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Why have the alarmist attitudes???
We've known for days the "E" was coming.
We know why. The 10-K is late.
We know the report will be filed as soon as they finalize the... nevermind, we don't *know* about that yet.
We know Brandhuber said it'll be out pronto, as in maybe even this week.
Anyone with an alarmist attitude most certainly has a buy order in. IMO, if they want more shares they should pay up and stop the message board antics.
Boo hoo hooo, I expect when you find out WHY the filing is late you'll want to kiss the @ss you're chewing.
Just a thought.
RKT, it wasn't a "bust" of ANY kind!
immoralasallgetout, enough already.
I have nothing against trading/flipping, but to use a message to encourage it in your favor just identifies slimeballs.
Strass, repost of Brandhubers email to me:
It was pointed out that he signed this one slightly different than the other (left out his middle initial). I'm guessing that he and Jane were plowing through email and that explains the difference.
____________
Brandhuber speaks!!!!
I like "vast improvement", vast is good!
"Dear xxxxxx,
I understand your concerns and am taking steps to rectify the situation. We have a very small organization and can not hope to address all the e-mails received. We are hiring a investor relations firm to better address shareholder concerns and to provide better information on the company's activities. Please be patient a little longer and you will see a vast improvement.
Thank you,
Walter Brandhuber
President/CEO
ERHC Energy Inc"
Strass, jdubs repost:
Email from WB...
Ok guys. I just received email from Brandhuber. I've been in contact with him since mid-April but held this from you on his request (up until today.) He asked that I send his earlier email (April 28th) to you that would give you some info. ENJOY!!!!
Dear Mr. XXXXX,
>
> Thank you for your kind remarks.
>
> I understand your concern for more information about the company's
> activities and progress. When I joined the company in late January the
> company faced a whole series of critical issues that needed and continue
> to need my undivided attention. It is my objective to growth the company
> and to significantly increase shareholder value during the course of this
> year.
>
> We are preparing a investor road show. The date will be announced. A
> series of interviews with film footage will be aired on CNBC in June or
> July.
>
> Rest assured that major developments will be announced in a timely manner.
> However, it takes a lot of preparatory work before we can take it to the
> market. We are making up for a lot of lost time in the past. I ask for
> your patience and support. Thank you.
>
> Sincerely
>
> Walter F. Brandhuber
> President & CEO
> ERHC Energy Inc.
I doubt we'll see a drop, the knee-knockers all bailed during Monday's ride. We may see a few resident traders attempt to trade a possible dip, but IMO, they'll sell into hands that won't sell back.
Candyman, given the amount of email we've piled on recently it's obvious that multiple people dug through it all to speed up the reply process.
ERHC Energy has entered into agreements with Addax (mcap < $3B), ANadarko (mcap $29B), and Sinopec, the 7th largest oil producer on the planet. Each of these contracts has been approved by the legal teams of all partys involved. Does anyone here REALLY think ERHC isn't legit anymore?
Recent trading would suggest yes.
It is my belief that the 10-K was delayed so they could add to the "subsequent developments" section. I believe the addition is a positive... a teach the daytraders a lesson ball breaking positive.
CobraJet, since ERHC has full carry in it's blocks its "rights" are to a periodic check from Sinopec, Addax, and Anadarko.
The big boys *may* buy Addax to get its percentage, but ERHC would still have its rights to oil and full carry.
Anadarko is probably too big to swallow, but can you imagine what the Chinese would have if they bought Anadarko, Addax, and ERHC?
Massive access to massive oil. That's not gonna happen, I don't think the JDA would allow it, but it's fun to think about!
Anyway, the answer to your question is... Law.
texspec... regarding the 10-K...
In every email sent out by Brandhuber today he seemed very upbeat. Whatever is holding up the 10-K isn't negative. I look forward to it.
LOL@Salgomat...
How can it be the "next ERHC" when we haven't seen but a fraction of the FIRST ERHC?
"Next ERHC" ROTFL!!
Let's have a first one first!
Certainly not a DULL stock to own!
lbm, that ain't no horse!
I was on my SOAPBOX!!!
Some need to dismount their high horses.
It is comical that some of the very people b|tching that the company should comminucate better are now b|tching that Brandhuber answered some email.
There's no conspiracy here, the CEO finally had a little time and answered email.
Some people just can't be satisfied.
Brandhuber speaks!!!!
I like "vast improvement", vast is good!
"Dear xxxxxx,
I understand your concerns and am taking steps to rectify the situation. We have a very small organization and can not hope to address all the e-mails received. We are hiring a investor relations firm to better address shareholder concerns and to provide better information on the company's activities. Please be patient a little longer and you will see a vast improvement.
