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alwright,
I see you continue to ignore reality. Did you read the posts regarding terrorism in Nigeria? Did you take anything out of it before you replied?
I didn't think so. Hypsters never want to know about reality, only hear praise and support for their investment.
You clearly didn't read the posts. Experts in this area are telling you it is a huge problem, yet you want to ignore it. I guess you always know more than the experts.
As for the Cole, they were unable to protect themselves in port. It is much tougher to do so in the middle of the ocean. Additionally, a "small boat that could not get past the breakwater" is BS. It only takes a small boat to do serious damage, and 100 miles is nothing. And don't start preaching to me about boats and oil rigs, because I guarantee I have far more experience than you on these issues. Are you also an expert on radar? Do you know what size boats need to be to show up on radar? DO you know how weather affects radar?
Your argument here is totally flawed. I suggest you go back and read the posts, because you clearly don't understand the issues at play and the potential for terrorism and the adverse effects on the JDZ.
pretty obvious you are just a hypster.
"Conclusion: Improved the value of companies in the JDZ because they are out of the reach of the terrorists."
- whether it is "out of reach" of the terrorists or not, it wouldn't improve the value. That is a strictly hpyster statement.
"Oil production neen never get within 100 miles of shore, terrorists would have to ask one of the platforms for fuel to get back."
- 100 miles? Too far, need gas? Are you that clueless?
"That would be after they defeat the US Navy"
- Kind of like the USS Cole?
Clearly you only look at the positive. I asked whether this had been discussed before or not, and if the discussion has been the hype you are talking, then it has not been discussed.
Have you ever worked on an offshore oil rig? DO you know anyone that has? With the answers you just gave, it is obvious to me you the answer is NO.
Further support to US influence on Nigeria:
__________________
U.S. Strategy
It is in America's interest to encourage Nigeria to improve its economy, secure its oil, combat corruption, and enforce the rule of law. Specifically, the Bush Administration should:
Require progress on economic reform and fighting corruption in return for aid. The U.S. Agency for International Development requested $63 million in fiscal year 2004 for democracy, governance, health, and economic programs in Nigeria. However, assistance and debt relief cannot replace domestic efforts. Aid should follow--not precede--progress in combating corruption, adopting economic freedom, and enforcing the rule of law.
Clamp down on radical Islamists. The U.S. should coordinate intelligence with Nigerian law enforcement to identify, monitor, and eliminate radical Islamist networks and external sources of support--especially by clamping down on Nigerian money laundering.
Increase law enforcement training. In order to improve law and order, America should offer technical assistance, equipment, and training to Nigerian law enforcement and marine patrols. Foreign investors in the oil and gas sector should be encouraged to hire supplementary private security and to pay some of the Nigerian government's investment costs for improved security.
Train counterinsurgency forces. The Bush Administration's request of $850,000 for military education and training and $4 million in foreign military financing properly focuses on enhancing regional stability, counterterrorism capabilities, border and maritime controls, and the war on terrorism. This assistance is critical and should be augmented with U.S.-Nigerian training missions.
Conclusion
The growth of radical Islam in Nigeria and its potential impact on regional and energy security should be viewed in the context of increased global terrorist threats and a breakdown in governance systems. Government mismanagement, interventionist economic policies, and inadequate law enforcement hinder Nigeria's economic growth and oil production and have heightened Nigeria's vulnerability to Islamist radicalism. Addressing the Islamist threat in Nigeria requires strategies that strengthen Nigeria's ability to counter foreign terrorist activity and fix the country's underlying economic and security problems.
___________________
Still don't think US has an interest in keeping business legitimate? Still think there is no possibility that the US could influence oil rights to ERHE?
Get real people. I have not said it is probable, but to think it is impossible is absolutely ridiculous. There are reasons to believe this could happen if you open your eyes and see reality.
VERY INTERESTING ! !
___________________________
war on terrorism
Terror Havens: Al Qaeda’s Growing Sanctuary in Nigeria
By George Thomas
CBN News Sr. Producer
CBN.com – (CBN News) - Yelwa, Nigeria - Four years after being squeezed out of its sanctuary in Afghanistan, al Qaeda is eyeing Nigeria as a haven for global terrorism. A recent UN investigation has uncovered al Qaeda training and recruiting bases in this West African nation.
