe.
Let's see, all those that have posted pie in the sky have been wrong, wrong wrong. One has posted facts about all the problems and wrongdoings of ERHC management have been right. Check MTO posts.
Many opinions and facts have been stated about ERHC over the past 10 years. Who has been the most spot on. There is no doubt about it my mind. He calls them how he sees them and that has been right most of the time. All the other "dreamers" have turned out to be nightmares. The share price tells all. Most every criticism of this poster has been wrong,, he has fought back with the truth. Sometimes the truth hurts, especially when it hurts your wallet.
I'm 75% out as well, just holding the shares I regretfully bought at the offering.
I always enjoyed your posts and had you member marked. Your oil knowledge was always helpful. You will be missed. I do not blame you at all since the share price is headed lower and there is little hope left.
Sky, I completely agree that the revenues produced by the 4k score test and Rayaldee will boost the profit numbers so much that the analysts will have to increase their next year forecasts and thus increase their share price estimates. Time is on our side, any shares purchased now or in the past will show great profits. This is a stock you should not trade, but keep accumulating. Although this is my biggest holding, and I should not buy any more, it is very likely I will when one of my real estate investment properties sells.
when the trading volume is over $1,000,000 in one day, that will represent good volume. Let's see, that's 2400 times todays dismal volume.
My finger is no where near the buy button and I hope all here are in the same position, since all here know how bad off the company is. One foot in the bankruptcy coffin.
IMO, the share price will hit 3 cents before is goes back to 5 cents.
Why do you say if this was a dry hole we would have the results by now. That assumption contradicts everything that has happened in the past as far ERHC's management disclosing ANYTHING in a timely manner. Keep in mind how long it took for these jokers to disclose the JDZ results. Or disclose the IRS mess, also outright lying that ERHC had 2+ million IRS CREDIT that turned out to be just the opposite. What kind of disclosure is that?
I am 99% sure this will turn out to be a dry hole and since ERHC has no money to go forward without the drilling being successful, the future is hopeless. Your thoughts are grasping at straws and since ERHC has no money to contribute to a partnership, no will partner with them. Face reality, ERHC is in a financial hole too deep to dig out of.
The reason there is no lively discussion is because there is nothing to discuss as we all wait for the company to release ANY information about the drilling results. We only have the several news reports of a dry hole to discuss since the company refuses to disclose ANYTHING. Unless we discuss all the financial problems with ERHC there is nothing else to discuss.
That price of $0.0043 was an illusion. I tried to sale 2 mil shares (pre split) at 0.004 and had not luck. That price was the ask and no one was buying! The price quickly dropped back to $0.001+ and then the split occurred and went lower from their.
When you have the best knee replacement product, the "good" doctors will recommend it. It is only a matter of time to have sales increase. Patience is the key, over the long run this stock will be sure double or triple from here. Any purchases in the low 8s are steals. I see little if any down side and huge up side.
DeGen
Gremlin, I had to do a double check to make sure I was on the Opko board not the ERHC board when I read your post. Right now I have no cash, but waiting for a house to sell. Then I will look into what I should buy. I love Opko under $9 or even under $10, but right now it's my largest holding and I really shouldn't buy any more. When the investment house sells and if Opko is under $9, I will definitely buy more. I knew this company too well not to believe that it WILL double from here. Too much cash coming in over the coming years. But thanks for the adviice ONTX. I will look into it.
DeGen
Ps: I am disgusted with ERHC for now and sold 3/4 of my shares
Next week my 30 day wash sale period is over. Should I be looking looking for an opportunity to buy back in? My best judgement says wait for the triple zeros which should certainly be before the end of the year. Then we can all start using the term "milrays" again (LOL).
Next week my 30 day wash sale period is over. Should I be looking looking for an opportunity to buy back in? My best judgement says wait for the triple zeros which should certainly be before the end of the year. Then we can all start using the term "milrays" again (LOL).
Emdyal, is that a question on an Algebra test to find "X"?
Emdyal, is that a question on an Algebra test to find "X"?