Thank you,
Walter Brandhuber
President/CEO
ERHC Energy Inc"
angry, I look forward to the day when youpost as HappyAsian.
What share price will get you there?
gimme a friggen break, silver belle...
ERHE is down SEVENTEEN TIMES MORE than those others you posted.
Brandhuber has engineered a meltdown and doesn't give a shit.
When he wants it back up. It will go up.
I've heard it's purely political in nature.
Why would they need financing with $45M in the bank?
On the eve of striking oil is NOT the time to use your equity to raise capital!
Apparently a 40% drop in share price isn't an issue...
for our CEO. Anyone still want to kiss his @ss?
Good negotiating skills are irrelevant if you are willing to watch the share price implode. This company doesn't deserve to be anywhere but the OTC.
Until they quit acting like trash they should be on a market of trash.
I voiced my displeasure to them again today. I wonder if those that said doing that was a bad idea last week are getting any closer to getting off their butts.
The magnitude of this drop is reaching levels where a class action can't be ruled out.
amj23, what deals? who's heard of any deals?
Playing devils advocate here...
According to ERHE's PR's, something called a PSC was signed. Oh goody. Certainly not very glamorous.
No mention of getting $45M for the deal.
No mention of the percentages in each JDZ block.
No mention of full carries. We're being brought to oil production in the most prolific oil patch on the planet and we don't have to spend ONE DIME! But no mention of that.
Nobody knows. Brandhuber negotiated incredible deals that should have rewarded him handsomely and then he forgot to tell anyone. He has his head up his arse. He could have earned the title of genious but instead is labeled a goat (sorry LowFloat!).
rheddle, "News of a buy-in might come at any time"
At what price would they offer?
At what price would we sell?
This was the post that discredited oilphant, "sinopec is buying SRS" in Morse code, if you remember.
Nobody is buying or selling ANYTHING until they know what they are buying or selling. Oily screwed up with that one.
No wells, no deals, period. There may be some talk at the end of the year if we poke some holes into some oil, but not now.
I would be shocked if EITHER side made the mistake of buying or selling the unknown, there's just too much risk.
"Yesterdays panic selling" LOL!
2.5M shares traded yesterday. That's .35% of shares outstanding. If a third of a percent volume is panic selling there is paninc in every issue, every day.
The 10-K wasn't filed and the MM's took it down hard on low volume. Traders jumped. Same ole story.
I'd love to see the 10-K pre-market Monday with some interesting tidbits, maybe even a bombshell.
There are certainly times to trade, now is NOT one!
bskjohnson, this isn't rocket science...
If Brandhuber is too busy to handle IR then HIRE SOMEONE. He has $45M at his disposal. If he can't solve this SIMPLE issue we may be in for a long and bumpy road.
I'm not adding to the board clutter by just bitching, I have sent 4 emails today trying to get mgmt to realize the lack of communication.
How many have each of you sent?
"Brandhuber is too busy" is a bunch of cr@p.
With $45M in the bank there is NO EXCUSE to not hire staff AND hire a PR firm to promote the company. Absolutely no excuse whatsoever... unless you're SEO and are just hoping for a $2 buyout.
Anybody, explain it any other way. They've got more than enough money to fix the problem. Brandhuber doesn't have to bear the cross alone.
HIRE SOME STAFF!
Seems pretty simple if you're overworked, don't you think?
Who was the Einstein that bought Meridian a membership?
Refund the money to them and revoke M's membership. If he wants back in, let him... with his credit card and identification. At least we'll know who he is.
It's pretty clear that giving him free anonymous full access has been... well... a bad idea.
IMO, the guy is, or works for, a major Nomad for the UK AIM market. In a nutshell, his interest to deceive us is a good sign. There are those out there that see where ERHE could go.
Meridian falls in that category. He has the morality of a Bourbon Street rat, but see's ERHE worth the risk he is taking.
hdot, for you it may have been 3 years...
but in reality ERHC wasn't a real company until those PSC's were signed, and paid for. It had 3 employee's, no revenue, not one dollar, and no assets.
ERHC Energy is a company that is only a couple months old, and it's ready to rock!
I'm with ya DeGen, increased my holdings by 30% this AM.
It's like a candy store!
Badog, you said, "You are so impatient that you are frustrated"
Impatient? Not really, please know that. This is a 5-10 year play, I know that.
Frustrated? Damn straight. If this company screws up much longer in the PR arena everyone will get bored and jumped at a $3 buyout. Is that what you want?