Dr. Princeton Lyman, a former U.S. Ambassador to Nigeria, says it is a natural target for terrorists looking to expand their operations.
Lyman, said, “You have 60 million or more Muslims in Nigeria. It is the most populous state, and it is a country in which there has been a long history of religious tension, sometimes well-managed, sometimes not well-managed. If you wanted to target a state in West Africa, that's the one you target.”
And apparently Osama Bin Laden thinks so too. In a video message broadcast on the Arab television station al-Jazeera, the terror mastermind singled out Nigeria, because of its close ties with Washington, as a country worthy of jihad -- making the threat of a terrorist attack on Nigerian soil a very real possibility.
Lyman commented, “...and that in itself is very damaging to international interests.”
And particularly to American interests. And here's why: Nigeria is Africa's leading oil producer. It is also one of the top sources for oil for the United States.
America imports as much oil from Africa, as it does from Saudi Arabia. And our thirst for African oil is expected to double in the years to come.
Lyman said, “Twenty-percent of the new oil coming on the market over the next decade is going to come from West Africa, and U.S. companies alone are going to be investing about 50 billion dollars up and down West Africa. Nigeria is a major part of that.”
And slashing the West's oil arteries has become a major part of al Qaeda's terror tactics since 9-11. Experts say that by hitting oil targets overseas, terrorists can hit us here at home economically.
In the last 12 months, al Qaeda-linked groups have launched a series of attacks on several oil-rich countries, including Nigeria. Meanwhile, Nigeria continues to suffer from a panoply of issues, including a rising Islamist threat.
The CIA's new director is concerned that the allure of fanatical Islam is attracting an alarming number of people from Nigeria's Muslim community. The rise of religious extremism is threatening to turn Africa's most populous nation into a breeding ground for international terrorists.
And those terror recruits may be used outside as well as in Africa, to strike at Western targets.
“As you know, you don't need a large amount of people,” Lyman observed. “You need ‘seams’ within populations to exploit frustrations that have been going on for a long time.’
And experts say that, for a long time, the U.S. has ignored this part of the world on almost every level, including intelligence gathering.
Author Douglas Farah has documented al Qaeda's growing sanctuary in Africa. “The U.S. intelligence involvement in West Africa, particularly after the collapse of the Cold War, was minimal,” said Farah. “The Africa, or the sub-Saharan African bureaus of the CIA, were cut to the bone. They lost two-thirds of their station in West Africa, and the stations that remained were staffed at less than half the level they had been before. So you are talking about a huge cut in our ability to monitor these areas of the world.”
Farah says that is one reason why U.S. intelligence failed to anticipate the stunning spread of radical Islam across Africa.
Farah added, “But particularly in West Africa. The Wahabbi strain of Islam, which preaches hatred to the West and is largely funded by Saudi charities, moved in very rapidly in the early 90s. And it is something that people are only now discovering, and only now starting to focus on in a very minimal way.”
Paul Marshall, a human rights advocate, says it is that Saudi-sponsored Wahhabi strain of Islam, that is fueling much of the Islamic fervor in Nigeria.
Marshall said, ”You go there and you'll find the Saudis, and you find the Sudanese there, you find the Libyans there, you find Syrians there, Pakistanis there, and it’s all part of a world-wide Islamization.”
To try and checkmate the spread of Islamic fundamentalism, the Pentagon is deploying huge amounts of resources to intelligence-gathering in Africa.
Washington has sent U.S. Marines and Special Forces to train local armies in several countries where terror threats are believed to be growing. General Charles Wald oversees most of Africa for the U.S. military's European Command.
Wald said, "We are developing information sharing -- some people might call it intelligence -- but we are doing that, and we are helping train those countries to do a better job of actually policing their borders.”
In the meantime, supporters of Osama bin Laden are trying to create the first Taliban-style country in Africa. And they are offering the full menu of Taliban justice: chopping off a hand for theft, stoning adulterers, caning those who drink alcohol and serving up death for anyone who leaves Islam.
