You can't always get what you want, but if you try sometimes, you get want you need. Rolling Stones
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Does the Kaboom involve mil rays because as soon as the 100-1 share split is mailed out, you can bet the share price will be in mil rays. All those who bought in mil rays will soon have another opportunity to load up.
Some fool put in a market order in after the bell and the Market Makers took full advantage of the order and only offered $8.48. Poor fool. Tomorrow the SP will be back to $9+ no problem. Never put in a market order after the bell as the vultures will eat it up at a very low price. I hope this guy learned his lesson.
You all may have missed this last chance to get shares in the $8s. If there is a pull back, don't miss the buying opportunity of a lifetime. I am so glad I got my shares!
Although I am down a little from the 5K shares I bought at $8.5 Yesterday, I am very happy with my purchase. I expect to see double figures by the end of the year and a double in a year or two.
I too question any "concerns" over the 4kscore test. This test is revolutionizing the way a doctor tests for prostrate cancer. The test is being accepted and spreading throughout the urology community like wild fire.
On a personal note, I have had the test and would highly recommend it for any man whose urologist wants to do a biopsy. The test will soon be automatically REQUIRED by insurance companies before a biopsy is done. The profits for this will start rolling in very soon and increase at a very high rate.
The 4kscore is a sure thing for Opko and anyone that questions that is full of crap.
Buying at these levels (in the $8.56 range) is a steal. I plan to double my position this week.
Not so interesting, down 3 (7%) to $42.3. This is unbelievable, from over In the hundreds for for 3 months THIS year to the $40s which no real change to the pipeline. Can anyone please explain? Hillary Clinton? She'll never get my vote!
A whopping $2,000 in trades today (lol)
About $1,000 in trades today and about $2,000 in trades yesterday, makes one very depressed in owing this stock with a shareprce about 15 milrays (or 1.5 mills). With the share price way less than a cent it is very easy to lose interest in this stock. Also, easy to skip reading this board. When will things change, if ever!
I wish everyone here would use the correct nomenclature for the share price.
$0.01 to $0.99 are cents
$0.001 to $0.009 are mills
$0.0001 to $0.0009 are milrays
The present share price is 17 milrays or 1.7 mills.
If the share price ever gets back to cents, then use cents, but until then, please use mills or milrays,
DeGen
Ps: the monetary term "Erh" or $0.0001 is not a valid term
iMO to increase the authorized share amount requires shareholder approval which takes months, which ERHC does not have. IMO, a reverse split can be done by the BOD without shareholder approval and therefore done very quickly. This is my opinion and I could be wrong. I did not include the increase share option because of the time it would take.
Althought there were several positives in the 10Q (especially the insurance cash infusion) the most critical piece of information is the the share count. The company now has nearly reached the ceiling and MUST do something as the remaining toxic notes become eligible to be converted into shares.
What can the company do if their are not enough shares to issue?
A) pay off the notes with the cash on hand. Although this is possible, it does not make any sense to pay off the notes with the cash you just borrowed at a very high cost.
B) print more shares via a reverse split.
C) file for bankruptcy
It it appears the easy way out is the reverse split which should be coming REAL SOON.
Even with all the the good news, the forthcoming reverse split will not allow any share price pop from this news.
DeGen
Ps: imagine what dire straits the company would be in if that insurance money had not come in! Even with that money there is still not enough money to get us to March (and that assumes drilling will start on time).
Is anyone here?
It looks like a nice plateau has formed at $25 for a while (maybe a week or two), then watch for the next leg up to the $30s. Did you buy yet? Did you tell your friends yet? What are you waiting for? I will check back in a couple of weeks to continue the forecasts (and to remind you of the low prices you could have bought in at).
DeGen
As this stock hovered in the 21-22 range I highly recommended buying some and most of all telling your friends to buy some as well. Now a couple of weeks later, it's in the 25's after a nice article comes out touting the virtues of the medical equipment the company makes. iMO, this is still only the beginning of the story and the share price climb. Buying at 25 is still a great opportunity to make money over the next year or two. It would not surprise me to see the 30's before the end of the year and the 40-50's in 2016. Why would anyone pass up a good shot at a double?
