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You can't borrow this stock from any US broker.
I don't believe you can short ERHE using a US broker. But you can short ERHE or almost any penny stock using www.suretrader.com located in the Bahamas. You can lose a fortune shorting penny stocks if they pop on any good news.
This was your opinion a year ago. Sorry you lost money after the last drill results. I did too, but still hoping they can raise the money and make something good happen for us. I believe the first step was the 150k investment to get things started.
Cee-It Thursday, 10/11/12 10:20:07 AM
My opinion - be in or get in soon..
WHY? -- the drill efforts last year produced an important signal (FACT):
... large rich copper strikes are frequently found beneath over-caps of magnetite and/or pyrite -OR- immediately adjacent.
... this drilling signature is looking a lot like the Upper Peninsula in Michigan (an area known to be rich in iron and copper)
Drilling so far has been rather shallow depths... that might work fine where the leaching is happening, but going deeper is MUCH BETTER in all cases!
I'm expecting that the copper is there in rich veins... and under the last drilled areas as well.
So, be in SOON -- or watch VERY CLOSELY, BUT even then you'll still pay a huge premium later IMNSHO...
Good results will RAPIDLY attract big money to sustain the drill and also KICK the pps into fifty cents to dollar plus range IMO!
Drill Baby Drill -- go WOLV
You can see the bid/ask for each trade by using IHUB Data Tools. Just select trades for ERHE. I would paste it for you here but it's difficult to copy and paste the screen.
You make it sound like all the trades today were sells when if fact there were far more buys than sells.
Buy Vol: 1,387,157 Sell Vol : 263,524
Go to Data Tools then select trades for ERHE. Shows:
Buy Vol. 1,384,157
Sell Vol 243,524
Probably market makers selling from there inventory
It's strange how over 1 million shares bought on the ask and they can drive the price right back down with a 100K sell.
13:12:15 0.046 20000 OTO
13:10:32 0.043 10000 OTO
13:10:23 0.045 10000 OTO
13:10:07 0.046 10000 OTO
13:10:04 0.045 10000 OTO
13:09:58 0.045 11500 OTO
13:09:34 0.0462 10000 OTO
13:09:08 0.0462 5000 OTO
13:08:38 0.0462 21700 OTO
13:07:41 0.05 38300 OTO
13:05:30 0.05 35699 OTO
13:05:17 0.05 2000 OTO
13:05:13 0.05 1600 OTO
13:05:05 0.05 115000 OTO
13:03:55 0.0499 10000 OTO
13:03:10 0.049 310000 OTO
13:03:02 0.048 10000 OTO
13:03:00 0.0495 309357 OTO
12:36:48 0.046 33975 OTO
12:20:43 0.049 190000 OTO
11:53:24 0.0495 130000 OTO
11:48:32 0.0495 40000 OTO
11:48:24 0.0495 60000 OTO
10:53:43 0.047 32500 OTO
10:52:43 0.047 11250 OTO
10:38:45 0.0495 10000 OTO
If some one is willing to invest 10 Million in this venture the price of the stock will go up you watch. Of course anyone investing 10 Million will want equity in return.
On Thursday, November 7, 2013, the Financial Industry Regulatory Authority, Inc. (“FINRA”) halted trading in all OTC Equity Securities pursuant to FINRA Rule 6440(a)(3). FINRA determined to impose a temporary halt because of a lack of current quotation information. Therefore, FINRA has determined that halting quoting and trading in all OTC Equity Securities is appropriate to protect investors and ensure a fair and orderly marketplace. The trading and quotation halt began on Thursday, November 7, 2013, at 11:25:00 a.m. E.T. FINRA will notify the market when trading may resume
On Thursday, November 7, 2013, the Financial Industry Regulatory Authority, Inc. (“FINRA”) halted trading in all OTC Equity Securities pursuant to FINRA Rule 6440(a)(3). FINRA determined to impose a temporary halt because of a lack of current quotation information. Therefore, FINRA has determined that halting quoting and trading in all OTC Equity Securities is appropriate to protect investors and ensure a fair and orderly marketplace. The trading and quotation halt began on Thursday, November 7, 2013, at 11:25:00 a.m. E.T. FINRA will notify the market when trading may resume
As far as the LOI so far taking 6 months and no agreement. Didn't I see that another company's LOI in Kenya take 8 months to turn into an agreement?