ERHE doesn't have proven value yet, but its probable potential makes the current share price a joke. Any management willing to accept this price as fair is under-achieving what shareholders deserve.
Sorry Badog. Sometimes the news isn't always peachy. Bottom line, Brandhuber could negotiate ERHE into owning Saudi Arabia and it wouldn't mean a d@mn thing because nobody would know. Tell me you at least understand THAT!
You are soooo enthralled with ERHE you've forgotten how small they are. This company literally has mere months to reach critical mass or it will be gobbled for pennies. THAT is why Meridian is here. IMO.
Don't fall for it. ERHE is in play right now, for pennies. Meridian's bashing as hard as he can. I see it and complain that management hasn't brought us to fair value on the verge of an offer and you scold ME? This thing could be bought out in a matter of days and you want to preach patience? Apparently your target for this share was waaay friggen lower than mine.
In your post that I replied to, points 1-3 are relevant, point 4 questionable, and the rest pure fantasy.
ERHE's sole asset is its rights. It's business plan is to exploit those rights. We've been told that the intent is to sell those rights at the highest price possible... how can you be confident in the future when the very foundation of that future relies on PR that this company can't seem to deliver?
Demand more from them. I have.
Lughead, your words sound as if spoken by management itself.
THAT is the problem. In a "normal" environment management acts in the best interest of the shareholders because said management ARE shareholders.
Not the case here, so Brandhuber apparently could care less if ERHE is 0.70 or 0.10. I have a problem with that.
I'm not looking for fluff. There have been newsworthy events that have gone unrecognized. Instead we've had a Nigerian BOD installed and we all know how they like their palms greased.
Offor has the potential of near Bill Gates wealth in a decade or two, but he seems more interested in letting his buddies in at our expense. I have a problem with that.
Manti, I thing most here just want them to be professional.
They say they're trying to build a large oilco here. Alienating shareholders in the early days will not accomplish that. The lack of progress ERHC Energy has portrayed in the media is intentional. That will hurt them in the long run.
They let the biggest day in the company's history go by unnoticed when the PSC's were signed and they let the company's first revenue to the tune of $45M+ dollars go unmentioned. That's incomprehensible. This isn't XOM, this is a minnow. I have no doubt they will be bought out, would you rather vote on $1.50 or $15.00?
The way they are handling PR it is clear they are trying to keep the share price down. With a reputation like that they won't have much success building a large oilco.
Manti, you really should think about that. Markets remember a company's past, BELIEVE me, I know that all to well. ERHC is establishing a past that it will regret for half a decade or more.
Are you willing to wait it out?
Meridian, the changes for that $8-9 bid blogboy mentioned must have slowed them down!
It is tryoty. t-r-y-o-t-y. There is no TROT, there is no SKY...
there is only a TRY, and an Oh-Tee-Why
angryasian,
You said:
"There is an huge upside however and It WILL HAPPEN SOON"
I would like to hear everyone's input, including M, O, & U.
So just what do people consider "soon"? Everyone says it, so just what is it? It's about time some REALISTIC expectations are set.
Soon is:
A.) 1-3 years?
B.) 3-5 years?
C.) 5-10 years?
I agree fiz. Email the company and demand information. I did and will continue, but if I am alone it will be meaningless. They need hundreds of emails from hundreds of investors around the world demanding information.
A message a week whining about the lack of PR will not be noticed. Impact the performance of their network with all complaints and even Brandhuber might wake up.
"Maybe Meridian knows" LOL.
Maybe Santa Claus knows!
I'm not dogging you oilman, but Meridian has been a source of disinformation just like oilphant and umbra. Whoever they are "hiding" behind these aliases is unknown. It is clear that they are trying to hold the share price while things develop.
As I said earlier, they are doing more damage than good.
Checkmated? More like butthumped. eom
maestro, this is a moderated board...
...they control the direction and sentiment, whether right or wrong.
You can be sure that while they aren't being paid to moderate this board, they are being compensated via the trading opps this kind of control presents.
Relax Walldog, we're just suffering from the posts of "those in the know".
The more unrealistic expectations that are formed from...
"very, very wealthy by Easter"
"herd of elephants"
"$2-3 after PSC signing"
"Hercules"
"early oil on #2"
It is posts like that, probably posted by average ERHE shareholders, not insiders, that set unrealistic expectations. And when those expectations aren't met, we slide.
The funny thing is I don't think these posts were made by flippers looking to sell. I think they are made by battle weary true longs that believe in ERHE. The irony is that they have hurt their own position when their intent was to help it.