DeGen
ps. Am I posting to myself? If so, no harm, because in the future I like to go back and show everyone how right I was and how they missed out.
I'm with Hannah, and don't think a goat will cut it. What we need is a big white horse with a rich hero on it to ride us out of the mills, into the pennies, and then to the teens.
DeGen
Ps: if you have not seen the commercial, all this will be meaningless. Who here doesn;t like Hannah, I even tried betting on her horse in all the races of the Triple Crown! Not that I liked the horse, but the jockey was something else.
Just some information I personally obtained calling the Miami office of OPKO. I had a 4Kscore test done because of a high PSA reading and did not want to have a biopsy done without additional conformation. I requested my Urologist to have the test done. He needed to be schooled on the test, but once informed, he recommended having it done, but indicated it would not be paid by my insurance. The test cost $250, but I was told I might be able to get that money back after the test received the code to submit to Medicare or other insurance carriers. The 4Kscore test indicated I should get a biopsy. The biopsy indicated prostrate cancer, which I was treated for over several months and so far everything has turned out very well. The treatment(s) were not that bad but were time consuming, but not painful at all. Some minor diarrhea and urination problems, but all and all, not too bad at all. Enough of my personal situation, so back to OPKO.
The OPKO rep said since my test was done prior to the 4Kscore insurance approval, I could not be reimbursed. The key fact that I learned was the date of approval was July 1, 2015. So, now that the 4Kscorce is officially approved and being HIGHLY recommended to be used by urologists, income from the 4kscore test should start really rolling in this quarter (3rd Q). This "extra" income should show up on the results reported about OCT 15th which these results are reported. Look for a nice spike in income over the estimates, since it is not likely the analysts will account for this new income.
You guys have all weekend to tell your friends about this great stock I hope to see 22s this coming week as it recovers from that unjustified drop last Thursday.
I was very shocked and disappointed to see tha SP fall 5% from $22ish to $21ish yesterday. Hard to believe with a stock such as this with such bright future and a great potential to increase profis,t the SP would fall 5% in one day. I can only believe it was those initial investors in at $15 jumping ship and booking the quick profit. They are not thinking long term like me. The profit from the best knee replacement on the market will without fail, start to increase the SP in the future.
I watched Cramer again tonight and although he talked in generalities not mentioning specific stocks, he said one should look for a company that profits would increase which then in turn cause the share price to increase. Of all the the stocks I own, Comformis came to mind immediately. Since this company is so new and has yet to report financials, any increases in profits year over year will not be seen for a while. But when the analysts start covering this stock and looking into its earning power, they will start rating it as strong buy.
Buying now, may be ahead of the curve, but one cannot know exactly when the stock will take off, but take off it will as the profits start rolling in, in an ever increasing manner. I would rather be early and not miss any of the growth, then only catch a portion of it.
DeGen
I too saw Cramer and put this on my buy list looking for a dip. Got in a couple of days ago and expect this is a keeper for several years as the company grabs more and more market share and the SP rises with the increased profits. Or gets bought out at a 20-25% premium above its share price. The company with the best product will prevail eventually. Companies like this are a rare find and being in the ever growing medical field makes this a guaranteed winner. Tell your friends, you will not be sorry.
Doc, it would be nice if those communications with Dan had a time and date on them to let the reader know when they were written. TIA
As a side note, after my third three year full subscription on IHUB, I decided not to renew as of yet as I am not reading most posts anymore and my interest I ERHC has reached an all time low. I guess this coincides with the ridiculously low share price.
Condor, I think you SP predictions will be fulfilled (if not even lower). You are spot on about when there is a lack of new pumpers to keep this thing going, the bridge of hope and dreams will collapse. Look out below, Kaboom!
