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Rocket How often do check you own board? Just wondering
exceo Excellent post That is the oil business and ERHE is a Royality player not an exploration player. Different risks eqaual different returns. The Royalty player needs as much information as the driller to determin the true risk. Seems we aren't on a level playing field as CVX Adddax etall know more then the ERHE share holders. With Sir EO gone we don't have the balancing factor we did. JMO He had knowledge of he fields we can only guess at. It better be a buy in Not a Buy out. A buy out would throw up red flags in y book. Also any Reverse split or any re adjustment of share structure.
OK Littlebit are we now jumping into a differnt frying pan. Sir EO brought ERHE big blocks with no carry and estabised ERHE as a Royalty company. Now will the Royalty company be sold for discounted $'s prior to shareholder knowing the true value of the leases? The Irony would be could Sir EO be a party to those buying the rights as he could be a member of a small group of investors buying the leaseholds of ERHE. IF ERHC won't be ERHC but oil will be oil where will the Share holders of ERHEC be?
are MM's looking at the gap and think they can fill it?
ot The Dane
Did you get back into ERHE? Oily missed you. SEO is out.
ERHE moving up, CEO resigned CC next week This minnow could be sitting on the largest oil find ever. XOM and CVX been trying for theeir holdings. Do your own DD
thanks Manti. I'm just attempting to see where to place a buy order. Has the bottom hit or do we have 2 or more down days. The sellers have been dumping but who has been buying? Has it been board members or ???? The CC is the wild card. Gamblers place your bets? or are there 3 more trading days to get a better buy?
tyoty IMO there are a lot of posters with 100,000 or few shares who post here often. There are a lot who have several 100,000. ImO those like myself with in the vicinty of 1/2 mil or more will be available unless an issue which can generate more capital which demands our attnetion happens to occur. I liked the idea of pre addressed questions. In the past not all have been able to get on has been my experience. Maybe in part to poor conections.
Degenerate I believe you osted you have level 2 and a certain MM is the constant ask with no bids. IS tahtholding true? What are the bid and ask on level 2 if you can please? TIA. Hopefully you'll be able to relay this in the Am after trading begins.
Didn't someone post "have dry powder ready"? That someone must have known of a selelr who would be selling for some reason. It was also posted price rise or something to that effect in 10-14 days. That someone may know there was a time frame for he seller to dispose of the shares. That seller had that need due to some event which was likely not connected to ERHE IMO.
Ballonman I have believed for a long time that GEH was a company spokesman. Perhaps the behind the sceens PR man. He gave information when none could get it, or the company IMO wanted to get something out. All the items early on about the rigs, and last the almost immediate release of the RD document itself.
twisted the difference is authorized and issued.
So it appears there has not been any buy back yet?
rook it appears it was a MM selling to his own account on the ask.
some big spender .40 but the commision? Oh thats right it likely wasn't a real buyer just a MM saying HELP.
rocket when did you find out about the upgrades being done to the rigs? The last I heard was they were in a yard waiting delivery, but the weather did not permit them to do so. Appeard to be a road embargo.
Hayhauler my investment in AMEP was much much more then what remains. I consider this an extream high risk, but if the R/S is defeated we could see a pop. If we can replace CB there is a great chance for a real run. If there is a classs action lawsuite I'll recover.
contractor CB is a negotiator. When the RS get voted down yes he will propose another RS. However he may first try an alternative tactic. In his mind as the share price is held down the stock holders are more apt to come to his ideas. On our side is the closer we ge to an annual meeting and the ability to vote out him and the board the better our negotiating powers. Its now going to be a game of time. Many investors in penny stocks have a short love life with a declining stock He is betting on this. Most have no clue as to how to value a resources company. aThis is not a Dot com company. To many young investors won't have the patience to hold and they sure don't have the guts to fight. They belong to the cut and run generation.
Nelderand
I voted No. I have about $36,000 invested. Now under water. If I can't get out even or near even I can take it as a loss against other current long term gains. I liked this company early on as it was Barnett shale where I have other investments so I understood it. They had their own rigs as I saw as a big plus. I didn't like it small acreage holdings. At one time I had more acres then they curreently have in the oil patch. Mine were spread over many western states. The ones I still hold are only in 2 states.
Nelderand we may be on the same page just saying it different. It is the potential dillution which has casued the drop, but there will be reluctance upon future risk takers ie new stock buyers and even lenders who accept options for shares as a sweetner.The CEO has in effect said he is reneging upon his business dealing contract with the company. That does not bode well for future business with stock and lending agencies in the oil patch. If the RS fails even then the SP will suffer IMO as they see CB and the board as ones who can not be trusted.
