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The debt holders have no interests in our Billion Barrels oil business. They are dumping those wall paper as fast as they can. If these are not toxic debts, then what are they?
Your first target is reached. 0.004
Let's wait for your next one 0.001
Which price can convert more shares? answer is there.
It won't stop there, now Chrome starts to play the toxic debt. Will Chrome convert less shares or more shares as others?
It will be nicer, if I get 0.002 later
In toxic debts holders point of view, selling as fast as they can is the only way to make money. They don't believe the PPS will go higher, they don't believe they can sell those hundreds of millions of shares at higher prices.
However, this is another management's achievement dropping the PPS to this level.
In this situation, there will have no merge or buyout. Only try to attract some supporters and followers for their salaries concern I believe.
Definitely management knew what the outcome will be as they either intentionally or hopelessly got these toxic debts.
Sorry, I mean I was requested by Lehman.
I remember Lehman was requested me to provide tax information I-9. I mailed to somewhere as they asked me to. Actually I don't have to, cause my pref stocks are all in my TDameritrade account.
I am wondering why ERHE gave up 55% interest in Kenya's 11A block without getting any proceeds back. ERHE states itself having full of potential in several oil rights, however, management could only persuade someone for this terrible toxic debt deals.
And 1.9b stealing price for "whole bank"
What is the total common stock interests in WMB? 6B or much higher? Tia
We may still have something left such as 5B deposit, tax refund.
How about mortgage business?
WMILT will give 2.5% of its recovery to WMIH. is it a service fee for issuing Pref stock back to WMILT escrow holders ( capitalization purpose)? Just my guess.
You think management did not try to get better debt deals by selling the story you presented?
We are #1
Closest to BK filing
Supply shows no shortage at all. Cheaper price? yes, you can have those too.
Their salaries are more secured by someone's fully support.
You can publish the same story so many times on different locations or platforms. Any improvement for PPS?
Do some realistic actions such as cutting your own salary to half.
Who are those entities which bought toxic debts from ERHE?
Any records of shorting ERHE stock before the deal?
Did I complain him on those even he exhausted all 40M gain on selling some of JDZ interests?
Buying 0.5M shares at this price to show his positive attitude and faith in ERHE?
$5M loss in Stanford crook.
Toxic finance let PPS drop to below one cent and management is buying at rock bottom price.
Why not cut their own salaries to half to show their faith in company?
Please read message 48099
I believe CTs cash value is holding on JPM's hand as collateral.
Only by selling TOXIC DEBTS will help to pay their salaries.
Another 8M shares transaction so far for today.
I think most shareholders would support them when management could buy 5m shares to support their own plan at 0.075 instead of buying 5m shares at 0.01.
This is big different between 0.075 and 0.01.
The management did not support their own decision to buy shares at 0.075 when they asked shareholders to support and buy Right Offering at $0.075. They knocked down the ERHE price all the way down to a cent and they bought in at bottom.
This is called inside trading as far as I know.
Management does not know how to drill a hole at cost of 7M, just like they had lousy performance, CEO still got high pay at 200,000 plus salary. In order to cover his 2015 salary, how many more shares have to be sold at current price?
Who is going to pay higher to support his salary?
Until he can do better than $7M and cut his salary to half, ERHE may have hope.
There will be no shortage of supply, the speed of printing wall paper is much faster then your buying.
I do believe ERHE has made decision already to sell millions of shares at any price as long as someone takes.
Once you see the shares were sold five to ten millions a day, you know PPS will be not easy to go back to 7.5cents without reverse split.
Within 30 to 60days, it can reach to 300Million shares.
Merry Xmas and thanks to you all who shared valuable time and thoughts for us.
I am not smart guy, why don't you share us some your smart DD? TIA
What was caused JPM qualified as a co-debtor?
Did JPM cosign and/or guarantee certain securities, notes? Are CTs part of them? TIA
Bought some LEHNQ for my daughter. Yummy
Who are those investors who get 140M shares for only 1.4M investment? Why didn't ERHC offer this opportunity to existing shareholders? Did Offor involve in this toxic finance?
Can ERHC show us who are those investors?
Why we have to pay 7.5 cents instead of 1 cent?
If the proceed comes from 2.5% of the LT, it's WMIH's cash asset, why need issue Pref shares for it's own money?
"The Co-Debtor’s liability for the debt is not discharged
The Co-Debtor’s obligation to pay the creditor are not altered or discharged by the Co-Debtor Stay. The Co-Debtor stay only postpones the creditor’s collection actions until after the bankruptcy is over. The Co-Debtor is protected during the life of the bankruptcy, but once the bankruptcy is over, the co-debtor remains liable for the unpaid debt. For example, if the bankruptcy payment plan pays 25% of the debt, the co-debtor remains liable for the other 75% of the debt. For this reason, some bankruptcy payment plans provide for payment of joint debts in full in order to protect the co-debtor after the bankruptcy case is over." From Brian Hemphill, Attorney at Law
This was one of the nonsense news to trap investors.
Another nonsense - wasting time and company money in stock options policy to allow insiders to buy at 20c if the PPS goes up to 75c.
They crashed not only price but also entity by selling toxic debts, trapping shareholders to buy rights at 0.075 without Offor's participation, investing 5M in Stanford crook with ZERO returns, making nonsense announcement for 100M investment in EEZ.
Look at the $5M investment in Stanford crook, look at the announcement for 100M investment in EEZ, ERHC is a rich company indeed. Don't look at current bid/ask price now.
Boring? How about a BK filling, will it make all us more exciting? It's really painful, PPS at this level and no buying power. What a good job PN performed?