I would think that if life does not improve for those in the oil areas and the money only goes to further separate the rich from the poor, this will increase. Not quickly or anything, but over time. Thoughts?
Don't know if this issue has been discussed on this board, but clearly all businesses in the JDZ are potentially severely affected by Nigerian terrorism and infighting.
"Since 2004, an insurgency has broken out in the Niger Delta, Nigeria's oil-producing region. The desperately impoverished local residents of the Niger Delta have seen little benefit from Nigeria's vast oil riches, and rebel groups are fighting for a more equal distribution of the wealth as well as greater regional autonomy.. Violence by rebel groups has disrupted oil production and reduced output by about 20%. Nigeria is one of the world's largest oil producers, and supplies the U.S. with one-fifth of its oil. "
- My thoughts are that this is already well factored into the share price. My question is whether or not there has been a particular incident that had immediate effect upon the share price in the past? Of any of the oil companies in the JDZ? Not just ERHE. Can anyone provide any information or link to the largest negative event regarding terrorism in Nigeria, specifically to oil as well as in the area because of the effect oil money has on the people?
Thanks,
And if you post on topic instead of personally attacking the poster, please title your post "ON TOPIC". You may wish to add "Useless Hype Often Repeated", or maybe that is just understood.
My hyposthesis is the most likely reason the share price has been cut in half over the last few months. Unsubstantiated? Are you kidding me?
You are welcome to your opinion on the issue, I am welcome to mine. I don't know why you would want to ignore this possibility, there are a lot of investors who reacted to it quite quickly and got out.
The advantage, it is already factored in and we can hopefully go way up if and when the investigation is dropped. Is that what you are looking to hear? Hype hype hype.... Believe me, I see the potential upside in this stock or I wouldn't have bought it. Anyone that ignores the possible downsides is hiding their head in the sand.
IMO
I agree with you maestro, why stop business if you don't have to? It wouldn't make sense. Don't stop unless you are forced to do so. Hopefully that won't be the case.
Seems to me you keep posting the same thing over and over too, and I keep replying that if you are going to hide your head in the sand about this and try to dismiss it, I will talk about it.
At least you are willing to admit it is possible. I know it goes way back, but that was actually the beginning of this thread, posters saying it wasn't possible. I never said it was likely to happen, because if I thought it was likely, I never would have bought shares in ERHE.
Now can you stay on topic? I don't think so.
You clearly don't understand what I am saying, maybe because I wasn't clear enough, maybe because you don't want to and prefer to hide your head in the sand.
Keep ignoring, but the fact is, the US govt is more than capable of fining ERHE a very large sum, they are more than capable of shutting them down if they don't or can't pay the fine, and if this does happen, which is possible, ERHE's best option is to sell some of their rights.
Is that clear enough for you?
I don't really care what you think, i have told you what was done. you have proved to want to hide from the truth, so this is no different.
jack,
do your research. heavy fines are made all the time. if that ends up being the case against erhe, they will need to get the money somehow. selling rights is the most logical option, especially if it leaves them some to make money in the future. better than closing down shop, or being forced to do so.
open your eyes and do your own research before you quickly dismiss the possibilities.
The question shouldn't be about institutional investors, it should be about hedge funds. Many many hedge funds invest in risky low priced stocks, and I would think some of them own shares in ERHE and other JDZ stocks.
It seems anyone that owned before the investigation got out. They don't want their investors getting on their azz because they stupidly lost money on a company under investigation.
rocky,
the scenario where i see that possibility is if they are found to have acted illegally (bribes included) by the US investigation. They are fined a large amount of money, which they do not have. If they are forced to pay the fine or close down, the rights could be traded for cash to pay the fine, which would likely be to one of the large oil companies. SO in other words, it would be a closed door bargaining between the US, ERHE, and other interests in the region. I don't see it as an interaction with JDZ in this scenario, though I am sure there are possiblities where that could happen also.
The US govt is just as capable of bribery and shady bargaining as any small country, IMO.
