You can't always get what you want, but if you try sometimes, you get want you need. Rolling Stones
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You may be right, but I feel very safe "holding" opko and sitting back and waiting for the pretty likely double over the next year or two. This is the way I invest, find a good company with a good future and sit back and wait for the rest of this investment community to catch on. Opko is a hidden gem right now, and will be discovered very soon.
I do not mind the share price sitting (resting) in the low, low $10s (or hi hi hi nines). As time passes, more and more income will be roll in from the many sources especially the 4kscore tests. As cash flow increases with each quarter reported, the share price will reflect this and begin its rise to $15-$20 in a year or two. Patience is the key. As long as the share price doesn't fall into the low $9's we are okay. If is does, this will be another buying opportunity.
DeGen
Global oil,
Just wait for for the upcoming quarterly report that probably will contain absolutely no good news and very likely bad news about the IRS, lack of cash to pay bills, drilling results, printing millions and millions of shares for financing, etc. The dreaded "on going concern" may appear, the possibility of filing bankrupy looms.
Under one cent (or triple zeroes) is VERY likely. The chance of ANY good news, like oil being found is VERY slim. Let's see who right in the next few weeks.
Middy, your last post makes so much sense, everyone should read it three times.
NO LEAKS ABOUT FINDING OIL EQUALS NO OIL.
There is no way everyone involved in this drilling would not buy some ERHC stock if they knew there was oil. Too many people to keep their mouths shut and not even to tell close friends and relatives that oil was discovered. The falling share price and lack of volume speaks VOLUMES (pun intended). As more and more time passes the chance of this drilling being announced as a oil discovery gets slimmer and slimmer. In fact, we are real close to NO CHANCE, if not there already.
Over the next few weeks, the share should fall below a penny and into the triple zeros. Yes, this really disgusts me, but let's face reality. NO OIL.
My funds cleared last night, so I bought 10,000 share at the open today on a market order ($10.15).
Very pleased with owning lots of OPK!!!
DeGen
ps: my prostrate cancer has been removed from my body and I am now cancer free.
I can not stand this new face of IHUB. The screen has an ad on the left side that I can not remove. The ad covers the post unless I move to the very bottom of the screen so I can read a few lines of the post at a time. I admit I no longer have the pay for plan as of a month or so ago, but this is the first time it has been so difficult to read a post. Anyone having this problem? Anyone figure out how to delete the ad?
Unless things change, I will not be keeping up on IHUB anymore.
I can not stand this new face of IHUB. The screen has an ad on the left side that I can not remove. The ad covers the post unless I move to the very bottom of the screen so I can read a few lines of the post at a time. I admit I no longer have the pay for plan as of a month or so ago, but this is the first time it has been so difficult to read a post. Anyone having this problem? Anyone figure out how to delete the ad?
Unless things change, I will not be keeping up on IHUB anymore.
I plan to double by 10,000 share position as soon as my funds clear this week. The upside potential far outweighs any small downturn that may occur. I can't image going at low as $9 but really feel never under $10 is more likely.
DeGen
Doc, that figure 99.97 rings a bell. I believe that is how much my mid six figure Investment iin ERHC s down. What a coincidence!
After, reducing my share count by 75%, it is hardly worth following this lame company any more. All is does is disgust me, but worst of all my wife will NEVER forget and looks for opportunities to bring it up and there is nothing I can say or do.
I picked up another 5,000 shares at a shade over $10 this AM believing the SP would never dip below $10 again. Especially if a good Q report comes. After reading it I am not sure how good the Q report is. It appears okay, but does not knock your socks off. The cash is just starting to flow in, so we may a few more quarters to really shine. Never under $10 again!!!
Ps: it appears after hours trading is confirming this
OPKO mentioned on Kramers Lightning round. He gave a quick ok to Frost.
For some time now, no one has complained about the outrageous salaries paid to ERHC's management. Don't you think its WAY past time they started cutting back on salaries? WTF do they do all day to justify such money?
PS: OPUS1, does this post count towards driving the price down, or is this constructive criticism on a problem that should be addressed?
Does anyone why ERHC's management has not taken a cut in salary yet. What are they doing to justify their present salary? The company is in desperate need of cash, and they continue to drain the cash like there are millions in the bank. I predict bankruptcy in the next few months as well as "going concern" warning in the next quarterly report. The share price will be lucky to hold one cent. This is being totally realistic and straight forward. It is what it is. Depressing!
Middy,
I recently purchased a 22' pontoon to cruise around the backwaters of Naples and along the Gulf Coast without going to far out to sea. The 60hp 4stroke Mercury moves the pontoon at a nice place while the 14 person capacity makes it a great party boat. Two outings over the 4th were very enjoyable.
The only problem is that the boat has yet to be named. My wife would never allow naming the boat anything to do with ERHC as that is a very sore point between us and I do not need anything to remind me of ERHC. Although I lost a great deal of money on ERHC, fortunately this loss did not change my life style in my retirement.
