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And then you sell more....
Wishful thinking?
Hmmmm.
It's not funny... I don't think you're paying attention to what he is saying slo!
Hope you're well.
IMHO you shouldn' t hold you tongue MAC. You are a respected trader, not a pro basher, and unless one is wearing thick blinders one should be willing to hear all views on ANY stock.
Been out of touch working like a dog, don't know know how Mrs. Buks gets paid, do you?
Anybody?
Gotta run.
Hmmmm. Comments about this?
http://www.investorshub.com/boards/replies.asp?msg=6949681
Just wanted to say hi to everyone, still buried in work for a few more weeks...
The SP is still awful but I am DELIGHTED to read this email from Ms. Buks. She sounds like a real pro, night and day from the previous ERHE public non-relations "team."
Back to work...
SH, "Some of us thought it could be Offer to get better financing terms. If he leaked the buyout news, that would certainly not be consistent."
Not consistent? Not at first glance, but how 'bout this?
Upon awards, Offor instructs the troops to make sure to let the run start up a bit to get people going (hit .77) then kill it (great success there, I'd say they destroyed it.) How? Dump a few million offshore shares (Chrome, Caymans) up there and buy them and more back all the way down to the high-thirties. Now he's accumulated a bunch more very cheap shares which he can use as ammo with whatever suitor for an all-out purchase (unlikely) or majority stake. Simply leak the info about the offer and the other possible suitors will try to outbid each other. Meanwhile, the SP goes up, so whether or not he sells he ends up making another killing...
Just a thought. Gotta run.
I agree. Is he prophetti LOL?
Pup, I just took a gander at the board. My thinking is that people are jumping to an awful lot of conclusions based on this one ARTICLE.
I will wait to see hard confirmation and actual facts and figures before making up my mind.
Thanks much for the reply.
SOURCE PLEASE.
Why isn't he posting himself?
It's a real possibility I'm afraid. Same scheme that's been going on for years, except that it's probably not "to get more favorable terms for a funding" but the same old SP manipulation and raping of the small retail investor we were hoping would stop after awards. Coleman covers for him first by putting out an intent to sell 3.5 mil shares... yup, a real possibility.
I do hope I'm wrong.
They are working it real hard to get us down there, you can be sure they will succeed.
.39 would be an incredibly, ridiculously low price for this issue after awards. Hard to pass up indeed Manti!
Welcome to the board njr1956.
I have a feeling it will be a long to very long wait, but at this point it would be silly to sell. That's exactly what the wolves and the bashers want.
I agree, Added to ibox. Thanks.
Yes, SH "and" between each condition is what I meant.
Yup. He has done it before. Exactly the same tactics.
Max he clearly is here to disturb and provoke. I have been reading his posts very carefully and the pattern is obvious.
Same guy, or same crew? Same difference to me. They belong at RB, not at IHUB.
Funny thing is, RB is visited by a hugely bigger crowd, so the damage they do here can only be statistically very small. You'd think if they had half a brain they would know that. But wait.... they do, they are here only for the fun they have gloating and aggravating longs.
Could be rabbit, could be... I hope you're right.
As about the bottom, I didn't mean to split azz-hair, just so that you know. The difference between the mid-forties and the high-thirties is the difference between really bad and awful. Both are NOT GOOD for a stock with so many good news in the recent past.
Magic, I hope you are right about the bottom.
As to "a feeding frenzy of soul-stirring proportions" unless we get:
1) a dead stop of the heavy-duty anipulation/shorting/whatever
2) some MAJOR exposure such as another L.A. Times - type article
3) active ERHE support for a decent SP, instead of the opposite...
...it ain't gonna happen.
Wish I could say otherwise, believe me.
Nice find MW.
TopDrive, TO CONTACT THE IHUB ADMIN (MATT) ABOUT MONGO AND THE LIKE:
I believe there are several ways, here are a couple (I don't have a freebie account but I believe that fundamentally the system works the same):
1) When you see a post by one of those characters, click on
"Report TOS Violation" the you see:
How This Works
TOS Report is filled out by member
TOS Report is added to Admin screen for review
IH Admin reviews the report, post, and reasons for report
Action is taken, if necessary
Questions? Talk to Matt (THIS IS LINKED)
2) Go to http://www.investorshub.com/boards/faq.asp
For the record, we have long declared Mongo1071 Persona Non Grata on this board as he has ZERO credibility. He still posts with total impunity, just laying low when things get a bit hot. Every though the moderators try to simply delete his manipulative drivel, we don't always succeed and you can actually FEEL THE TENSION AND THE DISBELIEF when he shows up on this board (makes him feel great, no doubt.)
BTW, I believe many people here complain about these bashers BUT are yet to contact Mr. Brown... *Perhaps* that is why he hasn't taken the actions the vast majority of ERHE posters want yet.