Financial penalties alone could be huge. Big money investors stay away from corruption as much as possible. The investigation has already been factored into the price, hence the 50% drop. No reason to get in for big money investors unless news is clarified, including details on the investigation. JMO.
Rocky, I think you have done a good job on your research and I see no reason to dispute your claims. I have also read a lot of the information on those sights.
My best guess is financial and civil penalties for those involved are the most likely scenario.
I have also stated several times I don't think it is in the best interest of the US to not be involved in this area. We need oil, and we want oil from areas outside the Middle East as much as possible for fear of being cut off. This exposure is great. However, with large US oil companies also exposed, it seems possible that they could influence the US govt to get them portions of ERHE rights if they were obtained illegally, in exchange for ERHE being allowed to continue business and as a financial penalty to the company. All preliminary thoughts and guesses on my part, but seems possible. I simply have a lot of respect towards the power of the large oil companies lobby efforts.
Thank you for your knowledge rocky. I will start to visit the ERHE board more regularly instead of just this one. Seemed to be so many more non-ERHE posts on that board, though. Even more than the off topic replies to my posts I see here.
Cheers,
Glad to see you are paying attention, rocky.
US is responsible for acting against companies in their territory that bribe other countries. Keep reading, there is a ton. The State website gives lots of this, too. One purpose of this is to help small countries develop in a legitimate fashion, and if they don't abide and accept bribes, they note in one section that I read that governments are often overthrown due to lack of cooperation. We all know a lot about the US forcing those issues (unfortunately).
Look, its all good info, just think it is worth the read for anyone that thinks nothing can happen. It is all legit, factual stuff, not opinions, so check it out.
Another US State website with additional info:
http://www.state.gov/e/eb/cba/gc/
"Corruption and Bribery
The United States has been a leader in the multinational effort to end bribery and corruption in international business practices, a campaign that has been supported by the United Nations, the Organization of American States, the Organization for Economic Co-operation and Development (OECD), and other multilateral organizations and institutions.
In saluting the delegates at the Second Global Forum on Fighting Corruption and Safeguarding Integrity, President Bush stated that increasing accountability and transparency in governance around the world is an important foreign policy objective for his Administration and that the United States is committed to support global anti-corruption initiatives
This website provides, under appropriate subheadings in the navigation box at left, links to documents, reports, and other online resources related to Combating International Bribery and Corruption."
__________________
Check it out, very useful info on combating bribery, and all related to possibilities for the ERHE investigation. VERY IMPORTANT ! !
Please tell, bayfish, what is wrong with that link? DId you look at it?
How many times have posters here said nothing can come bad from the investigation? A lot is the answer. I have shown you that it can, and that there are organizations that deal with this stuff. And that is just on the International level, and has nothing to do with the more likely scenario where the US govt deals with it on their own. So I suggest you pay close attention instead of ignoring the facts, just because you don't like what you are hearing.
This is very important and deals directly with ERHE and the entire JDZ zone.
Now, do posters still feel there is "zero" chance that ERHE can be punished if found of wrongdoing? Or even "slight".
I will again reiterate, I am not saying it will happen, however I am stating it is more than possible. And I have backed up my statements with facts and research.
Clearly I would not have bought ERHE if I wanted this to happen, but I will not hide my head in the sand and uselessly pump.
"Why did the OECD develop the Anti-Bribery Convention?
The momentum to develop this Convention was born out of the conviction that bribery of foreign government officials in international business transactions is a serious threat to the development and preservation of democratic institutions. Not only does it undermine economic development, it also distorts international competition by seriously misdirecting resources. With this Convention, the OECD sought to level the competitive playing field in international business transactions.
The OECD realised that strong multilateral co-operation was necessary in any serious fight against corruption. This realisation led OECD to adopt a Convention—a rather unusual action at the OECD—to have a more binding text with monitoring mechanisms."
"A company officer, employee or agent can be found guilty of bribing a foreign public official. What about punishing the company for whose benefit he has presumably acted?