If we get possitive drilling results we have ability to do a corporate bond or a bank loan.
ajaxx when a comoany does a stock buy back it is a sign they don't see any resonable opportunity to invest in. They have given up on attempting to expand the growth of the company and want to mask a decrease in performance as they will hold up a share price which other wise would drop. Present worth of future bennefits was usually based upon an earnings growth which now has dropped. So share price should drop but the buy back prevents a sever drop. Also allows top brass to get options and exercise them. First sign IMO of a company having a loss of growth is share buy back.
the reason the SP is down is lost trust in the leader. He has an agreement with the company for a set fee. He now wants to extract a bonus via fear tactics. This type of manuver throws up red falgs for future loans and share sales. Rejecting the RS is the first step to returning the company to an orderly market. IMO
Contractor I won and lost. I didn't get all I went after but did end up with 3 members of the board being replaced. The company also implemented restrictions as to ownership of shares which now prevents members of the board acquiring shares. It had appered some board members were attempting to take over the company. As for the $15,000 I suspect it would take closer to $100,000 in todays legal fees. Also at this meeting there isn't a vote on officers. I don't remember seeing anything about a proxy covering votes on new business. We would need to begin action prior to the schedualed annual meeting or petition for a special meeting.
contractor One way is at the annual meeting candidates are submitted from the floor. It may be possible to also have these names submitted on the offical documents sent out from the company. Depending upon the articles of incorporation or incorporated state's laws one can have amendments and noninations presentated at the time the annual meeeting is called. It may also be possible to call for a special meeting. The cost to do so would be the burden of the one calling the meeting. About 25 years ago in my younger days I did challenge a small unlisted company with about 500 share holders. Under the preemptive rights of shareholders I obtained the shaerholders list and did a proxy letter. I used an attorney who cost me nearly $15,000 and my printing and mailing came to about another $500. Since I was implementing a hostial action I used an attorney to keep me away from any lawsuite in the event I didn't follow proper proceedure.
regardless of the outcome of the vote the creditability of this current management to obtain financing and or sell shares has been severly compromised. If you were a lender or stock buyer would you take a possiton now kowing that the current manager did not follow channels to obtain a new managment contract? Instead he used threats to attempt to gain control of the company. The only way AMEP can see an increase in SP is to remove CB and his staff. AS soon as the vote is over an action should be implemented to remove them and the BOD.
weather map show rain is gone from the TX area. How long before it is dry enough to drive those new rigs north?
If a buy back is taking place the MM's sure could tell. Why would they let the shares go on the cheap?
exceo I can remember when I saw TGA drop back to the 1/4 area and added. I have never regretted it. If you believe your DD you stay with your DD until its proved you are wrong. With oil exloration that is one long term wait. I just released land for 3 and 2 I amy ahve to wait 5 to see production on that. Of course that is low risk as I have a very low cost entry and the lease payment was more then my original cost. Gee I love mineral rights if I can get them at the right price.It looks to me as if ERHE has the mineral rights at the right cost.
Sidewiner are you talking dollars or shares? Your number is very close to my hard dollars.
Rocket when I spoke with the company I was told the Rig could not be moved due to all the rain in TX. That told me the rig was built waiting delivery and sitting in a yard or on trucks.
That is why someone must be there to challenge the proxies. Someone other then management needs to be there for the actual counting. Numbers can be turned in by machines and collection companies, but who monitors the final count? Usually its managment
CB has an agreement to work for the company. He accepted a set amount he is to be paid.If he expects a bonus he needs to prove to the owners (shareholders) that he has increased the value of the company. Based upon the increase I would favor a bonus. What he is demanding is ot fair. His method is extortion. from what he has just done it appears the value has dropped. Why give a bonus for failure?
righty the origninal post did not say Peltier wasn nominated for the Nobel Peace Price just a Nobel Prize. There are many Nobel Prizes, not just the Peace prize which is the one you keep referring to.
Righty Correct but wrong. There are many Nobel prizes Anyone can nominate, but if the recommened guide lines for that particular award are not with in the guide lines of the committe the nomination will be disallowed. However anyone can be nomintaed. Every year many are sent in who do not qualify, but they are sent due to resepect for that individual. Do you think Rush Limbaugh will get a Nobel prize. He was nominated.
Anyone can nominate anyone for the Nobel Prize. Its just send in the form. But being accepted that is another matter.
wow campioni back to 1/2 it was before the RS announcememt Gee that is really great.
Kobiashi I believe that to be correct. I can't see how a USA gov can negate an old contract between a buissness entiry and a foreign entity especialy one in which there was a service provided. The US government can notestablish fees a buisness can charge a foreign entity it would be restraint of trade.
Freemarket. I'm not sure it would have cost $50,000 for the update. THe field in question is not that large. I woud favor a new evaluation before splitting up the company or selling off any part(s) of it. I think any prudent buyer would also want that. Even if we have one a buyer may perform ne on their own just to verify.
Baddog sorry that is RS not RD