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If he's Oily...17 dollars a barrel...lol
I agree with you Midtier. If the AA is replaced, it's not a big deal....I'll take a more modern drillship over the AA any day of the week.
But it seems some here look for things to worry about. Guess we will have to look forward to many "The AA is gone and the sky is falling" posts over the next couple of weeks or so....
Yep....CanWest Petroleum....Canadian Tar Sands stock......
from mid to late 2004.....to around early to mid 2006....went from .34 to 8.00 a share....if people were smart they got out around 8.00......went back down to 2.00.....currently trading .89
Now you're talking DG....since ERHC is my lock......I'll ride MarkG....and place a c-note at on/before April 30th at 4 to 1. ;)
Hey Try,
I'm not able to reply to Pm's....do you have an e-mail address that you're willing to share?
Hi Exceo,
A dollar by July 1st....or you have to sell??
Drilling is so close....any chance you can renegotiate that deal and push the deadline back 60 days or so to September 1st? ;)
Hey Try,
Just want to make sure you understand that I was not being critical of your decision to sell some of your shares. I was trying to be critical of the reasons you gave for selling. It seemed like you were trying to give reasons that would satisfy certain people on this board who were going to get all over you for selling.
You wanted to take some profit....good for you. And you shouldnt have to defend yourself for making that decision. Bottom line...its your money...you do what you gotta do...who cares what anyone else thinks......
Hey... dont forget to share if you have a line on any other hot stocks...;)
lol....yep.....heard that a lot.
Try(continued)
""""My absolute conviction that a deal before drilling is a monster red flag. It is a vote of non-confidence by management toward what might be there.""""
I think you have a number in your head on what ERHC is worth, and i think you believe that if there is deal it won't come close to what that number is. That's not a red flag....that's being angry and maybe just a tad greedy that you didnt make all the money that you though you were going to make.
Hmmm....a vote of non-confidence? So let's say Addax buys us out. Is Addax management sending a vote of no-confidence toward what's in the JDZ by buying us out??? Of course not...unless you think that ERHC management knows more about what's in the JDZ than Addax management?
Ok...my three guesses on why your sold 20% percent.........
1)You're getting scared about ERHC and Oily made you panic into selling 20% of your investment.(I DONT THINK THIS IS THE REASON)
2)You know certain information that others here are not aware of and you're acting on that knowledge.
3) You're pissed off about there being a possible deal......so you thought about it...and came to conclusion that Mark's source is wrong....and that there is no way ERHC would make a deal this close to drilling. So you decided to you would take advantage of ERHC's recent run up to the 40's by selling shares and taking some profit. That way if Mark's source is wrong....ERHC will drop back inot the 30's......and you will take your recent profits...and buy back into ERHC....giving you additional shares leading up to drilling.
I'm going with guess number 3....:)
No Offense Try.....but wow....those are some WEAK reasons for selling.
"""Mark G's source not coming through... again (not a shot at Mark)"""
Several week's ago, Mark's source was on the money. What do you want Mark's source to do this time...give you the exact date and time for when the news is going to come out ? Mark said that he was 110% about the news coming out by April 30th...now after then...you can say his source didnt come through....not before.
"""""oilypants giving up and still saying we won't like it as he heads out the door. There's no reason not to be honest on your way out.""""""
LOL...you got to be kidding Try. Some stranger posting on a board...you don't know what his agenda is....heck...you don't even know if he is gone for good...lol.......and you let what he posts play a factor in how you handle your financial investments???? That's just dumbfounding. I've been invested in ERHC for going on two and a half years....and I've been reading here for over 3. I have never seen Oily make a correct statement.....and if he ever came close to having his chatter be right...it's nothing that I didnt figure out on my own beforehand.
"ERHC will not be ERHC"....people will point to that in regards to Oily being right. Heck, I knew that before I invested in ERHC....its the oil business...small companies get gobbled up all the time. Every friend and family memeber I told to get in this company, the converasation ended with this sentence...."odds are ERHC will be gone before oil comes out of the ground." Like Bob Dylan said....'You don't need a weather man to know which way the wind blows." And you certainly dont need Oilphant.
to be continued.....
