Questions I'd like to understand...
1. If we as "small shareholders" continue to buy at this level will we not be able to stabilize the price and force the convertible bondholders hand and force them to convert sooner rather than later if we stop the SP slide?
2. If in fact we were able to rally and stabilize the price and the CD holders converted (and there are so many that many claim it is toxic) wouldn't they then want the price to go up to make a profitable investment?
If these above are true, and everyone believes that our assets alone give us a higher valuation then is currently reflected by the market, then wouldn't the result of large volume buying from retail investors create the catalyst required for a stock price increase to true market value?
I don't know much, I have followed ERHE for a couple of years and am a small shareholder, but it seems that even if everyone just wants out of their investment at a smaller loss than we have already incurred now is a fantastic time to force the hands of those wanting to convert their CD. Even small buys in this stock create large swings in the SP so I just don't understand the fear in buying if shareholders could agree on the strategy. I fear we could easily slide to 000's but not because shareholders believe that is the value, but because we are afraid of the bondholders when in reality we can control when they convert.. Correct me if I am completely off base.