TopDrive, we moderators cannot expell him permanently. Only Matt Brown (IHUB owner) can do that. We have asked him MANY times to ban the two (one?) Mr. Disingenuous bashers, so far he has refused.
Perhaps he would be more responsive if every single poster here who wants Mongo/Monkey banned actually DID contact him? I dunno.
Disagreeing sometimes makes for good discussion, and as long as it's civil and non-manipulative it's welcome here. BUT these characters are in another league altogether, and I agree that this type of relentless, obfuscating, useless bashing drivel belongs at RB, not at IHUB.
Gotta go. Hope this helps.
He and his gang can easily do that. JMHO of course.
I agree. But whether it's FAB or Chrome, or whoever, it stinks. The type of shorting and hedging we have in the market makes for all kinds of unbelievable stuff, it's just plain and simple crookery. They should be banned, period.
Thanks BB. Good stuff.
Even if we go lower, blasher's call is still "fundamentally" right.
Right on the money (or lack thereof LOL.)
A great call indeed Snap!
Incredible is an understatement. Not too many stronger words though (well, not polite ones LOL.)
This is one of few possible explanations for this absurd SP. Here is the text again for all to see. A good post.
By: bullwriter
28 Jun 2005, 03:24 PM EDT
Msg. 58593 of 58599
(This msg. is a reply to 58589 by deepdriller0.)
Jump to msg. #
driller, to add insult to injury, IF FAB is shorting to hedge their position they already own the shares so they don't have to go to the market to buy them. In other words, they just deliver the ERHE shares they already own to the broker/dealer who then closes the short position, so no short squeeze. The only reason I bring this up is that it helps pinpoint a possible bottom at $0.41, the price at which FAB obtained their shares. It also explains a part, not all, but a part of the weird share price behavior. Thanks for all your contriubtions to the board. I enjoy reading your posts.
What exactly are you saying, I don't follow you...
That would explain it... Nothing on the current list for ERHE.
Thanks txs.
So are you saying you looked at ANOTHER security here?
Or just our company BEFORE the symbol changed?
Thanks TD. Got a URL?
ERHE shorted. Thanks for the heads up Cuda.
I have a feeling this has been going on for longer than that. Anyhow, does anybody have thoughts about who could be shorting it?
Nigeria: 350 applicants scramble for 75 oil blocks
28/06/2005
In an over-whelming response to the Federal Government 2005 licensing round for oil blocks, 284 operators and prospective oil and gas field exploration and production block operators have made 350 applications for 75 oil blocks.
Mr. Tony Chukwueke, Director of the Department of Petroleum Resources (DPR), made the disclosure yesterday in Lagos on developments following the closure of receipt of expression of interest in the bidding round.
He suggested the number of applications received was by far in excess of what the government had anticipated and added that the set target was exceeded by 200 and will be an enormous amount for the team.
Chukwueke also said the DPR had closed down a whole section to get all the applications evaluated. "The Adviser already said the shift in registration deadline was internal to the process and that the bidding conference slated for first week of August that still stays. That is what we are working on," he said.
On the classification of registration, the director said all the six major oil and gas exploration and production companies operating in the country were applying. "As at the last count, we have a total of 79 foreign operators and 33 Nigerian operators. The rest are Nigerian individuals and companies, one way or the other, who want to become LCV (Local Content Vehicles), which means that we have managed to excite a whole lot of Nigerians.
"We have over 170 of them competing for 30 to 40 positions and the objective is to bring development in deep water, the Niger Delta as well as inland basins in pushing up our reserves and production. Currently, our target is to go to 40 billion barrels. It is a long way to go. But it is a major objective of 2005 bid round," he said.
He also explained that contrary to what some industry operators claimed about the bidding round, the closure recently announced only signalled closure of expression of interest in the bidding process and not a closure of the bidding.
http://www.fourfolddesign.co.uk/energy365new/licencenewsdetail.asp?news_ID=8272
"We are unknowingly calling about matters of national security to the US and matters of national prosperity to Nigeria."
Nope. We are not. If that were true you couldn't call the IR of hundreds of companies, and get useful info. Fact is, you can.
This attitude is an endemic problem with ERHE Rancho. It has been going on for many years.
Why? Answer in #6685.
My thoughts exactly. There is a VAST difference between pumping via meaningless PRs and releasing so little official info that the majority of shareholders end up feeling something smells bad. It's particularly obvious for this stock, which is way down following a string of good to great news.
Excellent post SH.
Thanks ajman. I believe the vast majority of people here who have done their DD are very aware of the fundamentals. They have gotten better and better and that's good.
ERHE should be ramping up right now for the kinds of gains BTSI is seeing (and then some) but the opposite has been happening, and that doesn't smell good.