Hey Mark,
Hope you're getting your work done and are getting a chance to enjoy San Fran!
Are there any other tidbits you can share to help get us through this long upcoming weekend?
Once again...thanks for the info....it is greatly appreciated
Thanks Drift
Hunter,
I've been here for nearly three years, and I've never been a fan of Oily. I'll tell you why people finally got fed up with Oilphant....and its got nothing to do with Oily suddenly "turning" negative.
First off...his post were cryptic...and he rarely explained himself.
Secondly...Oily's prediction were always wrong. And did Oily ever own up to being wrong? Never. If he made a prediciton on a Tuesday...and it was proven wrong on Thursday.....he would ignore that fact and just make another prediction on Friday. It was laughable.....
And lastly, he posts about ERHC were all over the place...bordering on schizophrentic. Sometimes Oily would post several days in a row about positive things that were "going to happen" for ERHC...and of course they would never occur....and then he would disappear for a short time...and then return....only this time to post on how bad things were coming down the pike for ERHC. This would happen over and over and over. And when other posters questioned him about his posts being contradictory....surprise....he never answered them.......
Oily did this for the three years since I've been posting/reading here...and it's about time that people here got fed up with him...heck...the mods should have banned him a looong time ago.
Why did oily post and what were his reasons for posting? In mp opinion, there can only be three reasons......
1.) Oily truly did have a source...unfortunately his source was schizophrentic...and never ever right. lol
2.)Oily didn't have a source. But he had "problems" of his own, in which he needed to be the center of attention on a meassage board full of strangers.
3.) Oily manipulated the posters on this board for financial gain.
My bet is number 3...with a little bit of 2. :)
Absolutely...me too.
We're invested in this company because of the rights they own. ERHC gets bought out by Addax....Addax gets our rights.......they drill..find oil...Addax takes off like a rocket.
I'll follow whatever company has these rights until the drilling is complete and we know what's there for certain.
Once again Mark..thanks for the DD and the possible news.
Next thing you know Oilphant will be posting this:
chatter: ERHC is a Nigerian scam
;)
But obviously, it must be one heck of a deal...since you put up the Vegas sign?!
If this comes to passs...you get a Vegas night out...fully comped....by me! ;)
Mark...thank you for the news...and thank you for not being like Oilphant! :)
...Along with war with Iran...17 dollar oil.....etc...etc...
Oilphant....thanks but no thanks......
We will wait for Mark G to give us the REAL NEWS
No wonder you're giddy!
I hope your source is on the money with this one.
Thanks Mark.
Amen!!
Hey Mark....thank you for news.
Can you give uas a hint as to what has made you so giddy about this leak. Can you tell us what the leak will be alluding to?
Thanks for all you do..........
Hey Mark...thanks for the all the info man. Can you post your email again...thanks.
Maskers...........
Oil is going to go up...its just going to take a little time. I expect oil to be a roller coaster ride over the next 8 months or so........but in the long run....the next 24 months....oil will revisit the $150 dollar mark.
Just wait til the Fed starts injecting money directly into the system....quantative easing.....it didnt work in Japan...it wont work here.....its going to be an interesting next couple of years.
chatter: the soon to come oil rebound will turn erhc's frown upside down
chatter: The Platypus swims in the JDZ. Question is...Does ERHC fit the bill?
Hey Oily,
Remember the term quantitative easing I mentioned in my post to you?
Well, here's an article I came across 20 or so minutes ago...make no mistake....the U.S. will follow suit.....
Bank of England mulls "nuclear option" of cash injection
The Bank of England is working on radical plans to inject cash directly into the economy - the nuclear option to be used only when interest rates approach zero.
By Edmund Conway, Economics Editor
Last Updated: 10:39PM GMT 04 Dec 2008
Handfuls of £20 pound notes. Photo: GETTY In what would be a major departure for British monetary policy, the Bank is considering pressing the button on printing presses by engaging in a so-called policy of QUANTITATIVE EASING. It emerged after the Monetary Policy Committee cut borrowing costs by 1pc to just 2pc - the lowest level since 1951.
