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Home....No, not a slip. Just bad spelling. Thanks, i corrected it.
2000.....I do not agree.
Art.....Give it up. The email from the small dog was the basis for you guys selling. Now for the important stuff, the contents were not accurate. My opinion.
Many may have gathered, i believe following DK is believing in a false prophet, but he may have come close to a nugget of truth with this statement in Krom's post "Speculation about the Company being a takeover target does not have any impact on the Company’s strategies or how the strategies are executed."
You fellows who like to go down paths of thinking might come up with something interesting thinking about where this leads.
Total and the Chinese do it again...
http://noir.bloomberg.com/apps/news?pid=conewsstory&tkr=TOT:US&sid=af.Kpnc4xjO4
vine....You may be on a productive path with this post, but don't limit your thinking to just one path to achieve the same results. For others [you know who you are], i'm not part of any bunch. I'm impressed by clear logical thing, and depressed by illogical thinking and pure guesses disguised as "pure genius".
BB......We have several verbose individuals here who will never understand until it is too late. I can't wait to see what they say then.
Pepsi....No PM. 1. Mark's source. 2 was not counting him. 3 no.
Art.....I am so glad that your little gang of four sold out on your "inside information". Hope you stay out. Your reality is not the real reality, but i'm ok with you continuing to believe. Please don't change.
krom...you said "One has to be willing to be as fluid as the stock market, because new information changes things" Most of the time the new info affects opinions much more than warrented, but you go boy. Go down all of those unimportant paths and arrive at conclusions that are far from the one path or circumstance that really matters. Successful investing is more kin to sifting information than going down paths. There is always a lot of chaff [ def....worthless matter; refuse.] in any situation, and especally on BB stocks and message boards. There is always one TRUTH that is the controlling factor in any investment, and you havee not found that path yet. My opinion. Hint read pepsi's posts from yesterday.
Krom....Well that is OK as the consensus on message boards is nearly always incorrect anyway. To make money one does not need to be going along with the crowd. My opinion.
pepsi....That is funny. Keep telling it like it is.
YES!
Reason for buyout of ERHC. My Opinion.
http://noir.bloomberg.com/apps/news?pid=conewsstory&tkr=TOT:US&sid=abhKS0xszPzY
Fees and taxes are set by treaty {jdz} and psc's.
mz.... Put me on the disagree list.
Krom and Mid......After your effort to connect dots this am , you guys need to find and attend a good "DCC" [dot connecting class] and you won't find it a MSU University. My opinion.
pepsi....YES!!
pepsi....Amen.
pepsi....I agree with you.
Mid....Filing effective on 09/01/10 and Feltang was paid 08/02/10. What triggered the payment? Most important question i think.
krom...." Was there a specific event that occurred that allowed ERHC to decide on paying Feltang now? " Maybe....HMMMMM!
"and they have nothing to do with the recent issuance of shares (I think)," I think they may. My opinion.
http://www.sec.gov/Archives/edgar/data/799235/000114036110028741/forms-3.htm
Read this from the preceding and think about it.
Some provisions of our amended articles of incorporation and our bylaws may be deemed to have an anti-takeover effect and may delay, defer or prevent a tender offer or takeover attempt that a shareholder might deem to be in the shareholder’s best interest.
hmmmmmm.....Wonder who this shareholder might be???
http://www.sec.gov/Archives/edgar/data/799235/000114036110028741/forms-3.htm
Anti-Takeover Provisions
Some provisions of our amended articles of incorporation and our bylaws may be deemed to have an anti-takeover effect and may delay, defer or prevent a tender offer or takeover attempt that a shareholder might deem to be in the shareholder’s best interest. The authorized but unissued shares of our common stock and preferred stock are available for future issuance without shareholder approval. These additional shares may be used for a variety of corporate purposes, such as for additional public offerings, acquisitions and employee benefit plans. The existence of authorized but unissued and unreserved common stock and preferred stock could render more difficult or discourage an attempt to obtain control of us by means of a proxy contest, tender offer, merger or otherwise. In addition, our board of directors is authorized to make, alter or repeal our bylaws without further shareholder approval.
NO i don't think he did, my opinion.
Sneak...See my answer to krom in post #225029.
Krom....I agree it is done, but may never be made public. May be used as the basis for the required "fairness report" My opinion.
Krom.....With friend's holdings, doubt there will be a need for much more to be issued.
brez...You were not on my mind when i posted that.
see post 224937.
See post 224937.
IB....And the sad thing is DK most likely thinks he is telling the truth on this subject, but i think he is pretty much like a mushroom ie kept in the dark. My opinion.
I won't name names, but some are smarter, but there are more here who only see things as either black or white not realizing that there is more gray area involved in this situtation. Pun intended.
There is none as uniformed as those who do not know they do not know.
hmmmmmm ....Fundamental Transaction. If, at any time while the warrants are outstanding, (1) we consolidate or merge with or into another corporation, (2) we sell, lease, license, assign, transfer, convey or otherwise dispose of all or substantially all of our assets, (3) any purchase offer, tender offer or exchange offer (whether by us or another individual or entity) is completed pursuant to which holders of our common stock are permitted to sell, tender or exchange their shares for other securities, cash or property and has been accepted by the holders of 50% or more of our outstanding common stock, (4) we effect any reclassification or recapitalization of our common stock or any compulsory share exchange pursuant to which our common stock is converted into or exchanged for other securities, cash or property, or (5) we consummate a stock or share purchase agreement or other business combination with another person or entity whereby such other person or entity acquires more than 50% of the outstanding shares of our common stock (or the occurrence of any analogous proceeding) affecting our Company each, a “Fundamental Transaction,” then upon any subsequent exercise of the warrants, the holders thereof will have the right to receive the same amount and kind of securities, cash or property as it would have been entitled to receive upon the occurrence of such Fundamental Transaction if it had been, immediately prior to such Fundamental Transaction, the holder of the number of warrant shares then issuable upon exercise of the warrant, and any additional consideration payable as part of the Fundamental Transaction. Any successor to us or surviving entity will assume the obligations under the warrant.
Mid... Change of control and new company wants to do the PSC's???
mid....In my opinion, SEO would agree with this post. Think about it. He probably has. One of the reasons he will sell before EEZ drilling.
MID.... If i understand you, we should sell our interest in free carry block 2 based on one well drilled for about $100 million dollars or about 14 cents a share while we kick blocks 3 and 4 to the curb for a few years. This action should cause the stock price to rally to 50-60 cents a share. And that will be the top for the next 6 years.
Then we would be in position to concentrate on developing the no carry 2 blocks in the EEZ where we haven't even started to work out the details of the PSC's or lined up a partner or yet paid for the 3d that will have to be shot and analyized. And after all of this has been accomplished we can line up a drill rig and start punching holes at about $60 million a copy. Then in about six years we will know whether our gamble has paid off, but by then we will long since spent the $100 million, and sold some more shares on the AIM to stay in business.
Yes....PURE GENIOUS.
In my opinion, this may be one of your rare "wrongs".
MId.....There you go again on the whose "right" and whose "wrong" game. In my opunion, BB only has to be "right" once to outweigh your being "right" 1000 times with your argumentative opinions that provide no real value.
One thing i know for sure SEO will be very right when the time comes for him to cash out, and i believe it will be much sooner than when you believe it will happen. There are some very obvious
considerations he has to be mindful of to make sure he is maximizing his return on his investment that you seem to be missing. Once again i recommend you try to investigate more and pontificate less.