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hoping for another green day tomorrow. Still under water on this baby 4 years later.
Curious trading? 21,000 shares to bring us to .48 and then they disappeared from site. The stock says .48, but no shares traded.
What does that mean?
First of all: Kool Aid for everyone! Secondly, I also worry about the VMWARE/EMC issue. I think it would be nice if current shareholders could have the privelege of pre-IPO pricing in the new sub to guard against such a thing.
Fishdog, Can you spill any of that kool-aid?
Didn't Oily also state "How many will not heed Circe's advice, only to C that they're no longer in boat."
Maybe he does have an in if C is Chevron.
Yeah but Kool Aid will still Be Kool Aid!
We are going to be rich in a fortnight. I can just feel it!
Agent1107, You and I exchanged some posts on this stock back in March. I was confused on which POS stock that GZFX originated from. It was not KIDE as I adamantly argued, it was Syconet that became virtually worthless and then was converted to PGHI or Point Group Holdings and eventually to GZFX. I am sorry that I made this mistake, because if I hadn't, maybe my warning would have been taken more seriously. I sincerely hope that you didn't get tagged by these assholes as bad I did on Syconet years ago.
Can't wait to see what these old shares morph into next. I will hang onto these in hopes of warning the next group of unsuspecting Flemming victims.
Good Luck to ya!
Kobiashi-san,
If you have any futile or stupid gestures that would help this stock price, I have no problem embarrassing myself in public.
After all, I recommeded this stock to all of my friends! I have no shame left. LOL
$6.60??, I would sell every share I own for 66 cents Per share! I would have a nice tidy 3 cent profit and I would say goodbye to this stock! At the rate this is dropping, I will be more likely to fill out a worthless securities form to sell my 55,000 shares for a grand total of 66 cents.
Anyone have any Kool Aid? I seem to have run out!
Thanks Rambus! Good Info.
Lynette D. Bratton, J.D.
Background
Lynette D. Bratton (Of Counsel). Lynette earned a Bachelor of Science in Business Administration from the University of Kansas in 1982 and a Juris Doctor from the University of Missouri-Columbia in 1994. Prior to attending law school, she worked in marketing and sales for IBM and Merek & Co. While attending law school, she served as a clerk for Bryan, Cave, McPheeters and McRoberts in St. Louis, Missouri. Upon graduating from law school, Lynette relocated to Houston and began her legal career as an attorney in the litigation division of Exxon Corporation. Thereafter, she worked for several years as an associate with the transactional firm, Drayden and Wyche, L.L.P.
Practice Areas
Ms. Bratton's practice is primarily in the areas of real estate, telecommunications and general corporate law.
Art, then put me on ignore and have another Kool-Aid!
Question: does the Kool-aid always look red because its cherry or is it the color of your glasses?
At the risk of sounding like another negative Michigander, if all of these wise oracles are powerful enough to know what will happen in the GOG, then what the hell are they doing posting on a penny stock message board? Does this seem unreasonable to anyone else?
All the oracles and birdies are posting. Damage control?
Not sure if I'm interested in drinking the Kool Aid anymore.
I have decided to be a bagholder until February of 08. If this company has failed to communicate to us by then with anything substantial, then I will take my 70 percent loss (if not more by then) and move on. Looks like the too good to be true phrase will win out again.
The bag holding is worse when you look at some of the missed opportunities. My wife's favorite stock (Garmin)has gone from $25.00 to $108.00 in the near three years that I have owned this.
Google Up 700% in the same time frame
Apple up 300% in the same time frame.
Where do I stand on ERHE? down 67% and the bag is getting heavy!
That is because the bones are picked clean. The smart and dumb money have moved on!
What will be the next chapter for this stock?
Seven or Eleven?
Will I be able to recoup my losses on this stock before Andromeda arrives?
52,500 shares for me. Just got back from a week of camping in not so friendly Michigan weather. Can Anyone give me a briefing on what caused the rise to 32 cents?
Tim
Iwon't be convinced that anything is new until the volume starts showing it.
10 pecent of the OS would convince me. 2 measly million doesn't suggest anything.
Claudealain,
Your view of ERHE through the bottom of a beer glass looks much better than my view of this stock sober! I think I'll start drinking!
Tex, Wish it was me!
2,150,701 shares with a 39.5 close.
Very nice to see!
Bid at .38 Ask is up to .40
4K shy of 2million on my relatime ticker at .39
OT Fictitious WMD's; war for oil; Haliburton; FEMA and the Hurricane; outing of CIA agents; mass firing of US Attorneys.
Kinda puts Bill Clinton's BJ in perspective doesn't it!
Don't blame the shrub, he's just the dumb puppet. The real criminals are Rove and Cheney.
I don't care if it's Barak or Borat at this point, just give me someone else!
1.3 billion shares is a lot of shares for any company to start with. Now there are three times that many.
I would love to print my own money whenever I feel like it. Sounds like a great gig.
He was involved in the stock in the 90's. I was a young investor and bought into it due to the Pokemon craze. It basically went to zero. I was issued stock in PGHI (Point Group Holdings- Sound familiar)as a conversion (consolation prize) This was eventually converted into GZFX stock. It has been in my portfolio for years because I didn't bother to file a worthless securities form.
Not lost at all. Apparently you don't know much about Mr. Fleming's past. GameZnflix is just the latest in a line of failed businesses that has made him rich at the expense of investors.
KIDE was into the Pokemon craze. It went belly up, got converted to a holding company and re-emerged as Gameznflix.
My shares in this POS came from KIDE. I just never bothered to fill out the worthless securities form. So now I am the proud owner of this POS. I started looking at it once in a while when it went over a penny, but now it is back to it's original value.