Oilphant.....
You just posted to Walldog saying that ""ERHC will soon have no rights"""
But yet two days ago....you posted this.......
""""gas:I'll take an ERHE position @ $.07
OHO"""""
Why would you take a position in ERHC if they have no rights ??
I think everyone here would like to hear your answer......
How about it?
Oilphant,
You're putting your trust in what Merrill Lynch says?? LOL..
Oh boy..no wonder your predictions never come true. You listen to and put your trust in the wrong people.
Remember when oil was at $140.....remember what Goldman Sachs said? In case you don't remember, the article is below. They predicited $200 dollar oil. The "experts" at Goldman were wrong.........
By the way you post, you make youraself out to be some kind of all-knowing economic oracle....hate to break it to you....you're not.....not even close.
Do you even understand economics Oily? Have you studied it? If so, are you from the Austrian school or are you Keynesian? My bet is neither. Why do i think that? Becauase to back up your predictions you paste articles by Merill Lynch....the "experts".
Did Merill Lynch or Goldman Sachs see the economic crisis coming in 2002...or 2003...or 2004? No...they did not. So why listen to them now?
You know who did see it coming? Individuals from the Austrian School....Gary North...Bill Bonner..etc..etc. They've read and understand Ludqwig von Mises and Murray Rothbard.
I got laid off in 2007.Know what I do now...nothing. I consider myself to be retired. Am I a genius. Nope. But what I do understand is economics. I got into Gold in the low 400's...oil in the 40's(on its way up)...sold my house in late 2006..before housing collapsed. Do i have a crystal ball? Nope...i study economics....the Austrian school.
Here's tip for you Oily....read up on quantitative easing. Because that's the Federal Reserve's plan to fight deflation. They are going to fight deflation by injecting a ridiculous amount of money to the system......there is no set dollar amount.....the Fed will inject whatever it takes.
The next thing we will see is Inflation. Do you know what inflation is Oily? It's not an increase in prices.....that's a symptom of inflation. Inflation is an increase in the money supply. The Fed has added trillions....they will add much more. Inflation will follow....it cannot be stopped. Trying to stop it would be akin to trying to stop the sun from rising in the morning.
It may take several months.....but i guarentee....this country will see inflation like it hasnt seen since WWII.
Stick to making predictions about ERHC Oily.....and leave the economic predictions to the people who know what they are talking about.
Goldman Sachs: oil will super-spike to $200 per barrel
Wednesday, 7 May 2008
Three years after the investment bank invited ridicule by postulating a " super-spike" that would send oil over $100 a barrel for the first time, the Goldman Sachs analyst Arjun Murti warned that high prices would last even longer and go even higher than previously thought.
In London trading yesterday, Brent crude moved above $120 for the first time, while light sweet crude traded in New York set another intra-day record over $122, before settling at $121.84.
Mr Murti predicted that, although Western countries were beginning to discuss the need to reduce energy consumption, there was still no sign of the excess production capacity needed to cool the market. "The possibility of $150-$200 per barrel seems increasingly likely over the next six-24 months," Mr Murti told clients, "though predicting the ultimate peak in oil prices, as well as the remaining duration of the upcycle, remains a major uncertainty... a multi-year decline in global oil demand is needed in order to recreate a spare capacity cushion and bring about potentially lower energy commodity prices."
Goldman says that the factors leading the oil price higher remain firmly in place, particularly a lack of supply growth. Countries in the Opec producers' cartel are close to capacity, the growth in Russian production is slowing, and in Mexico it is falling. Meanwhile, demand from emerging markets continues to soar.
Mr Murti added: "We believe there is a fundamental misperception among many in the oil industry, Wall Street, the media, politicians and the general public that so-called 'speculators' are driving up the oil price to supposedly unjustified levels.
"Unfortunately, we do not think the energy crisis will be solved by finding and punishing the big, bad speculator.