Someone bought 15m shares @ .01. No one invests that kind of money just for kicks. They obviously have confidence that the deal will get done even if you don't.
Less than $1000 in sales today. Selling at any cost?? Yeah right!
Below are the actual trades:
16:03:19 0.05 360000 OTO
15:59:25 0.046 200 OTO
15:58:06 0.0505 125000 OTO
15:56:48 0.0505 125000 OTO
15:53:37 0.0505 57246 OTO
Kenya Sees Tullow's Local Drilling Dispute Resolved 'Very Soon'
From Seek
by Reuters
|
George Obulutsa
|
Tuesday, October 29, 2013
Reuters
NAIROBI, Oct 29 (Reuters) - The Kenyan government expects a dispute between Tullow Oil and residents in the northwest of the country which led to the suspension of drilling last week will be "resolved very soon", a senior official said on Tuesday.
Backed by local politicians, demonstrators from the poor, northern Turkana community marched on Tullow sites demanding more jobs and other benefits, prompting one of Sub-Saharan Africa's most experienced oil explorers to suspend work.
Tullow and its partner Africa Oil, temporarily stopped drilling operations on Block 10BB and Block 13T last week due to security concerns about the protests.
"We want to reiterate we take our investors seriously, and this matter will be resolved very soon," Martin Heya, commissioner of petroleum at the ministry of energy and petroleum, told an east African oil and gas conference.
Both Tullow and Africa Oil struck oil on the two blocks last year and are in the process of determining whether the find has commercial potential.
In July, London-listed Tullow, which is already producing oil off Ghana and awaiting Ugandan government approval to develop its finds in Uganda's Lake Albert Rift Basin, estimated resource volumes in the Lokichar Basin in northwest Kenya at 300 million barrels of crude oil.
Keith Hill, chief executive officer of Africa Oil, said the demonstrations forced the firms to stop operations, to prevent the situation escalating into violence.
"We hope to be back to work in a matter of days or weeks, not weeks or months," Hill told Reuters on the sidelines of the conference.
"The issues in Turkana are jobs and being able to be involved in contracts. But there are some jobs that need to be done by other types of people from other parts of Kenya and other parts of the world."
Police Probe
Tullow says more than 800 of the 1,400 employees in its Kenya operations are from the Turkana region.
Hill said they wanted to train more potential employees from the local community, to increase the number of staff from the region.
"That is the ultimate goal but it's not going to happen overnight," he told Reuters.
Tullow Oil holds a 50 percent stake and is the operator at both the 13T and 10BB blocks, with Africa Oil its sole partner.
Kenyan police said they had summoned two regional members of parliament from Turkana for questioning in connection with the protests.
"We are looking for two Kenyan legislators James Lomenen and Nicholas Ngikor to record a statement with the police since the utterances they made in public amounted to incitement to violence," Ndegwa Muhoro, head of the Criminal Investigation Department (CID) told Reuters.
"We have been looking for the two politicians since Sunday but they have gone underground. We are conducting our investigations and hope to institute a case against them."
Lomenen said that he was aware he had been summoned by police and that he was ready to record a statement. Ngikor could not be immediately reached for comment.
Hill said in a presentation to the conference that the company plans to drill about 15 more wells in the Lokichar Basin next year.
"By the end of next year we would have pretty much drilled all these wells," he said.
(Additional reporting by Humphrey Malalo; Editing by James Macharia and Pravin Char)
The contingency may have to do with the LOI which they have a non-disclosure agreement.
Ha anyone figured out who is buying these shares that they are dumping every day.
Today 4M x .0027 = $6,800
Someone wanted to show price @.046. 100 shares @.046 - $4.60 + commission.