Under the Convention, participating countries must take measures to establish the liability of companies (“legal persons”) that engage in bribery acts. Countries are also required to impose effective, proportionate and dissuasive sanctions, including monetary sanctions (i.e. fines and confiscation of the bribes and proceeds of bribery or property the value of which corresponds to the proceeds), and should consider imposing additional civil or administrative sanctions, such as disbarment from public tenders or disqualification from public subsidies. Companies accused of bribery acts risk serious damage to their "corporate image," a fact that can also be very dissuasive. The most important message companies should take from the Convention is that they need to beware of practices that encourage or ignore foreign bribery—or risk serious penalties."
______________
Important questions answered, all relevant to the ERHE investigation ! ! !
Great information on Bribery ! ! Could be very relevant regarding ERHE and the investigation ! ! !
http://www.oecd.org/department/0,2688,en_2649_34859_1_1_1_1_1,00.html
"Following are questions that companies, journalists, academics, students, lawyers, consulting firms, non governmental organisations and citizens most frequently ask the OECD Anti-Corruption Division about the Anti-Bribery Convention and the work of the OECD in fighting corruption. Please select those general or Convention-specific questions you want answered. If you have other questions not answered, contact us!
Is bribery of foreign public officials a crime?
What is the history of the OECD initiative to combat the bribery of foreign public officials?
Why did the OECD develop the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions?
What is the role of the OECD in the fight against the bribery of foreign public officials?
How does the Convention work/Who ensures that it is effectively implemented?
How effective is the Convention?
What problems remain unresolved?
More questions about the Convention...
Is bribery of foreign public officials a crime?
Bribing a foreign public official is a crime in the countries that have ratified the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions. This Convention is the most important international instrument in the fight against the bribery of foreign public officials."
_____________
The US is one of the countries in this agreement. SEriously, this is a great website with great information on the possibilities that exist on how bribery is dealt with on an international platform. Good reading to all.
Right after I buy this stock, it starts falling. Looks like I may have messed up buying ERHE. But as I stated, I am willing to risk it all in hopes of a big payout, especially considering I only bought 10,000 shares.
Any hopes of cracking 50 cents in the next year?
The government was stealing from them just as much. I guess the best way to look at it, IMO, is that they were scratching each other's backs to each get what they wanted (they on the govt side being specific individuals, not the government itself).
Yes, you are correct, they will not be getting more govt contracts. That is not what put them out of business, though. Their business licenses were revoked for illegal activities, their bank accts were seized for improprieties. Illegal activities include bribing government officials, which is illegal. There may be more at play than the press is letting out right now, no way to know, but bribery is the "headline", so to say, and the reason the government was able to shut them down. This is all within US territory, nothing to do with other countries. My guess, totally a guess, is that money laundering could be in play. Money laundering is not just drug dealing as people think, but avoidance on taxes and recharacterization of incomes, and is huge business and very prevalent. The US govt is spending a lot of effort in recovering funds going offshore that they think they have the right to tax, and they look very closely at issues involving foreign governments with US companies in order to assure the Feds are getting "their cut".
I will not give that link as I don't care to reveal to the board where I live or give any hint of personal information. I am typically not wary of this, but there seems to be some sort of cult attack towards my character, and there are a lot of freaks in this world.
But to be more specific about the issue to answer your question: They were awarded millions of dollars in government contracts. They began on work, but before it was even completed (or even half way done), it was discovered that bribes were paid to government officials. In addition to the bribes that were paid, the government officials circumvented the necessary application process for this company and gave them the contracts without them doing what other companies that applied had to do. So this was discovered, the government shut down the business and indicted officers of the company and some of the government officials. More and higher names are still coming out right now. The case took a turn recently when two of the officers named three high government officials as a plea bargain for lesser punishment. Other complications included forming other companies so the government would have a harder time following the cash, and these were all sham and shell companies. But all of these businesses have been completely shut down by government, licenses and contracts revoked, bank accts seized, etc.... The shutdown of the companies happened prior to convictions, as well.
That should give you all the information you were asking about.