"In fact, commodity investors are helping to solve the energy crisis by speeding up the process of incentivising higher capital spending on a wide range of energy projects, while at the same time encouraging lower levels of demand by energy users."
chatter: Ride, captain ride upon your Mystery ship
Oil becomes super pinky at $40
erhc price target .21
chatter: "MARES eat oats and does eat oats and little LAMBS eat ivy."
ERHC price target- .21
Oil will not break through $40
Hmmmmm.......
I think it's time for an experiment...........
Over the next few months, I will post and make predicitons like Oilphant concerning ERHC.
Do I have inside information? No.
Am I an expert in the oil industry? Nope.
But if we keep score between myself and Oily...I'm almost certain more of my prediction will come true. :)
Hey Oilphant....
Like I was saying last night....one of the big problems with the markets....and oil and gold......are the hedge funds.
Mike Shedlock, one of the few individuals who has been right on concerning the crisis....wrote on the very topic this morning......give it as read
Wave of Redemptions Hits Hedge Funds
By Mike Shedlock............
Myron Scholes, the 1997 Noble Prize Winning Genius involved in the demise of Long Term Capital Management has done it again. Scholes's Platinum Grove Fund Halts Withdrawals After Losses.
Platinum Grove Asset Management LP, the hedge-fund firm co-founded by Nobel laureate Myron Scholes, temporarily stopped investor withdrawals from its biggest fund after it lost 29 percent in the first half of October.
The decline left Platinum Grove Contingent Master fund with a 38 percent loss this year through Oct. 15, according to investors. Funds employing a similar approach of exploiting differences in the value of related securities fell 14 percent last month and 30 percent this year, according to data compiled by Chicago-based Hedge Fund Research Inc.
"The suspension is necessary given current market conditions,' Ryebrook, New York-based Platinum Grove said in an e-mailed statement today. "Platinum Grove will use this period to consult with its investors and counterparties, determine their future intentions and manage the assets of the fund accordingly.'
Hedge funds are reeling from the worst financial crisis since the Great Depression, losing an average of 20 percent this year, according to Hedge Fund Research. A surge of investor redemptions forced firms such as Blue Mountain Capital Management LLC and Deephaven Capital Management LLC to freeze funds to stem the tide of withdrawals.
Scholes, 67, winner of the 1997 Nobel Prize in economics, was a founding partner in Long-Term Capital Management LP, the hedge fund that lost $4 billion a decade ago after a debt default by Russia. He started Platinum Grove in 1999 with Chi-fu Huang, Ayman Hindy, Tong-sheng Sun, and Lawrence Ng, who had all worked at Long-Term Capital.
Please see Genius Fails Again for a recap of the demise of Long Term Capital Management that rocked the world in 1998. In retrospect I should have saved the title "Genius Fails Again" for now.
Man Group Has Record Drop
Bloomberg is reporting Man Group Has Record Drop in London as Assets Decline.
Man Group Plc, the largest publicly traded hedge-fund manager, fell the most in London trading since it went public in 1994 after saying that assets under management declined almost 13 percent since September.
"We've had what I would call neck-snapping volatility," Chief Executive Officer Peter Clarke said on a conference call today. "The market backdrop we have is the worst in a modern generation's memory."
Man Group plunged as much as 40 percent after it said profit from continuing operations declined more than analysts estimated. Assets under management, which stood at $70.3 billion as of Sept. 30, fell to begin November at $61 billion, the least since March 2007. Hedge funds in Europe may lose as much as a quarter of their assets as markets drop and clients withdraw money, analysts at Morgan Stanley said last month.
Man Group's assets under management were also diminished by its decision to reduce the amount it borrows and invests in Man Global Strategies, a hedge fund product that allocates money mostly to new hedge fund managers. Assets in that program will fall to about $1 billion from about $8.6 billion as of Sept. 30, Clarke said. Man Group already has slashed borrowing by $3.5 billion and will complete the "deleveraging" by year end.
With the average hedge fund down 18 percent this year, as measured by the HFRX Global Index, managers are selling assets to repay departing investors and meet demands from lenders for more collateral.
Lyxor Asset Management, the Societe Generale SA manager that oversees about $115 billion, predicts at least 30 percent of the world's hedge funds will go out of business as returns drop and clients withdraw money.
