Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Montanore What didn't the street like about these numbers? They look fine to me.
Guy and Gls wishing for .30's can happen but not very likley. To much has changed since Last winter. The drop this time is related to the market as a whole. Look at larger companies CGV and FTI they droped. Its a bear market in stocks. Until we get news or new earnings we should go sideways with a slight upward move. The histograms are improving slowly.The major market is ST over sold. When it moves up we will a little. JMO
Good post Richie Rich however we are indirectly with the oil patch. We are a service arm. When the revenues begin to appear even in this bear market we will get recognized. However the PE may not be as great due to the bear market which does value good companies on a lesser scale. Oh being down 20% is no guarantee the full drop is over. It can also signal an ongoing plung. IMO the DOW will be closer to 10,000 year end then 14,000.
Thanks everyone.
I have conflicting screens was the low today .87 or .90? Also what was high Friday .88 or .90 TIA
BB why preface # 2 with IF I personally would not be here if I didn't believe this company is on the up and up.
Piecemaker If you contact the company and ask they will get it to you About 3 plus weeks. They are high quality material just what one expects from a high quality (under valued) company. I don't see flippers I see margin call selling. Margin players often sell the unmarginable shares. They think the others will recover and can get the lost shares back. If they sell marginable the game is over for them. We should see some recovery from DOW 11,500 area. That will get them back in with fewer shares then they had, but they will fire up the buying. Right now it is strong hands adding. JMO
Looks like someone got hit with a margin call. Margin players often sell non marginable shares.
why borrow money for expansion if you have cash to buy back shares. expansion will show growth and progress so share price will rise.
how can they buy back shares if they are filing to borrow $10 million?
The buy in out must be off. Why would we need to do an auudit to borow funds with hopes of someday going to another exchange. Buyin/out was coming from a listed company wasn't it?n
Is there or is there not an offer to buy or merge on the table?Why haven't we been told of the price offered? That would send shorts running.
tryoty Thanks. IMO this is a minor item for DOJ given the current matters at hand and the short supply of investigators. They IMO are more interested in items which currently affect a large number of voters ie the Subprime mess and the institutions which casued them. Those fines and possible recovery make any fine and penalty ERHC would pay very small. DOJ can't go after every infraction If they did Obamma would be in deep dodo for altering the Presidential Symbol.
DG with the other pressing issues (sub prime) I doubt the DOJ nor the SEC have even open the boxes. This is now small potatoes plus they would need to take down a US Congressman in the current ruling party in Congress.
We receieed our Shirts today Wow what a company. Any further price drop and I'll be buying to average up. This is a steal in the 90's
The raid on ERHE came about with a case being built against a US congressman. Since then there have been other more pressing issues which have less political consequences. The Bear Sterns event with Subprime mortgages will keep nearly every DOJ and SEC person working overtime. Those depts are short staf. Don't look for any action for a long time and most likely never.
The monkey is hiding in the jungle not knowing the lion sleeps tonight.
DG I didn't see your post. This was a conversation in a bar late at night. These young lawyers or staff were at the adjoing table. We entered into a conversation. I asked some hypothetical questions which would be an event similar to ours. Since an elected government offical was involved the powers to be i assumed would be higher ups in government who might attempt to keep a lid on things so as not to bring about a problem for their mmember. However I may have heard that wrong it may be a upper member of DOJ making the call and keeping this for a future favor or leverage. If the company is to be fined it would most likely also result in the gov. offical being charged. Keep in mind these people had nothing to do with our case and were only responding to a bar conversation about an unreal event. They indicated the US government has no standing over foreign government in such cases. The foreign government would need to begin the action.
major market getting hammered. Some may be getting margin calls. All ships sink when the tide goes out. No news is eminent so where to park cash. Right here IMO is the bottom or very close to it.
tryoty I was in DC about a month ago. We were in a DC night spot and next to a table with a young group which a few turned out to be with DOJ. Things were lose but stated off the record was a comment (I did not reference ERHC but a similar situation so it was some what clear who it might be) that with the powers to be they would need to go hard on the elected offical if any action was taken against a corp. The corp would most liklely be subject to a fine the amount was not dicussed. It was stated that if a foreign govenment was in control of rights the USA had no standing over said rights. This was late night and after lots of drinks.
What was the offering price of the supposed buy out? Why haven't the shareholders been informed and given a vote against the offer? It must be hostile not friendly. Is there really an offer?
If they can move to nasda or amex they could sell bonds vs a bank. Bonds give them more flexabilty.
jbofthecloth Since you own this stock personally you must consider the Washington DC item a very minor risk. Just one you can't justify to your bosses and peers. Also the potential gain exceeds the minor risk which may be no more then a small fine.
most growing companies don't have 2 big PR's in a 1/4. WE just had a great one. Any others will be orders received not another purchase IMO. Doesn't mean they aren't already in discussions with someone. Just takes time to get things together. Of course if it would happen GREAT something needs to happen to get us back to the 2.30-40 area before year end. Chart shows it should happen.
right brikk. I seee it range bound between 1.13 and 1.23 with a tight area between 1.15 and 1.21. Since there is no urgancy smart money buys the dips. Float is getting tighter as strong hands are accumulating.
Brikk whoever was trying to buy without affecting the chart must have changed mind. Black usually means next day is down so the buyers can load up.
looks like a black candel day. However not so bad as right in the middle of the trading range. So still range bound IMO.
Why didn't they tell us today what the offer was? Is a merger or a buy in buy out what is it?
tradeing in the range again. niblers get chance at 1.15-1.17 for a little while longer. 21 DMA is 1.13 8 DMA is 1.19. no vol no sellers buyers just waiting for their price no urgency yet. JMO.
The offer had better be close to .70 not .o7
Strasseenheim that is what I mean no reason for a gap up. There was no vol. Now no follow through vol.
why the gap up and run on low vol? what is up?
I was not aware of a div. What was the date of record holder to receive the div. and what was the div amount TIA
Right Oliy if we don't get over .53 fast we take a #2 according to my fast chart.
Wow did we just get a spike in vol.
pops6x The high on 3-26 was .37 did close at .36 the low on 3-27 was .36 thus the stock traded with in the previous days range hence no gap. Where it opened in relation to the previous close does not form the gap. Only if it trades outside the previous days range. Don't wait for .36 .37 not much chance you will fill now. This last pull back to .46 appears to be the new support. Strong buying came in.
Am I getting old and can't read but didn't Oily just have a post deleated? If so Wow can you immagine the govenment intervention we will see in 2009 if I hub hs to be so politically correct.
pops6x where in heck do you find a gap? The charts don't show one that I can see nor do the historic prices. Please point it out as to date and exact price.
Blue I think your post to me was deleated. Must have been something of a technical nature.
hoehne If you had read the previous posts of mine you would have seen I was responding to one who had made a statement as to a reason the stock was dropping. I pointed out there was also another. That is not lying nor stealing. I have been in ERHE for many years much longer then I have been on I hub. Any BB or Pink is a high risk investment. Anyone placing their $'s in should know and do DD. By that I mean have knowledge of both fundamental and technical. In these type Fundamental is key. Charts or technical only tell what others are doing; not often why nor if they are making the right choice. Remember to many knowledgeable investors the time value of money enters the selection they make.