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There are currently 12M shares on the bid at .0017 and .0018. If someone had shares to sell why don't they just dump on that bid?
You have been here a long time like me. Are you still a shareholder?
Sorry I didn't answer this post sooner. My point to you is IMO is is dishonest and unethical to be buying shares while you are posting negative comments daily.
You have to try and trade these KA-booms. The price from low .0005 to high .004 could have been an 800% gain for someone who traded it correctly. There will be more of these opportunities.
From what I understand the insiders still can only buy and not sell:
The Board only suspended the prohibition on purchasing shares during blackout periods. Still in place is the policy that prohibits employees, consultants, directors and officers of the Company from selling ERHC securities during blackout periods. Insiders will also remain subject to the company's policy and the general rules on insider trading as well as other prohibitions on directors and officers disposing of shares within certain periods after acquisition.
If we had a crystal ball we would all be rich.
Didn't emdyal get the share count from TA yesterday. I believe a little over 2.6B.
Did you sell your shares you bought @.0005. I sold a few of mine.
SWALA ENERGY RECEIVES FUNDING FROM HAYAAT INTERNATIONAL FOR EXPLORATION IN EAST AFRICA
June 3, 2015 in Top News
Swala Energy has received interim funding from Hayaat International Limited a cornerstone investor who holds an equity interest of 9.2% of the Company.
The loan is to be made available in two equal tranches and is repayable from the proceeds of the farm-outs with Tata Petrodyne Limited TPL which farmed into the Pangani and Kilosa-Kilombero licences in Tanzania.
Other key terms for the Loan include that Swala will draw in US$500,000 tranches and no interest shall be payable on the Facility.
Other terms include that Swala will pay a fee of US$25,000 per US$500,000 tranche is payable and the Loan Facility is secured on the Company’s assets.
Swala and Hayaat have agreed the Loan Facility in order to advance the development of the Company’s assets pending the approval of the farm-outs by the relevant governmental authorities and as part of the financial planning for the farm-out undertaken during the past months.
“We are grateful to Hayaat International for their ongoing support and recognition of the efforts being undertaken by the Company’s personnel as we organise the government´s approval of our farm-outs. This interim loan facility allows the Company to fund its near-term operations without the need to raise equity from our shareholder base at a time of significant activity,” says Dr. David Mestres Ridge, CEO of Swala.
The Loan Facility will be used for working capital and the ongoing development of the Company’s licences in Tanzania, Kenya and Zambia.
Swala Energy EARS
Hayaat International Limited is a private investment company headquartered in Abu Dhabi that has been a strong supporter of Swala since its initial AU$3.3 million investment in the Company in November 2013.
TAGS: Funding Hayaat International Limited Kenya Kilosa-Kilombero License Loan Facility Pangani Swala Energy Tanzania Tata Petrodyne Limited Zambia PREVIOUS POST UGANDA TO HOLD LONDON ROAD SHOW TO PROMOTE FIRST LICENSING ROUND
EVENTSTOP NEWS
June 3, 2015
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Here's an explanation for you. You could have bought last week @ .0007 and sold today if you chose to and made a 400% profit.
Yes. If the sell the have to file a form 4. As far as I know they are still restricted from selling.
You should be happy at least with your last purchases.
Sneak- I lost your phone number
Some might need to believe that we will get rich. I understand that. But you want to make us believe that nothing is positive and the company will fail yet you have increased your position 4 fold (your words). That I don't user stand. Please explain.
Just my attempt at some humor.
A form 13G has to be filed the day before the next day the shares were purchased unless the day before the next day is the day prior to the following day. Riddle of the day.
They do this with many stocks. For example VPOR.
Just as I thought for all your daily negativity you were buying.
I still have my shares increased 4 fold
I do think you believe what you say but in case you are wrong I also think you are still buying. After all what's a few more dollars alter being down $300K
When Chrome got the $250000 note I believe the stock price was .005. If they converted immediately @ 50% of the price they would have converted at .0025 and would have received 100 million shares.
Are you still buying even though you believe that the shares will be wotthless?
In Florida where I live the company would have had to either increase the AS or done an RS if they didn't have enough available shares to cover conversion rights of note holders. Don't know about Colorado law.
That's not what it says (no farm in). It says they are still discussing. How long did the discussions in Kenya take? I think more than six months.
Also now ERHC is free to negotiate with others.
Discussions are still ongoing with the International Operating Company (IOC) that signed a Memorandum of Understanding (MOU) with ERHC in December 2014.
I think this is new from FAQ:
Q. What is the status of negotiations related to Block 11 of the São Tomé and Príncipe Exclusive Economic Zone (EEZ)?
Discussions are still ongoing with the International Operating Company (IOC) that signed a Memorandum of Understanding (MOU) with ERHC in December 2014. Under terms of the MOU, ERHC agreed to grant first right of refusal to the IOC for a farm-out of EEZ Block 11 for a period of six months. That period has expired.
Do you not realize that if they get a farm in partner in the EEZ that the partner will be the operator and pay the costs not ERHC. There was never a chance that ERHC was going to raise $100M for the block.
Remember in the past ERHC has had a history of announcing news after a 3 day weekend. With PN and Sylvan buying you would think that news would not be announced. But who knows?
