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Thanks
Brez
Krom,
Could you please point out the post # where the article was presented. I've been away and not been able to keep up.
TIA
Brez
OT: LOL!
Cheers
Brez
Strass,
It's definitly been a long time! I have been accumulating slowly since 2003. Bad news is, nothing happened. Good news is, I have been able to accumulate since 2003 (added some more this week)!
I am also getting tired, but I still believe is the assets so I'll stick around until our ship comes in, yaht or row boat, which ever!
cheers brother
Brez
Strass,
Then let's hope that events occur that propel the SP beyond .9 overnight so that you do better than break even!
Cheers
Brez
Tamtam,
LOL!
Cheers
Brez
MACD crossing maybe?
Cheers
Brez
Cheers Claudealain!
Better pic!
Brez
Never thought I'd say this to a guy.....
.....nice ass! :0)
Cheers
Brez
oh....why didn't you say so earlier????
Thanks man, you're the best....
Brez
Yeah, he's a looser....
Brez
OT: Red, do you have a stock symbol on an American market for Chariot? I only see one on the AIM for SP of 74 BPounds?
Cheers
Brez
Well done on benign BB , well done!
Cheers
Brez
That I don't know petemantz. I just took it straight from the article!
Sorry
Brez
Not me brah. I have two black belts working on a third and I have gps/laser guided munitions! :0)
cheers
Brez
TheDane,
I once again agree with you, on both paragraphs.
Cheers
Brez
Sorry ewing4,
Did you press return before completing the post?
None the less,
Cheers because their is no doubt in my mind that we are on a steady climb back up from now to September.
Brez
so did I . . . . so did I
Cheers
Brez
Well said bsk,
Like I said, 7 years of DD does not get trumped by mis/dis information, rumours and subjective interpretations!
Glad that you are here.
Cheers
Brez
Hi umbra,
I see Krom answered your post. Just to add my two pence worth.
First, the exchange rate between BPounds and $ fluctuates all day, but remember these fluctuation are very small. Usually less than 1 percent. So the price in the smaller exchange, we will assume the OTBB in US$, will mimic very closely the closing price of the AIM stock. Remember, it is always possible that news out of Asia, may affect both the stock price and the exchange rate so the US stock will change accordingly. Once we close in the US, the UK stock will open and the price will be changed ever so lightly for the difference in exchange.
I know, some would think (i did!) that you could time it to buy the stock on the US market when the exchange is favourable and then go to the UK market. But remember, us consumers must pay admin fees for exchange which are much greater than the fluctuating 1% or so lag in the exchange rate.
Therefore, for you, it would be much better to have your shares on the AIM. For me it would be better to have my shares on the BB. For all of us, it would be better to have the majority of the shares on the AiM and some shareholders (mainly North Americans) still on the BB. That way we get the full advantages of the AIM while the ease of trading on OTCB.
Overall though, it will be a no brainer. I've own stocks that traded both on the TSX (Cdn$) and NYSE or NASDAQ all my life and it truly is a non-event.
Cheers
Brez
ac,
As per the link provided by magic I believe
"Provided the offering is carefully controlled and the number of stockholders “of record” does not exceed 500, it is possible to avoid registration and periodic filing requirements under the federal securities laws. The company and, importantly, its officers will also be beyond the reach of Sarbanes-Oxley."
We have more than 500 stockholders "of record".
http://www.cov.com/files/Publication/d568efc7-85eb-4b42-b2fb-4888c35633e5/Presentation/PublicationAttachment/4dde9cd6-530e-44e7-b203-4cb6d4cac0ca/oid14417.pdf
Mid,
I have huge problems with Dan's reply. Surely he must know that it will be posted on iHub, the day after we got cleaned out.
Yet he still answers in depth, but with generalities; Gas only with no oil found? Really? What's the composition of gas then! He tells it like it's an absolute, yet it was never officially released and they are not authorize to release the info. "
"So, sorry guys no oil just gas and we are trying to find out why we didn't get anything, but don't tell anyone since we are not authorized to say anything, except you of course, Dennis" Jesus C! Was he on the way to his night gig with his clown outfit when he replied to you?????
Oh we just had an AGM, they said they found lots of gas, yet they gave us incomplete information about every single well, which leads the listener to speculation. Never mind the side bars with "We're sitting on elephants"???? WTF!
Here is what I have to say to DK;
STOP TALKING YOU ARE HURTING US. JUST PUT ON YOUR RED NOSE AND BIG SHOES AND GO SIT IN THE CORNER
Brez
Are you done yet?
Brez
OT: Thanks for the PM, we've exchanged some jokes!
Cheers
Brez
OT: ha, ha, I knew you would pipe up on that one! You know as well as I do that you don't actually have to have them to demonstrate the qualities! I tend to believe that you probably demonstrated that once or twice in your life!
Cheers
Brez
Why would a company just offer raw data?????? So that ill-intentioned people can spin it which ever way they want?? It would have been 100 times worst. For every knowledgeable oil person on this board, we have 10 skilled bashers. It would be like giving Krom raw statistic data and asking him to present his findings and views (good God, can you just imagine that!) !!!!!!!!
The company will present the data once they are authorized and will hopefully present it within the context of useable and understandable information that will be clear and unalterable with a clear course of action on the part of the operators.