DeGen
Good idea, bmu. Good chance I will do the same thing. My guess, the share price will be way lower in 30 days.
I am in the process of selling some real estate and expecting a nice return. I decided to sell my original purchases in ERHC, all of them except the offering at $0.075 (pre split). My loss is HUGE and now its official since the sale went through. Although, the loss offsets the entire real estate gain (and will for several future real estate transactions), the loss still hurts and leaves me with a very disgusted feeling about ERHC.
One might ask why is there so few trades and why are there so few posts?
Everyone is disgusted with the situation. No communications from management.
Why sell when your down 99%? One more percent is no big deal!
Why post when management can't update you?
Is there anyone here who is not disgusted with the situation?
There is so little hope left, one just wants this soap opera to finally end.
Say goodnight David, say goodnight Chet, for those that remember.
This price under $9 is a steal! Brexit will blow over this week and the market will recover somewhat from where it is now. Look for 400-600 points by the end of the week. You are correct this Brexit it WAY OVERBLOWN
After getting completely out on May 5 at $9.5. I believed the share would not move until the govt approval was granted in the fall. I was wrong on two fronts. The share crossed $10 without approval and went higher after approval. Now, with the Briexit bringing the share price back under $9, I jumped back in at less then what I sold in May. 5000 shares at $8.96
DeGen
For the first time in several years, I I completely out. Sold my 10,000 shares for a nice profit. IMO, this stock will tread water for the next 4-5 months, when I will be getting back in. Yes, I believe in the 4kscorce test, but that is still in its infancy and the real money will be coming in later in the year. I will be back, but for now I wait on the sidelines.
As a current patient of a urologist, during my recent visit I asked my doctor about the 4kscore test. He indicated his office (the largest group of urologists in Naples) now uses the test on a regular basis. If you recall back a year or so ago, he never heard of the test until I demanded he have it done on me. At that time, the test was not covered by insurance and I paid for it myself. He indicated the test is now part of most patients exam and considered necessary in the diagnosis of prostrate cancer. This is quite as change from just a year or so ago.
Ps: On a personal note, the 4kscore test results were bad and I had to under go many radiation treatments to cure the prostrate cancer. I am presently cancer free, but have some unpleasant effects from the radiation treatments.
The first thought that came to mind was, I hope the person relaying that info was NOT Big Jane.
The second thought that came to mind was that I wish I had some cash to buy some of those 5 cent shares at the share price should be much higher when drilling is announced real soon.
I agree, sh4dow. This company will continue to take market share from the bigger knee replacement companies because CFMS has the better product. This information will spread throughout the medical community and cause sales to increase. This is inevitable! There is no reason why the share price is below the IPO price. The dark clouds created by political hype has caused medical device companies to not be wanted by the market. This temporary setback will soon go away as the election rhetoric concentrates on other matters (hopefully).
DRILLING DRILLING DRILLING
Don't you guys realize its 20 days before the scheduled drilling and the company is silent? Very strange! I bet on March 31 there is an announcement about the delay in drilling. That proposition is a heavy favorite, you can bet on it.
Side, although these morons deserve a class action suit for their incompetence, if it ever comes about it will only cause the share price to go down and be paid for with company funds. It is a no win situation for shareholders.
Middy, I am is full agreement about many of your statements.
I believe most shareholders agree with you but few remain here as they have bailed because of the reasons you post (incompetent management in so many ways).
I agree this IRS situation where management failed to disclose YEARS ago is the most blatant violation of SEC rules to date. I agree there have been many other questionable times when management failed to disclose information when they should have. If those here that still believe completely in management, they need to wake up to reality and realize how outrageous what management did failing to disclose the IRS situation for months, and months and months and even years. Management had to know how this IRS thing was going to turn out for quite some time, but said NOTHING! In fact what they did disclose was actually deceitful, if not an outright lie. This IRS situation was not small potatoes, it involved millions of dollars, more than the company is now worth.
I agree that management should be informing the shareholders with an update on how this IRS thing is going to be paid or exactly what is going on at this moment.
I agree that management should be informing us with daily or weekly updates on the drilling progress, especially the funding of ERHC's share of the costs.
Who here disagrees with the above thoughts and why?
NOBODY should be defending management after this IRS screw up.
The thing that really puzzles me is why PN and SO were buying shares when they had to know about the IRS situation. The only reason that is possible, is they were doing it to keep their paychecks rolling in and did it to fool the market to believe they had confidence in the company.
OC, then why is the share price trading under a dime? (very close to all time lows!)
Could it be the IRS lien? Could it be that the company is running on empty? As is no cash.
"Opening transactions for this security are not being accepted" is what TDAmeritrade says when I try to sell erhed ( to sell 10,000 shares at $0.41.).