MBA,
I have made valid points, even factual, regarding this issue. It relates to JDZ, specfically ERHE. I have told you I am a stock owner, which appears to be an issue to you. This is clearly a case of you dictating what can or can't be said in order to support your grand illusion of a pumpers board to hype your position. I am far more realistic than that, and much more based on the truth, and will not succomb to your demands to post what you want to hear. It is unfair to say the least.
You have kept off topic posts by those you like, yet remove on topic posts and replies bt those that don't support your grand illusion of your message board.
No, alwright, your info is flawed. The US Government can totally shut down ERHE if it is deemed they were acting illegally. It happens to companies all the time, there is one where I live, one that got government contracts through bribes, that was totally shut down and the officers are currently in court. It is very common.
"SORRY again 007.."The US gov. can do what they want with a US company"..NOT true. We still have a justice system thankfuly. PROOF is still required. AND , the awards CANNOT be withdrawn by the US gov.. The JMC is in conrol. AND then again there are the international courts as a last and long timeframe resort for ERHC.. I don't ignore anything , including you. You continue to post biased, bad info..over and over and...Anything to say about the statute of limitations??? wolf, wolf, wolf!!!"
So your comments above are innaccurate, or you assumed I meant something besides what I had said. I understand there are steps and procedures to shut companies down, and the investigation is the first step into this matter. How much further it goes is the only question, not whether it can happen.
It was filled. I am now in with the ERHE pumpers. Just don't expect me to buy into all the hype, I prefer to focus on the truth to the matters, and am willing to risk it all for a big return.
Good luck all longs,
Hey MBA,
Decided to let you know I placed an order to buy 10,000 shares ERHE at $0.43. Maybe it will get filled, needs to drop a penny first.
Does that make you more comfortable in listening to negatives about the stock from me? You know, I like to make sure all sides are expressed, some people only like to hear the good stuff and hide their heads in the sand.
Most of what I have read says that Chevron likely won't release their findings for quite some time, possibly as long as they can hide it. Anyone have a reason to believe differently? Any other means to get this information?
Lone Clone,
You are welcome to your opinion, I am welcome to mine, and I emphatically disagree with your statement that you do not think the investigation has anything to do with the 50% drop in share price over the last few months. Same as you, nothing personal. But if others are going to keep arguing their point, I will argue mine right back, because I have the news and evidence on my side.
Just to relate this to a personal experience, as you did in your post: I have seen numerous investors such as yourself that continue to hide their head in the sand when bad news on a company comes out. People that fall in love with a stock and are unable to reevaluate the investment on a regular basis. People that don't know how to sell a losing stock. The one thing these people had in common, at the end of it all, was huge huge losses. How people could stay in a stock as it continues to fall is beyond me, but I think it has something to do with ego and inability to accept when they made a bad investment, so they just let it ride, getting deeper and deeper into a hole. You remind me of those people the way you ignore the investigation and try to tell people that it is nothing, even after the stock has dropped 50% from the news. JMO.
Best of luck, hope for your sake that is not the case for you personally.
I was very clear about my reason to visit this board when i first arrived. I have now figured it is better to keep my mouth shut about such issues.
As for somebody that does not own shares, I would think discussion boards are as much for their use as those that do own. I personally prefer to research prior to buying and would understand why others would want to do the same.
Lastly, MBA, this board seems to take to heart my worries about the investigation while ignoring my claims that this could be a great double up stock. It appears that pumping is praised, while realistic and impartial opinions are ridiculed. JMO.
I dont' think you understood Lone Clone's post and using that post to substantiate your investigation factor won't work. Nobody is ignoring the search warrant and investigation, BUT you continue to bring it up with every post. Now reread Lone Clone's post and note what he wrote:
"I am not interested in wasting my time reading endless unsubstantiable speculations by, at best, ill-informed posters, which is why I rarely visit the other board.
You don't know if the price is down because of the investigation or for some other reason, like the lack of PRs from ERHE or manipulation by CVX or [insert theory here]..."
Obviously, Lone Clone thinks nobody knows why the price is down and purposely gives the "investigation" as just a theory while reinforcing his belief that nobody knows for sure!
Now note this is an attack on your "investigation" theory and not you personally.
