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Badog, some recent quotes from you:
"Well....sp normally indicates the current state of affairs of a company."
"So again....the sp is the final truth teller. How can anyone just ignore the sp. It is not logical to think that only a very few know more than everyone else."
"Thats why ERHC is sub-penny. If investors believed that true value/or potential was more....the sp would be more. Pretty simple."
Eh, something does not add up here... let me explain:
You claim that it is not logical to think that only "a very few" know more than "everyone else" about ERHE. Say what!?! SAY WHAT!?!
We know for a fact that only "a very few" (the funders of the litigation and management) know more than "everyone else": because the company has NOT been informing (potential) shareholders for a long time, has not even done it's SEC filing anymore!
In other words, as quoted by someone else who is very bearish on ERHC: "no updates, no annual meetings, no SEC filings. Stuck longs in the dark and facing revocation."
While you claim:
"So again....the sp is the final truth teller. How can anyone just ignore the sp. It is not logical to think that only a very few know more than everyone else."
Remember my common sense approach? Does this add up? No, it does not. And notice the word "final" you use here: currently is not "final", the litigation trajectory is still ongoing. I grant you: the share price will be a FINAL truthteller, indeed. But suggesting that "final" is "currently" is simply not true.
Krombacher also had a nice remark on this:
“You can’t have it both ways… if shareholders don’t know what’s been going on for 2 years then neither does the market know, and so EMH does not work.”
Your claim, Badog, is obviously that all (potential) investors DO know what is going on at ERHC: nothing! Hence the current share price.
I'm saying that potential investors DO NOT KNOW what is going on at ERHC at all, hence the current share price!
There is a BIG difference there! I think I broke a backboard again... Slamdunk!
So while normally the share price indicates the current state of affairs of a company in ERHC's case it is merely indicating that investors don't like the uncertainty.
https://acrinv.com/market-hates-uncertainty/
Like the guy who wrote this article, ERHC 'longs' LOVE uncertainty, it gave us a hell of an opportunity at these prices. While knowing that investing always is about taking risks, ERHC is not overpriced rigth now. We know that ERHC is undervalued thanks to the fact that we learned about the existance of the litigation trajectory that was set in motion by the ones that are protecting the company, and that are/were also saving it from bankruptcy.
Now take a guess as to why the whole litigation trajectory wasn't shared with potential investors, via a PR or otherwise...
I understand, and respect, that most investors in the world do NOT love uncertainty... but don't tell me that almost every potential investor currently knows what is going on at ERHC!
Again: Badog, there is a question still open for you in post 340491.
First of all: Badog, there still is a question open for you in post 340491.
Badog, There is a question still open for you in post 340491.
There is a question still open for you in post 340491.
And regarding:
How serious should a 'long' ERHC investor take the views of any 'analyst' anywhere on the internet that claims that a person or entity can have a final say in a company while not being an (majority) owner? It's the argument of a 'cornered cat'!
An exercise in common sense:
Dude, WHAT are you talking about?
Aha, is this a new ERHC paradigm(?):
A quote:
Some quotes:
Yo, bro:
I'm still looking forward to a comprehensive in depth common sense answer to this truly intriging question: why did ERHC insiders (management and litigation funders) not just take a look at the share price in order to conclude that the litigation trajectory was lost money?
See post 340277 for further information.
Badog,
I can only SMILE:
SSC: "Both groups are right."
DOC: "No way, impossible! Explain!"
SSC: "Group 2 (whoever that is) with its inside knowledge sees ways to profit from its litigation investment (however large of small) that have nothing to do with erhe's share price."
DOC: "Say WHAT???? Come again? They see ways to profit from its litigation investment that have nothing to do with ERHE's share price???? SAY WHAT? Explain, bro, because this is the crux of the matter.
SSC: "Listen to the message of the market. Price action and volume, or lack there of, have predicted accurately and in advance the path of erhe shares since it hit $98.90 split adjusted."