Krom, what I witnessed completely and entirely involved the SHARE PRICE valuation. Nothing else matters, since the SP is what I keep as my score card. Hopes, dreams, what ifs, and coulda, shoulda, wouldas don't matter as I use the SP to determine the worth of my investment in ERHC.
I recall a leveling of the the SP last October at 4-5 cents prior to the death spiral. The fall was relentless into the millets (~3-4) before the bleeding stopped. About a 99% drop! If that is not a death spiral, I would like to know what your definition of a death spiral is? Does the drop have to EXCEED 99%?
IMO there are still many of us old timers holding on to a meager amount of shares. Meager because we feared taking dilution insurance whereby we would be dumping good money after bad. More money into a sinking ship that had so failed us up to this point, most just wrote off the loss but held their shates. Some were too afraid to buy more because of family issues. In some households it is impossible to have a civil discussion about ERHC.
But where do we stand today with the SP at 16 millets or 1.6 mills. I wish everyone would use the correct terminology when stating the SP. The SP has a long, long way to go before we get back to pennyland, which is where the SP was before the financing death spiral occurred. The can be no denying the this death spiral happened, I witnessed it.
Is it possible to come out of the death spiral? It appears the pumpers and and the chartist believe so. They have taken us off the bottom of 3-4 millets and pushed the SP WAY UP to 16 millets. This is an amazing 500%+ SP increase. Wow, a five bagger! But only a few here actually accomplished this and only with a small amount of shares compared to their total holdings. Plus, they have not sold yet, so the jury's still out.
I see the jury deliberating in middle teen millets for this week at best. In fact, it is much more likely the SP falls back into single millets (under a mill) as the pumpers start to flee the seen. The chartist will soon follow. So, as the SP falls back under a mill, this will provide yet another buying opportunity for those who continue to sit on the fence and wonder if it will EVER be the right to dump more money into ERHC.
The real question is this a sinking ship where when the kaboom goes off and the ship sinks further down as the kaboom is the feared announcement of the 1000 to 1 reverse split to infuse more cash with needed toxic financing as all other financing options still did not materialize. There are good kabooms and bad kabooms.
What are the odds?
Although normally when I go to my online betting site, BETONANYTHING.COM, I can find out the odds on just about anything. But no odds are posted for how Sylvan will respond. My guess, is no response, in keeping with the secretive nature of the company recently. However, if he is smart he will first discuss the matter with Peter N who will advise him to issue weekly share count updates on the ERHC site. Peter, being a conservative lawyer does not want to make trouble and cause irate shareholders to sue the company on such a trivial matter, that is so easily resolved.
Southern Man, that is quite a prediction! Do you have any feel information to back up that statement or as you say it is just "IMO". I can only hope it comes true as I am nphaving a great deal of trouble in figuring out where ERHC is going to get the $4 mil ( minimum ) needed to get to drilling. Recent farm in did not produce that kind of front money ($7.5 mil). How did you come up with such a large figure? Wishful thinking?
The biggest joke of all is how the company revealed in the PR about what it is doing for cost cutting. Erhc is reducing its PR budget by not allowing Kenney to answer emails. Whooppie do! How much does that save the company over the next year? Maybe $20K? That sure puts a big dent in he million needed over the next year. I hope no one is laughing at this joke!
The SP is back to 6 milrays, so those that bought at 4 milrays could have booked more than a double (when the SP hit 9 milrays). But my guess is that no one did that as all that bought at 4 milrays are still holding on and will wait for a WHOLE penny. Yes, that's 10 whole mills which would be a 17 bagger from here.
Actually after further research, I have learned that one tenth of a mill is a "milray" (not a Erh as I have joking referred ERHC's share price when it fell below a mill.
So let's all now use the correct terminology of ERHC's share price, which is currently 8 milrays
Hey Blackblood, consider yourself likely at ONLY down 99%, some here are down 99.7%!