_______________________
MBA,
I respectfully disagree. I believe Lone Clones purpose in writing that is an attempt to say that the investigation has nothing to do with the 50% drop in share price, that there are other reasons it could be, and there is no way to prove I am correct about it relating to the investigation. And that is precisely the point I am trying to make here. By IGNORING the issue and trying to push it off on other factors is, as I have said before, sticking your head in the sand.
I have and never had any intention to attack anyone personally on this board even though I feel it has been done to me. I am and will continue to make my point as necessary.
"Oilman007, how many shares do you own, and would you like your location added to the map in the iBox?"
- I do not care to share any personal information with others on this board right now, though I have no problem if you want to continue posting your buys on this stock. Others in the past expressed displeasure when I followed up with you on your personal share history (based on what you had already posted). Do you have a problem if I do so while you appear to be more than willing to state these issues to the board? If so, let me know and I won't ask. Otherwise, I assume you don't mind?
Thanks,
"NOBODY has stated that the investigation has not been PART of the reason,,BUT.. don't discount the lack of company news and the the OBO-1 test results. ALL have agreed . GET a life and get off of this kick. "
- IMO, that has been stated. YOu can look at Lone Clone's post below for verification. Others have hinted at the same and is the reason I have pressed this subject.
You all seem to want to ignore the investigation, closing ears, eyes, and mouths to the entire situation. Very well informed people have stated that an indictment of the company would have a very negative impact on the share price and the fact is we don't know if that is coming or not.
If you want to keep arguing this point, I will continue to do so. If you want to drop it, fine, drop it, but constantly replying about it will get more replies. Replies telling me to "get off this kick" will only get s stronger and more adamant reply, as this is very important stuff- enough so that investors bailed out and the stock price went down 50%. So you, alwright, need to start paying attention to this important matter in the JDZ which has the potential to further crush the stock price of ERHE.
______________________________________
Posted by: Lone Clone
In reply to: oilman007 who wrote msg# 1454 Date:7/5/2006 7:30:36 PM
Post #of 1554
I've been invested in this stock for several years, and have watched it go up and down numerous times, sometimes for a reason but sometimes for no apparent reason.
I am not interested in wasting my time reading endless unsubstantiable speculations by, at best, ill-informed posters, which is why I rarely visit the other board.
You don't know if the price is down because of the investigation or for some other reason, like the lack of PRs from ERHE or manipulation by CVX or [insert theory here]...
And there is no way to find out.
" I do not vouch for everything stated in the article, but the same goes for all articles, and even more, for all company statements."
- As I stated, I do not agree with everything in the article. What I do agree with, however, is that an investigation is under way, and since it began the stock ERHE has dropped 50%.
I am still confused as to why other posters disclaim this truth and act like it has not happened?
Quote, before the last tumble in share price of ERHE, from Joe Shea's Blog:
"Ironically, even though it was the search warrant story - mishandled, as we've pointed out, by Dow Jones - that took our share price down, the lack of an indictment is not by itself going to improve the share price unless the company announces it ibn the near term. "
He also stated that he did not expect the share price to tumble below 55 cents.
When an experienced and LONG position ERHE guru states that the share price is down due to the investigation, maybe you will all listen to him if not me. There is no reason to be afraid of the truth.
Matt,
This is a joke. Because I don't share the same views as the moderator of the Board, you have put me in the jailhouse. I remained civil during personal attacks against me. I spoke only about issues related to the board. But since MBA the moderator didn't like me addressing negative issues about ERHE, he begged you to disallow me from posting.
My questions:
Are you allowed to say something negative about a stock?
What if the stock is off 50% for a particular reason, do you have to ignore that reason and pretend the stock is doing just fine and has no negative influences?
What in particular did I do wrong other than disagree with other posters? Are you able to give me a reason why I have been banned?
Now you are saying the article in incorrect, because you can't point the finger at me. I do not vouch for everything stated in the article, but the same goes for all articles, and even more, for all company statements.
I have seen so much misleading info directly from companies in the past it makes the media look precise and accurate. Hope you aren't relying on the words of ERHE or the Nigerian govt too much, either.