DOC: NO BRO, THE WHOLE POINT OF ALL THIS IS THAT A PRUDENT INVESTOR WHO IS SPENDING TIME AND MONEY ON ERHC (and the ERHC chat board!) ON A DAILY BASIS SHOULD NOT LISTEN TO THE MARKET NOW, SINCE IT IS A WHOLE NEW BALLGAME! I EXPLAINED WHY IN THE POST YOU ARE REFERING TO! SHORTERS EXPECTED THE DEMISE OF ERHE, BUT IT DID NOT HAPPEN.
SSC: "Group 2 (whoever that is)"
DOC: "Say what!?! How about ERHC management and the litigation funders...
SSC: "Group 1, with its knowledge of everything they know, is not willing to buy erhe above 1/10 of a penny (this is a fact) because they recognize the risk of revocation or another reverse split if erhc stays public and needs to raise capital, and obviously know a buyout with a 20,000% premium lol or a massive short squeeze when there are no share short (double lol) are not in the cards."
DOC: "BRO, that is the whole point that needs clarification but isn't given! Read again:
Friend and Foe must admit that it is very hard to explain why ERHC management is (has) not 'advertising' their company in any way, shape or form to the general public, to generate a rewarding outcome for all the litigation efforts, in the form of a higher share price? It seems indeed that they just don't care... to get the general public to buy ERHC stock.
Badog, maybe you should give it a try? You haven't so far bro...
Remember, it's THE CRUX of the matter.
By the way: there is no risk for going private, you've seen the SEC link numerous times. Owners stay owners.
READ:
Moreover, revocation will not be overly harmful to whatever business operations, finances, or shareholders ERHE may have. See Eagletech Communications, Inc., Exchange Act Rel. No. 54095, 2006 SEC LEXIS 1534, at *9 (July 5, 2006) (revocation would lessen, but not eliminate, shareholders' ability to transfer their securities).
Revocation will not only protect current and future investors in the Company, who presently lack the necessary information about ERHE because of the issuer's failure to make Exchange Act filings; it will also deter other similar companies from becoming lax in their reporting obligations.
A new registration process will place all investors on an even playing field. All current investors will still own the same amount of shares in ERHE that they did before, though their shares will no longer be devalued because of the company's delinquent status. All investors, current and future alike, will also benefit from the legitimacy,
reliability, and transparency of a company in compliance. The period of revocation will protect the status quo, and will give ERHE the opportunity to come into full compliance, to calmly and thoroughly work through all of ERHE's issues with its attorney, consultants, auditors, and management, and to complete its financial statements in
compliance with Regulations S-K and S-X
(Post 335210, amongst others)
Badog and SSC:
My question in post 340144 has, as expected, not been answered.
Since it is the crux of all this conversation between longs and the ones that took a bet on the demise of ERHC: give me an answer to that post.
who should know best, group 1 or group 2?
Gentlemen,
I explained what the currently reality is, but it seems that for some 'the share price' is all the DD they have to do, in order to make a sound investment decision regarding ERHC... mmm.
If it were only that simple, certainly with OTC stocks...
One would ask oneself: at WHAT price would ERHC be a 'buy' if one only needs to look at the share price as a matter of DD?
Lol.
I can debunk the 'share price DD' narrative via a simple question:
Which one of the two following observations OVERRULES the other? Which one of the two groups has had the most tangible information to make a sound 'investment' decision:
1. The circle of people 'in the know' about, amongst others, the contract with TOTAL, is not willing to bring the share price any higher than current levels, suggesting that they perceive the TOTAL contract, amongst others, not to be very valuable.
2. The real 'insiders' and/or litigation-funders that decided a few years ago that fighting Kosmos via expensive litigation was worth the effort in time and money (they did not fight back via litigation, just to get their money (and time) invested in that very same litigation back).
If the people from group 1 are right, then that immidiatelly implies that the insiders in group 2 are/were wrong.
Now how big is the chance that group 1 knows better that group 2? Group 2 are people that are really in the know, and group 1 is a group that has to make a guess based on (for them) available information, even if they are friends/family.
Now why doesn't group 2 give more information to group 1, in order to generate higher demand for ERHC stock? Isn't the purpose of group 2 to, in the end, to justify the investment in litigation by pursue a higher ERHE share price?