"I'm optimistic and I see 30 percent of funds closing," Nathanael Benzaken, a managing director at Lyxor who helps pick hedge funds for clients, said at a briefing in Milan today.
Hedge Funds Limit Redemptions
With hedge funds, you can get in, just don't think you can easily get out. Dozens of Hedge Funds Have Blocked Redemptions.
Dozens of hedge funds have told investors they cannot get their money back right now as managers try to limit a wave of redemptions to safeguard all their clients' investments -- as well as their own futures.
"Everyone is looking at their gate provisions (mechanisms that limit redemptions) and what rights they have to close their gates," said Timothy Mungovan, a partner who advises hedge funds at law firm Nixon Peabody LLP. "It is a phenomenon that has been occurring for some time and is picking up pace now."
On Thursday, Knight Capital Group's Deephaven Capital Management halted redemptions at two of its hedge funds.
Recently, hedge fund firm Basso Capital told investors it was postponing redemptions. Hedge fund firm Ore Hill Partners imposed a gate in late August.
Before that Drake Capital Management and Pardus Capital Management began restricting clients' departures and Ellington Capital Management stopped allowing investors to exit one of its portfolios last year.
"Restricting redemptions allows the managers to withhold selling into unfavorable markets," said Michael Tannenbaum, a partner at law firm Tannenbaum Helpern Syracuse and Hirschtritt LLP, explaining that panic selling in these markets can be "harmful to both sides: the investor and the redeemer."
Spooked by hedge funds' worst-ever returns at a time the average fund has lost 20 percent this year, pension funds and wealthy individuals alike are leaving hedge funds faster than ever before, lawyers and managers said.
Between July and September, investors pulled out a record $31 billion, which helped shrink the industry 11 percent to $1.7 trillion. And more redemptions are expected to flood in by November 15, the deadline to get money back by year's end, industry lawyers and investors said.
Case Against Hedge Funds
No transparency. You have no idea what the fund is doing or holding.
Leverage is a two way street. Excessive leverage is now exacerbating losses.
Exit restrictions. You cannot get out when you want to.
Whopping fees. Hedge finds take 2% off the top plus 20% of profits. That 20% of profits encourages excessive risk taking. If the fund blows up the manager just starts another one.
Hedge funds are supposed to make money no matter which way the market goes, or so they claim. To collectively be down 18%, they had to have been making one sided bullish bets on something. Where's the hedge?
A massive and long overdue consolidation in hedge funds is coming in 2009-2010. I concur that a 30% reduction in the number of funds may be optimistic. A far bigger reduction in assets under management is nearly guaranteed.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Hi Oilphant.........
What's coming, I believe is a dollar collapse. Other countries will recover sooner rather than later. The U.S. is the one who's looking at a "lost decde".....just like Japan went through in the 1990's. We're making the same mistakes Japan did then.....we should expect similar results.
Oh, and another reason for the decline in gold and oil would be the current situation facing the hedge fund industry. Hedge funds are in a serious need of cash right now, so they are forced to sell their positions to come up with the money. This is helping to drive the markets lower.....including gold and oil...since they are selling those positions as well.
November 15th is "redemtion day" for the hedge funds. Hedge funds allow investors to take money out a few times a year. Watch the markets as this date approaches. Bottom line for hedge funds.....this crisis is going eliminate thousands of them before all is said and done.
Have a good night.
Oilphant,
You may have connections which allow you to hear chatter which you post here....which is cool.
But when it comes to economics, i think you're missing the boast. The actions of the Fed have been extremely inflationary. Look at oil when it was at $70 as barrel in 2007....the price rose becasuase the dollar was being debased. Look at the charts....when the dollar was weak...gold and oil rose. Now that the dollar has gained strength.....oil and gold have declined.
Please answer this question.....do you think the dollar will continue its rally? If your answer is no, then your thoughts on oil's demise are incorrect.....
The dollar rally is not sustainable. I'm not saying that oil will go back to $150.....but it will rise from its current levels eventually.......
