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some people just cant accept reality...you do realize we are at .23 after we drilled five wells??? when does reality set in that things arent going well? 10 cents...2 cents?
and please enlighten us on this "group". if by group you mean people that think this company is not performing as it should...then count me in that group. me and some family members still hold a good amount of shares. doesnt mean i am going to sit back and watch as i get reemed....
do you happen to be a distant relative of one of the band members on the titanic?
jcanada - what happened? you used to be a pretty big bull on this stock with what i considered some insider-type knowledge.
seek - you still see that buyout by year-end?
seek - you still see that buyout by year-end?
but schugs/seek the light...you LIVE for dots! this is in
your(s) wheelhouse.
totally agree - logic is not a very common trait around here. blind faith is more like it.
looking at the historical prices, the price definitely went from .23 to 3.50 without any splits (and no im not using yahoo which doesnt factor in splits in its pricing). Low was on 4/30/09 and high on 10/14/10. i would call that very impressive. just wished i owned the stock!
Troy - think that was meant for me. funny though, supposedly she has me on ignore yet can read my posts. amj lying/manipulating?! go figure! just look at the manipulators she defends and you have your answer. (and i actually feel quite bad for her. she must lead a miserable life as she is always angry and lashes out at everyone...she's also one of those people that thinks she knows the most when in fact she knows the least)
hardly a conspiracy when you were born on the date of one the dumbest moves in our history and yet you defend it non-stop
60 people responded throughout this board or email by stating their share amount and then approval. You can go back and look for yourself. Audit trail is pretty simple really. I guess since it wasn't done through dots and puzzles, many people here are struggling with a very easily verified concept.
sorry i simply dont see it that way, condor. i find him to be a realist which is difficult for the many koolaid drinkers on this board to handle. he can be very rough around the edges but he is way more right and on target than people like BB, amj, doubleaa and seek the light (etc etc etc).
need you be reminded that its gotten so bad that people are EXCITED when the stock price goes above .25?????
midtier asked the board that if they so chose, they could post their number of shares only if they were in support...for those that didnt want to put their share counts on the board, he provided his email address to do so privately. i'd say its pretty legit and a good number of those 45mm shares were seen on this board. and i would say its more legit any kind of petition where people either a) make up fake names or b) solicit people who pretty much have no idea what they are signing. at least here, there is an audit trail.
you and some of the people on this board's obsession with Midtier is kinda weird/creepy
exceo....from your keyboard fingers to god's ears.
Fourth, Peter Ntephe is a lawyer, and most likely talks to lawyers.
Could it be that the circle of lawyers inadvertently blurbed something to this reporter who covers lawyers?
krom...im gonna buy you a "jump to conclusions" mat ala Office Space
i think everyone is aware of that. the point is that erhc COULD let us know but they choose not to...and HDY didnt have to announce it in the PR because eventually blackrock would have had to make the filing (timing would depend on whether they are active or passive, 13D vs 13G). but HDY did announce it in the PR because they knew it would be positive for the stock.
thanks for all your contributions!
sneak - completely agree except thats the issue. most here want them to be nothing but caretakers as i'd imagine 99.99999% here are in it for the JDZ and EEZ. the issue arises and the reason many of us are pissed is that management is not being the caretaker we want. instead they are somehow spending 5mm a year on 3 employees and then diluting us at all time lows.
just think, they could have instilled some cost-cutting measures and worked to save a million a year for 2 years instead of selling 10s of millions of shares for that same 2 million. we all know that 2mm in the oil industry gets you nowhere in terms of acquisitions etc. its simply unacceptable
You're still missing a big point. Hdy did it near highs, when there was upward momentum....giving them a seat at negotiating table with a solid position. Flip all those points and you get erhc's secondary.
Btw why won't erhc reveal who this "entity" is that bought shares and got free warrants?
sorry but i disagree.
hdy did the deal near all-time highs (even if it was at a discount) when there is momentum which is the proper way to do a PP. as i have said before, i am fine for companies doing PP's as long they are from a position of strength and not weakness. ERHC did it from a position of weakness
erhc did the deal near all time lows...#1 no no of PP's from a company perspective.
hdy did the deal with one of the most respected investments firms on the street. we still dont know what shady entity erhc sold the shares too. and as i also said before, its advantageous to make the entity known (if that is entity is reputable). why do you think HDY included it in their PR????
sorry, but your argument holds no water with me. and apparently the market agrees with me. erhc has been in a downtrend and HDY shot up today as they did the PP perfectly.
If you are sitting in a bar and overhear two corp execs saying they are doing a deal tomorrow and then trade on it that is not insider info
mid - thats incorrect. that is ABSOLUTELY illegal and considered trading on inside info. talk to any securities lawyer and they will tell you that. info not available to public is fine to possess as long as you dont trade on it (no matter how you obtained).
ERHC management take note...thats how you do a PP (WHEN THE PRICE IS HIGH and to a very, very, very reputable investment firm).
funny how we dont know who even was involved in our PP.
Or she and her friend simply don't buy or sell on the info and that's it - no laws are broken. Doesn't sound like she was a shareholder to begin with if all this is really true.
wait if you have him on ignore, how did you see that?
still waiting for the explanation
this pr was not put out by erhc. it was put out by enercom. if it was put out by erhc, you would see all the usual info at the bottom. dk is still doing the PR.
i have no idea what you are talkng about? care to explain?
"you will have to deliver them at the price you shorted"
Big big big lol there. If you short at .60 and it goes to 1.00, you exercise your warrants at .28 and deliver your .28 cent cost basis shares and make .32. Some master trader you are.
really? didnt they just raise the most expensive 2mm dollars possible and plan to do 48mm more meanwhile spending 5mm a year on god knows what?? i wish they would be caretakers...but in case you didnt notice, they arent doing that and that's what has people who arent passive and who are more type A's up in arms.
and ps...i have never once threatened legal action. class actions are generally useless.
so you use the most extreme example possible...c'mon pepsi youre better than that. did you know that victor pandit is paid 1 dollar each year as CEO of Citi??? so lets compare to that shall we??
are you that blind that you dont think there is an issue with a shell company with 3 employees having 5mm in expenses each year????
never once mentioned the SEC...probably ever. thats not the issue....though you probably still dont see it.
pepsi - you realize these deals happen all the time and alot of the time the buyer just shorts it and covers with the PP shares. not saying this is definitely the case but it could be and that its not all pie-in-the-sky.
also, if an institution did invest 2mm, that's generally chump change for someone with decent AUM. and near all time lows, the upside-downside is pretty attractive. how you can not see this was extremely expensive for erhc is beyond me...
lol pepsi - you really think that was an on the spot interview? they probably had 2 or 3 days to refine the answer and then submit a final answer. that's what makes it all the worse.
edit: i see tap beat me to it.