In other words: why is group 2 currently not doing ANYTHING to 'pump up' the ERHC share price, via PR's (let alone to the general public), or even by complying with SEC filing regulations, etc, etc?
Friend and Foe must admit that it is very hard to explain why ERHC management is (has) not 'advertising' their company in any way, shape or form to the general public, to generate a rewarding outcome for all the litigation efforts, in the form of a higher share price? It seems indeed that they just don't care... to get the general public to buy ERHC stock.
If investing in the stockmarket was as simple as just looking at a share price we all would have been rich without any risk involved...
ERHC doesn't (and didn't) even bother telling the general public about the ongoing lawsuits (and outcomes) via a few short PR's on the ERHC website, after all that litigation effort they put in. Why is that, while they have been succesful at least in one courtcase?
Badog,
I notice several thinking errors. Let me address two of them here.
Did you realize that the sp does not indicate anything of the sort????
If I still owned a large stake in ERHC I guess I would still be hanging onto stories of short sellers and illusive deals with Total.
I sure wouldn't be hanging on because of the management that, as you say, mismanaged it's money, made bad investments, diluted the hell out of the sp and won't file financial or communicate with shareholders.
I think you are surprised that ERHC is still not bankrupt, right?
Keep your eye on the ball, read 340010.
Good luck.
Hi Badog,
My friend, thanks for visiting us again in regards to the newsarticle about ERHC's Peter Ntphene joining the African Energy Chambers' New Advisory Committee.
I would like to ask you to read post 339987 again, in which I argued that this appointment of Peter gives more credibility to ERHC as a company.
You said: "The shit hit long long ago. Just hard for stuck investors to accept."
Maybe it's good to remind you that these so called "stuck" investors (a premise that has been debunked here numerous times already), bought most of their shares in the .0001 - .0004 region.
So it's not hard at all to "accept" for longs that "the shit" happened long ago, they even acted on that "shit" long ago. It's is in fact the other way around: it is hard to accept for the people that took a bet on the demise of ERHC long ago, that ERHC is still alive, and they still don't accept it. They are very vocal about it.
ERHC is still not bankrupt, and Peter Ntephe is even (allowed to) stepping up in the publicity, by accepting this appointment. This is not bad news for longs, by any stretch of the imagination.
For the ERHC share price this is not relevant, not only because of EMH, but also because of the fact that proper DD into ERHC's whereabouts is difficult. For example: even longs did not know about the 400+ pages of litigation for most of the last years. It's still not visible for the 'main public'.
So the recent news should not be linked to a higher share price, but it should be linked to more credibility for ERHC itself.
So, I'm not 'stuck' in ERHC, Badog. BUT I do know people that ARE stuck in ERHC, by the way. They are very vocal and visible in regards to the whereabouts of ERHC.
Again, thanks for visiting us here, in reaction to the latest encouraging news:
https://energychamber.org/2020/07/29/after-covid-19-african-energy-chamber-pushes-for-renewed-exploration-drive-with-new-advisory-committee/
Fact check:
The African Energy Chamber surely knows who Peter is, and did not see an 'image' problem for this highly visible Advisory Committee.
That is the most important conclusion we can draw from this article!
I don't think they would have given on of these Committee positions to an ERHC shorter... if you catch my drift.
"Acting in their personal capacity, the Exploration Committee members gather decades of experience working in the exploration industry, and understand the importance of keeping seismic programmes and exploratory drilling going to preserve the future of the industry."
I would even take it a step further than Krombacher: I think the Chamber is well aware of ERHC persisting and holding on to areas as the EEZ and JDZ... and bringing TOTAL onboard. They were probably impressed by the tenacity Peter (and ERHC) showed.
If Peter would have been only the Captain of an empty shell company, on the verge of bankruptcy, I don't think the Chamber would have said: "You are the man we are looking for! For this highly visible job, we also need someone who has showed irreproachable behaviour during his career."
I also think that a lot of people who read this article (or hear about this Advisory Committee being appointed) will do a short google on 'ERHC', and I think the Chamber is well aware of this. It seems that the Chamber has also no problem with the fact that ERHC has not done any filings as of lately. Just think about that for a second... it's a highly visible committee...!