This is an 8K from another company that had to increase authorized shares due to reserve requirements for convertible notes. ERHC has not increased authorized shares yet so you would have to assume that the available shares remaining would cover the requirements of the outstanding convertible notes. VPOR is a Florida corporation so could be the laws are different in Colorado.
Comments anyone!!
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
SECTION 5 – CORPORATE GOVERNANCE AND MANAGEMENT
SECTION 5.03 - AMENDMENTS TO ARTICLES OF INCORPORATION
On May 7, 2015, the Board of Directors of Vapor Group Inc., a Florida corporation (the "Company" or the “Registrant”), with the approval of a majority of votes of its shareholders, approved an amendment changing Article IV, “Capital Stock”, of the Company’s Articles of Incorporation (the “Amendment”), wherein the total number of authorized shares of common stock of the Registrant shall be increased from four billion, five hundred million (4,500,000,000) shares to eight billion (8,000,000,000) shares. An increase of three billion, five hundred million (3,500,000,000) shares of common stock.
The Amendment was submitted to the Florida Secretary of State and was declared effective on May 11, 2015, the date of filing of the file-stamped copy by the State of Florida.
As previously reported in the Consolidated Financial Statements and Notes to the Consolidated Financial Statements of the Registrant filed on Form 10-K for the twelve months ended December 31, 2014 and filed with the SEC on March 31, 2015 (the “Filing”), the Registrant had aggregate “convertible notes payable” in aggregate amount of $3,153,792 (the “Aggregate Convertible Notes Payable”) as of December 31, 2014.
Since the Filings, several holders of said convertible promissory notes (the “Notes” or individually, a “Note”) have continued to exercise their right to convert all or a portion of their Note(s), in accordance with Federal and State law and regulation, into free-trading shares of common stock of the Registrant pursuant to the exemption from registration under Rule 144 of the Securities Act of 1933, as amended and per the terms of each holder’s respective Note. (Collectively, the “Conversions”)
Also, as previously reported on Form 8-K filed with the SEC on February 4, 2015 by the Registrant, included in the documentation related to each Note is frequently the requirement that the Registrant authorize its transfer agent to reserve a quantity of shares of common stock in advance of any conversion of debt to shares of common stock in the event that the Note holder decides to convert all or any part of the outstanding balance of their respective Note (each a “Reserve”). Such Reserves are often variable such that downward changes in the market price of the Registrant’s common stock triggers an increase in the quantity of shares required to be reserved by the Note holder. Moreover, such Notes allow the Note holder to convert all or a portion of the outstanding balance of each Note, in accordance with Federal and State law and regulation, without the approval of the Registrant, meaning that such conversions of debt into free trading shares of common stock of the Registrant are outside of the Registrant’s control.
As a result of the continuing low market price of the Registrant’s common stock and the Conversions, several Note holders have repeatedly required increases in their Reserves equivalent to many times the total possible number of shares that could be issued from their conversions greatly inflating, and escalating, the total number of shares required to be set aside by the Company as Reserves. Such increases have again eroded the number of authorized shares of common stock in the Registrant’s treasury resulting in an inadequate remaining amount of shares available for general business purposes. Therefore to maintain an adequate quantity of common stock in its treasury for future uses, the Registrant has had to again increase the number of shares of its authorized common stock.
No selling either. Waiting for funding announcement.
Is is BS. I repeat my calculations from earlier today:
The convertible debt had increased the share count from about 800M to about 2.6B a little over a 3X increase you say that warrants a 100X decrease in the share price.
Do you have a link to that rule?
Does a corporation (Chrome) have to file a form 4 as an individual (PN, Sylvan) does?
Chrome is a corporation not an individual (Offer). I am not sure if a corporation is required to file a form 4. Anyone know?
Apparently conversion of debt (CD) to shares does not require a form 4 to be filed. Purchase of shares like PN did does require a form 4 to be filed.
The convertible debt had increased the share count from abott 800M to about 2.6B a little over a 3X increase yet you say the target should be reduced from $1 to $.01 a 100X decrease. Even ifn your example a price of .01 would be about a 20X increase from .0005. Not a bad profit for those buying here. Maybe PN and Sylvan realize that.
Dan said he thought that form 4's are not required for debt converted to shares. They are only required for purchases. Regardless it is not ERHC responsibility to file form 4's.
Now that we know that Chrome already converted a reverse split would affect Chrome like everyone else.
I asked DK about the Chrome Note, His response.
For instance the question about Chrome’s convertible debt – the 10-Q is pretty specific about the fact that it discloses all convertible debt outstanding. If a shareholder tracks debt that they are aware of from the 10-K, previous 10-Qs or other disclosures (news releases), but does not see them listed among the outstanding debt, that is an indication that the debt is no longer outstanding. It has been converted. This is how any company that has convertible debt handles disclosure. They don’t typically disclose the debt that gets converted – they disclose the total number of newly issued outstanding shares, which ERHC did.
The point was Ntephe was not president and running the company when the deal was made so one can hardly blame him as I thought middy was.
Was Ntephe CEO when the deal with SNP was made?
Would you rather management not buy?