Like I said before, I believe that SNP has no wishes to release any information prior to the EEZ closing their auctions of their blocks. So the 6 month extension, the quiet order, the mixed messages from different sources all means one thing; We will have to wait until September for real info while the master spinners play with shareholder's emotions. This summer, with all the playing that will go on, all the different "leaks", it will require testicular fortitude to hold on to your shares.
So folks will have to ask themselves "Am I in or, am I out?".
Cheers
Brez
Nothing changed.
Yesterdays "crash" was caused by potentially poor delivery of info by BOD and/or great spin by bashers to take advantage of the vulnerable shareholders!
I personally don't believe our BOD are skilled briefers, not everyone can be. You can have great doctors, but doesn't mean he/she can relate/talk to the patient. So time and time again we see the SP drop every time they talk.
My only consolation on this is that every time the SP drops, SEO is hurt 700 times more than me! And when he will have enough, I'll be right there with him telling him "What took you so long!". So my account may drop $100k in one day, but his drops $70M in one day. I don't care who you are and how much money you make, $70M is noticeable!
Cheers
Brez
I believe he meant in a Canadian Retirement account. But then again you can't put BB stocks either.
But Sidewinder is Canadian so I assume he meant Cdn Retirement account.
Cheers
Brez
Sidewinder,
Thanks for the info. That's why I believe that if the AIM listing goes as plan, ERHC will more than likely get the majority of the shares required (although it doesn't have to be) since I believe the majority of share holders are not in North America.
So for you and me, it would be business as usual except our BB stock would have the AIM exposure and valuation (if I understand this correctly; they go up, we go up or the opposite)
Brez
Thanks petemantx,
If I understand what you wrote correctly, this would be the same if ERHC wanted to increase the share count of ERHE on the OTCB. No different. They can, dilute the SP today with the current stock but they have no plans of doing so.
Again, the option of dilution whether it be on the AIM or on the OTCB would be available, just like it is today. So, if I understand this correctly, nothing new.
I've just contacted my brokerage account, and the charges for trading on the AIM from my Canadian iTrade would be roughly $200-500 dollars per trade (the example that I asked them was for $100k value trade) and the British Pounds would be converted automatically to the original currency of the account (Canadian or US $). Therefore if the prices of the ERHE Inc. mimick the price of the ERHC plc, I see no upside in switching my personal shares to the ERHC plc, but I do see the upside of having the majority of the share and the controlling side to be on the AIM.
If anyone care to pipe in on the last point, please do!
Cheers
Brez
Tamtam,
I see no dilution of shares which is a good thing. In the presentation on slide #39, Post-AIM Corporate Stucture, it shows that ERHC plc will be made up of 2 types of shareholders; Direct SH that transfered their shares to AIM and ERHC Inc, where the remainder of the current SH wanted to remain in US$ on the OTCB.
Therefore I see it this way.
1. More than likely the AIM listing will be approved since this structure was pre-approved by SEO, I would assume.
2. The controlling company would be listed on the AIM, ERHC plc.
3. The share price on the BB will have to mimick the SP on the AIM. Therefore it goes up, BB price will go up. It will be similar to Suncor who is dual listed on Nasdaq and TSX.
4. No dilution, just some shareholders will be holding the same amount of shares in "pences" while others will be in "penneys".
5. If SNP wishes to buy our rights they will have to buy a majority of ERHE. Perhaps it would have been difficult to do so if ERHE remained a full US company. Now, after restructuring, SNP would buy out ERHC plc, which is registered in England, with the controlling interest of ERHC inc.
If it were to go all the way to step 5, I'm not so sure as to what would happen to the SP of ERHC Inc if SNP made an offer of X amount of British Pound per shares of ERHC plc?
Cheers
Brez
PS. Got the card, thanks! Great pics.
Because 7 years of DD are not trumped by a moment of panic caused by lack of, or incomplete information. An "information void" is not filled by selling shares. If selling shares fills that void, then an investor should have sold before.
Cheers and good luck to all of us trusting our DDs and not selling!
Brez
Lol!
But what is happening right now is more like, you thought you were falling from the 6th floor but really it was the 9th! You never know that mulch in the garden may soften the landing! Beside, I was probably wearing my Bose headset and never heard the guy go by!
Cheers
Brez
1,000,000 shares in 15 minutes. Bummer that it's going the wrong way!!
Brez
Wow, that worked out well!
Brez
(looking at that bottle of Scotch again....)
Strass, you are not alone, I too, is working hard on trying to figure this out!
Brez
Thank you to all of you who went to the SHM, shared your thoughts and impressions to the rest of us.
I also would like to thank all of you that offered your opinions on the posts, late last night and way early this morning. I would be lying if I told you that I wasn't initially disappointed with some of the early info presented. But like any issues, talking about it (the follow on posts) cleared up some of the fog.
I think ERHE knew that at first view it would be taken as a negative and upon further review, the info presented would be seen as an opportunity. That's probably why they did the SHM after hours and not during the trading day.
Again, thank you
Brez
Agree,
No one shows up at a SHM and say "Now I've got a great surprise!". That's not how its done. Although I would be happy to be wrong!
Cheers
Brez
Sweet, that barely made sense! But since you inverted all the upper and lower case, I take it you will be doing the opposite, buying!
thanks
bREZ
Maybe they passed out the Cubans with Scotch??
Cheers
Brez