The current selling on Wall St has to do with the hedge funds imploding. Every prediction Roubini has made about this crisis has come to pass.
If ERHC can survive through this.......nothing will stop it. :)
GLG's Roman, NYU's Roubini Predict Hedge Fund Failures, Panic
By Tom Cahill and Alexis Xydias Oct. 23 (Bloomberg) -- Hedge funds closures will eliminate about 30 percent of the industry, and policy makers may need to shut markets for a week or more to stem panic, according to presentations at an investor conference today in London.
``In a fairly Darwinian manner, many hedge funds will simply disappear,'' Emmanuel Roman, co-chief executive officer at GLG Partners Inc., told the Hedge 2008 conference in London. U.S. regulators will ``find a way to force regulation,'' said Roman, 45, who runs New York-based GLG with Noam Gottesman, 47. The firm was founded 13 years ago as a unit of Lehman Brothers Holdings Inc. and now manages about $24 billion in assets. Nouriel Roubini, the New York University Professor who spoke at the same conference, said hundreds of hedge funds will fail as the crisis forces investors to dump assets. ``We've reached a situation of sheer panic,'' said Roubini, who predicted the financial crisis in 2006. ``Don't be surprised if policy makers need to close down markets for a week or two in coming days.''
Many hedge funds have resisted oversight by the U.S. Securities and Exchange Commission, even as policy makers coordinated global interest-rate cuts and bailed out banks this month to try and stem the crisis.
The hedge fund industry is stumbling through its worst year in two decades and posted its biggest monthly drop for a decade in September. ``There needs to be some scapegoats, and they are going to go hunt people,'' said Roman, who didn't indicate when new U.S. regulation may take effect. Regulation is ``long overdue,'' he said.
In the U.S., ``someone can graduate from college on a Friday and start a hedge fund on a Monday.'' Increased regulation and higher borrowing costs will make the hedge-fund business more difficult, Roman said. Still, financial markets have ``overshot,'' he said.
In some areas of financial markets, including loans, there are ``once-in-a-lifetime opportunities,'' he said. ``At some point, people will say this isn't 1929 to the power of 10.'' Roubini, a former senior adviser to the U.S. Treasury Department, forecast this Feburary a `catastrophic' financial meltdown that central bankers would fail to prevent and that would lead to the bankruptcy of large banks exposed to mortgages and a ``sharp drop'' in equities.
The comments preceded the collapse of Bear Stearns & Cos. and Lehman Brothers Holdings Inc. as well as the government seizure of Freddie Mac and Fannie Mae.
The Dow Jones Industrial Average, a benchmark for American equities, has lost 37 percent this year, including its biggest daily drop in more than twenty years on Oct. 15. He predicted earlier this month that the world's biggest economy will suffer its worst recession in 40 years.
`Worst is Ahead'
``This is the worst financial crisis in the U.S., Europe and now emerging markets that we've seen in a long time,'' Roubini said. ``Things will get much worse before they get better. I fear the worst is ahead of us.'' Developing nations' borrowing costs jumped to the highest in six years today as Belarus joined Hungary, Ukraine and Pakistan in seeking a bailout from the International Monetary Fund to help weather frozen money markets and a slump in commodities. Argentina risks defaulting for the second time this decade.
``There are about a dozen emerging markets that are now in severe financial trouble,'' Roubini said. ``Even a small country can have a systemic effect on the global economy,'' he added. ``There is not going to be enough IMF money to support them.'' Italian Prime Minister Silvio Berlusconi roiled international markets on Oct. 10, first saying world leaders were discussing shutting down global financial exchanges, and then saying he didn't mean it.
Hedge funds are mostly private pools of capital whose managers participate substantially in the profits from their speculation on whether the price of assets will rise or fall.
Oilphant........
It'as apparent that you don't know much about economics.
Go back to last year.....before the Federal Reserve starting cutting rates.....oil was $65-70 dollars.
The Fed started cutting rates....an inflationary move. The dollar weakened. Oil and Gold shot up as a result. What brought Gold and oil back down?? The dollar "rally".
Not that there is much to the dollar rally. The dollar is not a sound currency....there are no "legs" to make it a long-term rally.