On a brighter note, does anyone think we will reach a whole mill today or fall back further into the Erh's (1/10s of a mill)
Cowboy, what is ERHC's share of the cost of the second well? Maybe, 2-3 million? Where is that money coming from? Maybe Ceapa will provide a free carry if ERHC gives up a higher percentage?
Condor, this deception by the company in failing to discuss the dire financial situation will continue to hold back the share price. Does Peter think the shareholders are that stupid? The share price reflects the fears of the shareholders and the results of how the company has been financing it's cash flow with toxic debt. ERHC needs about 4 million dollars to get to drilling, where the hell are they going to get it?
Most here believed that the assets were real and this PR proves that up. However, the PR falls really short in addressing the very critical financial situation of the company. The only mention of cost cutting is in the PR department, far far short of what is needed to get to drilling. No mention of how the company will finance operations between now next spring, which is almost a full year away. I still don't see where the money is coming from, unless SEO comes through. Why does the company remain so secretive and not address these critical issues.
I will predict a small SP increase the rest of the week, but not even to a mill. I see a fall back into the Ehr's (under a mill) for the rest of April.
Is 8 Erh's ( or 0.8 mills ) a new all time low. Do we all have to get fimilair with a new term of measurement, the Erh, one tenth of a mill. Owning this stock has been very educational .
Will we see a bounce off this new low? As in dead cat bounce?
Now that the share price is 1 mill and hovering lower, it is time to repost this:
"Well I googled the question about the unit of currency measurement less than a mill. I know 10 mills equals a penny, but 10 what? Equals a mill?
For all those curious like me, 10 Erh s equals one mill. This unit of an Erh is considered so worthless it is not even mentioned in most financial publications. The history of the Erh is based on an old oil stock that fell below the level of one mill, so the term was named after the piece of shitte stock. At first the name was going to be the Ntephe but the NAACP pulled out the race card and the name was changed to the Erh. "
As least ERHC will always be remembered when when a pinky hits triple zeros.
One needs to find humor in this situation, since there is little else that can be done.
The belief that SEO does not care about the share price is absurd. Anyone that owns that many shares has a very strong financial reason to care about the share price. No one wants to pickup extra shares on the cheap at the expense of the bulk of the holdings. Any deal to buy out the entire company would be somewhat relative to the share price as no company or corporation is going to pay more that a 50% premium over the current share price. The current share price is the starting point of ANY negotiations for a buy out. No one is going to pay 10, 20, 30 times the present share price. So, SEO MUST care about the share price and want it higher for the bulk of his holdings, not lower to pick up a few extra cheap shares.
Well I googled the question about the unit of currency measurement less than a mill. I know 10 mills equals a penny, but 10 what? Equals a mill?
For all those curious like me, 10 Erh s equals one mill. This unit of an Erh is considered so worthless it is not even mentioned in most financial publications. The history of the Erh is based on an old oil stock that fell below the level of one mill, so the term was named after the piece of shitte stock. At first the name was going to be the Ntephe but the NAACP pulled out the race card and the name was changed to the Erh.
I still do not know the answer to the question about the unit of currency measurement less than a mill. I know 10 mills equals a penny, but 10 what? Equals a mill? We may be using this term shortly as the SP is going down 60% every 20 days according to the toxic financing (as they come due).
Lets try to guess the answer, will it be a mini-mill? A sub-mill? Or if the share price gets that low, no one will give a shitte anymore?
An interesting quote about dots and the Future...
“You can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something - your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.”
Steve Jobs
All I need is 8 more days with a 72% pop like today and I will get even. It is possible to even get one more day with a 72% gain?
For math simplicity, I will use the current share price of 1/2 cent or 5 mills (instead of the actual closing price of $0.0051)
So Doc, what would you call an explosion of the share price?
Up 20% all the way to 6 mills?
Up 40% all the way to 7mills?
Up 60% all the way to 8 mills?
Up 80% all the way to 9 mills?
Or a 100% jump up to one whole red cent?
If the share price gets to the elusive one cent, can it hold that incredible price?
If so, all I can say is whoopsie do!!!