ERHC will undoubtedly gain more credibility by this appointment!
This is extremely bad news for people who betted on the demise of ERHC.
The Doctor.
You are the King, pindg...
Great find, the guy still lives, and ERHC also.
My buddy SSC,
poorly thought out excuse for erhe shares sitting near zero for over 3 years without a trace of proof to support it.
Of course the entire discussion is moot because there is no proof erhe short positions exist, and this illogical explanation does nothing to prove naked shorting of erhe.
Maybe you should read back post 339246
That explains everything about ERHC's stakeholders here.
And again, also read: 339541
Interesting for the ERHC shorters, and longs:
(A google tranlations from a Dutch article)
Exploding stock price
To be able to short you have to borrow shares and promise to actually deliver them at a predetermined time in the near future. If you have to buy share A at 90 instead of almost zero, you will lose a lot. Sometimes it is the shorters themselves who cause such a price jump.
"That happened, for example, when Porsche raided Volkswagen," says Daalder. “The stock was cut en masse. When the shorters had to deliver, there were simply too few Volkswagen shares for sale. The course exploded. ”
This is called a short squeeze and is a source of exuberant gloating for the many shorthaters when it occurs. This is the risk. And then there are the costs. "A kind of interest for borrowing, plus a scarcity fee," explains Daalder.
Indirect shorting
The latter varies with the availability of the shortened share. "Normally you pay three basis points, but that can add up enormously." In addition, Cees Smit adds: "If you distribute equity dividends while you have borrowed them, you must transfer that to the lender."
https://www.iexprofs.nl/Feature/477464/aandelen/Shortselling-is-even-gehaat-als-riskant.aspx
Nightdaytrader...
Didn't you learn anything from JDZ drilling? Look at all the millions spent and for what?
Yeah, this one contains some impressive logic.
Indeed, why put up a fight (which they lost), if they did not have to?
I'm sure a none - stakeholder can come up with a valid explanation...?
The Doctor
(Make this one a sticky post)
Badoggy,
No deal with Total....................................
At least that's what the sp implies.
Haha,
Indeed emdyal.
But it is already more than obvious if even newbies notice it, we don't even have to talk about it anymore.
I do like to see Total going into action mode in the EEZ and JDZ. Hopefully Corona will be behind us in the short to medium term.
SP down
and Shorties come screaming back to life !! When the SP was at 7 and 8
a terrified silence set in !!! Speaks volumes and says so much !
Is there already an indepth answer to post 339582?
It's crucial for ERHC investors.
Is the answer written down in post 339541.
Wait for news, and you'll see what happens to the share price. Total has plans in the EEZ and JDZ, that is why ERHC is not bankrupt...
Good luck.
Investors who gambled on the demise of ERHC have a problem.
Hi VegasAndre,
Of course there is a reason.
There has to be a reason why many here are putting tons of energy into this non traded company..
Maybe you should read back post 339246
That explains everything about ERHC's stakeholders here.
And again, also read: 339541
That's what erhc did.
Circumstantial evidence is evidence that relies on an inference to connect it to a conclusion of fact—such as a fingerprint at the scene of a crime.
Hang in there. Go ERHC.
Maybe you should read back post 339246
That explains everything about ERHC's stakeholders here.
That is a very long ERHE post.
We are all stakeholders in ERHE indeed.
Some gambled on the demise of ERHE, I did proper DD instead and went even longer.
We will wait for news, that will pulverize the ERHE gamblers.
Badoggy,
Your post is not correct.
Sorry to butt in here but I have been waiting for positive news from ERHC for many many many years
Instead it just kept getting worse.
Rarely see a stock do a large reverse split and then go to triple zeros...and then recover.
And the market isn't buying the promise of any positive news.
Investors would be tripping over themselves to get shares of a company with the amount of potential as some here think ERHC has.
Very smart investors would not miss an opportunity to own a stock that could go from .0005 to $8. Don't ya think?
Buddy, hang in there.
Just wait for ERHC news, and then we'll see what happens with the share price.