As far as I know no US broker will allow shorting of a penny stock like ERHE. There are offshore brokers like www.suretrader.com that will allow shorting of almost any stock. I know people who short penny stocks all the time using suretrader.o
Stock prices in small cap stocks are about hope and dreams. Look at ERHC in 2009. The stock price went up to almost $1 on the hope that SNP would find oil in the JDZ. The price of many biotech stocks rise to very high prices on the hope that they will find a cure for cancer or MS. If they don't succeed the stock price will drop severely. If financing is in place ERHC's share price will rise on hope.
I don't think it much matters what the buy in price is. I large buy in will give stability and provide the needed funds to move forward with exploration in Keyna and Chad. After a buy in the stock price will go up, maybe not the next day but in time. You just watch.
PN the BOD and Offer all own large amount of shares. Why would they agree to a deal at a lower price than the current price. But remember when Offer bought in years ago he bought over 300M shares at a very low price. That provided capital and gave the company stability. The stock price went up significantly over the next few years. If a large international oil company took a stake in ERHC possibly the same thing could happen again. Lets say they bought 500M shares at .10 or higher. You might say why would they pay more than the current share price but if they wanted an interest in our properties they could never buy that many shares on the open market.
IHUB data tools show buys and sells almost exactly equal:
Buys 787000
Sells 780000
Who is buying these 9.78M shares for $13692?
would that be good or bad?
Or work the sp really low (.05) so a deal can be consummated at this level to maximize return on investment?
What do you mean by this. I don't think Offer would sell at .05.
Emdyal-Dan Keeney answered your last e-mail. Why don't you e-mail him and ask about this latest rumor about the possible JV partner. Probably he won't be able to comment but it's worth a try.
Do you really believe that anyone would be stupid enough to short any stock at 5 cents that's on the verge of good news ??
Are you saying the ERHE is on the verge of good news?
There are thousands of companies on the OTC Pink sheets that do not file. For example. Look at ANGGY (Angang steel) a Chinese company that Hasn't filed since 2007 and trades for $24. They won't be revoked for suspended for not filing. A company could be suspended or revoked for fraud.
I received this message from the company in response to my e- mail. You can use the e-mail address below to ask your own questions.
The common stock will be quoted in the OTC pink sheets after being delisted from the NyseMKT.
Thanks & regards,
Queenie
Queenie Suen <suenkayuk@gmail.com>
IHUB's data tools shows the following for today:
Buys 965098
Sells 746786
Thanks emydal.
AA -was this you who filed suit. If so what happened?
As of this date, concurring with the " advice" from the I Hub admin,I have filed with the SEC form OMB # xxxx-xxxx a formal complaint against him and noted several others. Also provided are the necessary names, addresses, phone numbers, aliases, Midtieriol, Killer Bee and boards posted on. Also access to all 5938 posts On I Hub, and I Hub admins name. Also forwarded to my Houston attorney Mr. XXXX XXXXXX, Houston, Tx all saved , compiled information, saved, that he review, file personal law suit, report this to ALL ( as per I Hub advice) proper authorities, both local and federal.
AA
A lot of penny stocks I follow with roughly the same amount of outstanding shares trade that volume in a single day.
It appears to me that the article is talking about Keyna and the Chinese government doing a airborn survey for minerals not oil. That is probably a Ztem survey not an FTG survey.
As I said we shall see.
Actually the last trade was 78100 @.55
The 10Q reflects through August 31, 2013. The PP was done in September so it would show up on the next 10Q.
Vancouver, British Columbia, September 19, 2013-Wolverine Exploration Inc. (WOLV) announced today that it has closed a private placement of 15,000,000 common shares at a price of USD $0.01 per share for proceeds of $150,000. The proceeds from the private placement will be used for general working capital.
Do you no understand the difference between the authorized shares and the outstanding shares? 500M authorized 200M outstanding
Not a lot of shares for sale.
10K @ .06
10K @ .063
48K @ .075
60K @ .079
A 128K buy would take us to .08 if the Level II is accurate and there are no hidden shares for sale.