I bet NO ONE will be able to sell any shares by any broker in the $0.40s today or in the near future
No trades for a week or so, that should really built up demand (lol).
good night fellow airheads!
Just a comment about the new stock symbol. It looks like one could pronounce it "airhead" as in one has to have been an airhead to have bought this stock between 6 months and 10 years ago. Those who caught the bottom and have not sold yet , may have another chance to buy at those all time lows.
guns, i don't know where you live, but here in SW Florida we are doing quite well. unemployment is truly very low and jobs are plentiful. As far as the economy and OPKO, most people who want to have the 4Kscore test no matter what. this new profit item for OPKO will start helping their bottom line no matter how the economy is doing. Health care should be the least effected by a poor economy. The share price has been down for all the wrong reasons and should definitely recover vert soon. these prices in the $7s are the buy of a lifetime. one could see a double by the end of the year. If you wait, you will miss out.
The share price is artificially too low. There is no valid reason for the share price to be under $10/$11. These prices in the high $7a represent a raging BUY BUY BUY. I personally just picked up another 4,000 shares at $7.70. This should be my best stock for 2016, but time will tell.
DeGen
My projections may be conservative or as you say "low", but this is still a speculative stock with its ups and down. Look, today the SP fell below $11 which I thought would never happen again. Yes, the revenues will start to flow, but that's still in the future and until this money is booked, it's speculative and the market will treat is as such.
IMO, the share price should not fall back from this $11 range. I believe in a few months the share price should range in the $14s which was a nice plateau reached earlier this year. Getting back the the $17s, the high for the year will take a bit more time, maybe by the end of next year. The future looks good, especially as the 4Kscore revenues start kicking in. The test has revolutionized prostrate Cancer detection and will spread like wide fire worldwide.
The share has worked its way back to the triple zeros (milrays) as the reverse split looms. Is this another opportunity to get dilution insurance? I think NOT, as this cost of this insurance and the share price should continue to go lower as Dec 15 approaches. The extremely low volumn also shows the lack of interest in this sub penny (actually now sub mill) company with little cash and no income.
Also, watch out for end of year tax loss selling, which may bring new all time lows. Yes, UNDER 4 milrays.
Since the share price has fallen below the one cent mark and into the mills, then fallen even further into the milrays, NO ONE and I mean no one on the board has used the term milray in referring to the share price. Some have used the "00" or the dreaded '000" which is technically correct. Rarely has a dollar sign been used with the correct number of zeros. But for the most part the share price has been bantered around like the 11s or the teens or single digits. IMO, one should use the correct terminology to avoid confusion. The share price is $0.0015 or 15 milrays, is it that hard to do correctly?
Ps: note that if using a decimal point, it must be proceeded with a zero. 0.0015, not .0015
ferab, you say: "I think the SP will lolly in the 'teens' until we hear some news."
Why don't you use the CORRECT term of milrays when referring to the "teens" so we all know what you mean. 10 milrays equals a mill. 100 milrays equals a cent. 10 mills equals a cent.
I realize how hard it is to discuss the share price in mills or milrays as it indicates how low the share price has fallen. But let's use the correct terminology so we all can understand.
Can't wait for the 100 for 1 reverse split, so we can all talk some "sense" about ERHC's share price.
Correction --- I think I meant cents, as opposed to mills or milrays.
I was in Katy, TX the past 4 days for a wedding. Katy is 30 miles west of Houston. I was hoping to go to ERHC's office and look for Peter N (maybe under the desk), but didn't get a chance. I would like to go to the next shareholder meeting but don't know when it is or if it interferes with my present plans.
Any talk about a major exchange is just a pipe dream. The reality is the share price is trading in the mid teens of milrays. Yes, milrays, not even a 1/5 of a cent. Even after the reverse split, the share only gets to a cent and a half. Still in penny land and very very far from a whole dollar. We will be lucky to get off the pink sheets!
Let's think about who has been buying ERHC's shares over the past month. Yes, two insiders, yes some of the die hards from IHUB, but has the general public been buying? From the extremely low amount of the actual dollar amount of trades ( less than $10K daily for the past month) there appears to be an extremely low interest in ERHC. The dollar amount I personally have invested in this company just in the share offering last year would have allowed me to buy every share traded over the last month. That makes me sick. Then if I think about the total amount I have invested in the stock, it would have allowed me to buy EVERY SHARE traded for the entire year to date. This makes me even sicker.
On an up note, I will say, with this upcoming cash infusion (of undisclosed amount) the share price SHOULD start going up. We may even hit 2 mills (20 milrays).
Although, I do not like the stock going through a reverse split, hopefully after the split we will no longer have to use the terms mills and milrays (which few here have used anyhow). I guess most people like to use dollars.
It appears a bottom was found in the 8s and the share price has already hit over 10 very recently. IMO, we should be back in double digits next week. Then as we approach the EOY, we should reach the 16s which was a nice plateau earlier this year.