Currently, all the moves the Fed has made recently have been inflationary.....the dollar will weaken...Oil and Gold will rise.
It's history repeating itself...........
Stick to repeating your "chatter"
Lost my job recently....and I'm still adding shares.... with my unemployment checks!!! lol
Back in my gambling days...my nickname was Frankie "Let It Ride"
And I'm going to "Let It Ride" on ERHC. It's a lock! ;)
Hey DG...when this stock hits dollar bills...I'm taking you up on your steak offer....then its off to the craps table my man!!!
Excellent post Pepsi!!!
You are absolutely correct. For those who misjudged and got in too early, it's not ERHC's fault. Anyone who pulled the trigger and bought in years ago has to look at themselves in the mirror and admit that they got themselves into the "wait and sweat" position that they're in.
Everybody likes to make plans in their mind. The people that invested in this stock have plenty of plans, no doubt about it. But I think they forget, that ERHC has a plan. Hopefully, ERHC's plan puts plenty of cash in our pockets, sooner rather than later. But to complain because the company's plan isn't working out to our liking, because we had different plan in mind....is just silly.
I understand that this is a message board and people use it to vent their frustrations. But really, all you're doing is annoying others who, in their own way, are also frustrated and bothered.
I'll end this post on a light note with the lyrics of a song that was sung by Dionne Warwick....(I only changed a few of the words ;)..)
Do you know the way to Sao Tome'?
Ive been away so long. I may go wrong and lose my way.
Do you know the way to Sao Tome'?
Im going back to find some peace of mind in Sao Tome'
Hey DG...yep...ERHC is a big gamble. A gamble that I believe will pay off....and pay off big. That's why I'm here, and I'm sure that's why most of you are as well.
Forgive me, while I delve into another gambling analogy....
Back in the day, I would wake up on a Saturday morning and I would go through my ritual of finding my college football games to bet. And I would find several...but there was always that one special game...the one that you knew was a winner....or I would call it....my "lock" game. It's a lock...a gimme. The one game where I would double up if i was down, or let it all ride if I was up. ERHC is my lock!
Whoa...now...I know what some of you must be saying..."How can you consider ERHC a lock..it's a huge risk!"
Yes....but stay with me.....
Most of the time my "locks" were teams that not many people have heard of....never mind gambled on. Let's say it was Western Kentucky was giving 14 points to Western Michigan. I did my research, reviewed the stats....and then something would just click. It just made sense to me. Western Kentucky was my lock. I could feel it...i just knew deep down...when the game was over...Western Kentucky would cover the spread.
Well the game would start, and before you knew it, Western Kentucky would be losing 14-0 only 10 minutes into the game. My friends would see I was aggravated and would say.." What did you expect...betting a crazy game like that". Now, I wasn't aggravated because I lost hope, I was aggravated because this game was not going to be a walk in the park. I knew Western Kentucky was still going to cover the spread....I knew I was going to win my bet....it just wasn't going to be as easy as I thought it was going to be.... and i would have to sweat it out a little. And that always pissed me off. Even tho Western Kentucky would go on to win 50-30.....they made me have to wait and worry.
And that's why I think so many of you vent about the price share, and demand that ERHC act on behalf of the loyal investor....
ERHC is your lock! They may be an underdog to the rest of the world....but to us here....it's our lock...our gimme. Be honest, when you all first started researching this stock... the region, the rights, the partners.... something just clicked didnt it? Am I right?
And now, our "lock" is underperforming....we're not going to win our bet in the first, second or third quarter of the game...they're going to make us wait. In the end we'll win our bet....but we'll have to sweat it out a little.
One more thing......
I was on the phone the other day with a friend of mine, and we were talking about ERHC. He's curious about the stock and wanted me to give him some background. He compared ERHC to some nobody that was in the boxing ring and was trying to win the Championship from the Champ(i guess by champ he meant more established oil companies...lol...)
And I told him..." Just remember, the longer you leave a sucker in the ring, the more dangerous he becomes with just one punch."
And finding oil makes for a great left hook! ;)