The man is a master of dilution!
John Flemming strike again! Want to see his previous dilution successes? Look up For Kids Entertainment. (KIDE)
His biggest success is theft from unknowing investors.
This well looks close to being dry. I wonder what his next great venture will be?
Ruby,
Can you please post what Electick's deleted post had to say.
Thanks,
TS
Oilphant: " Ignore the Screaming sirens"
Screaming Sirens:
Chevron- Obo1 Not commercially viable based on first well
Sao Tome: JDZ oil over hyped
My Dad: If something sounds to good to be true.... Ah well we all know the rest.
Company PR: " empty "
Resolve :tested
Patience:tested
Faith: Believe it or not.. It is still there!
Go ERHE Do or Die!
A lot of people here hammer Oilphant for his wrong predictions. Will we hold S. Freed under the same scrutiny if his message regarding a second well in March does not come true?
Has he been right about anything in the last five years?
Possibly a pumper of a more subtle color?
Things that make ya' go HMMMMMM!
The last 5 months have seen a whole lot of excitement over a whole lot of excrement on this board! It ain't gonna happen til it happens!
We need Jed Clampett to start shootin' at some food! until then, be patient or think about somethin' else. Like Ellie Mae!
SAO TOME, 5 Jan 2007 (IRIN) - These sleepy twin islands poking out from the depths of the Atlantic Ocean are among the most peaceful places on earth. Now, with geological surveys suggesting that the islands could be sitting on billions of barrels of oil and, with a population of less than 150,000, every man, women and child on the islands could, in theory, become millionaires.
Some of the world's biggest oil companies have already paid hundreds of millions of dollars for the right to drill oil in the surrounding waters. However, experts on the effects of sudden resource wealth in poor countries are sounding the alarm that Sao Tome and Principe could destabilise and even collapse.
"The production of natural resources is liable to give rise to various types of political frustrations within a country." That is the view of such leading economists as Jeffrey D. Sachs, and Nobel Prize winner Joseph E. Stiglitz, writing together with political scientist Macartan Humphreys in 'Escaping the Resource Curse' a book to be released by Columbia University Press in June 2007.
In the introduction, Humphreys, Sachs, Stiglitz warn that, "resource-rich countries grew less rapidly than resource-poor countries during the last quarter of the twentieth century." Plus, they said, "[research suggests] a strong association between resource wealth and the likelihood of weak democratic development, corruption, and civil war."
Yet researchers specialized on Sao Tome remain divided over whether it is going the same way. It does not have a history of social tensions and there has not been political bloodshed.
"I basically remain optimistic, said Gerhard Seibert, a researcher from the Lisbon-based Tropical Research Institute and author of a book on political and economic changes in the country since Portuguese rule ended in 1975. "I just don't think things will get as bad as in other oil-rich African countries."
Still, he and others express concerns about the corrupting influence of the nearby economic and military giant Nigeria, with which Sao Tome has agreed to share its oil wealth.
Theory or practice?
Crime remains low in the quaint seaside capital Sao Tome (which carries the same name as the island), and where everyone seems to know each other. "There is more money floating around," said Martin Sandbu, a specialist in the political economy of natural resource wealth at the University of Pennsylvania's Wharton School of Business, who recently returned from the islands, "Although the divide between the rich and poor is also increasing," he added.
"For the general population, the economy is stagnating and people don't seem hopeful that the government is going to be able to do anything about it," he said.
For Seibert, the oil has clearly come with social, economic and political costs. Competition over the wealth risks fracturing the government and exacerbating discontent within the country's tiny armed forces, he said. In January 2006, police revolted after the government failed to pay them their salaries, he noted. And in 2003, soldiers, led by Major Fernando Pereira, attempted a coup while President Fradique de Menezes was visiting Nigeria.
Pereira and his men stood down when Nigeria threatened to intervene.
Since then, there have been few other signs of trouble, even during three rounds of national elections in 2006, in which Nigeria provided campaign funds to many candidates, and there were widespread reports of vote buying.
The elected government has insisted that it has seen what has happened to other oil-rich African countries and it is not going to make the same mistakes. "Here, oil receipts will benefit the whole population," its spokesman, Adelino Lucas, told IRIN.
The government has been praised for a law passed in 2004 laying out how it must spend the revenue it gets from oil. The law's stated aim: "the elimination of poverty and the improvement of the quality of life of the Sao Tomean people to ensure a harmonious and integrated development of the country, and a fair sharing of the national wealth".
So where's the money?
So far, not a drop of the oil has been pumped out of Sao Tome's waters. In May 2006, ChevronTexaco announced for the first time that it had struck oil, though it also said it would need to do more drilling to determine whether the discovery is commercially viable, and that would not start until the end of 2007.
Oil companies have, however, already paid out some $237 million for the right to look for the oil, although only a fraction of the money has gone to Sao Tomeans.
One reason is that Sao Tome agreed to share the wealth with Nigeria, taking only 40 percent. As Nigeria bore the initial cost of setting up the joint arrangement - which many experts said Nigeria inflated - Sao Tome has had to use much of its oil money to pay Nigeria back.
Yet, even out of the estimated US $80 million that Sandbu reckons the government has received, less than US $30 million has gone into government coffers, with the rest being invested in New York on interest-bearing securities. This was what Sachs and his team, along with the World Bank and IMF, had called for. They said the government was not yet set up to use the money effectively, plus a sudden spike in spending in the country would exacerbate inflation which already stands 20 percent.
Meanwhile most Sao Tomeans want to see tangible benefits from the oil money, and that is one of the other many dilemmas for oil-rich countries, said Jenik Radon, the author of one of the chapters in 'Escaping the Resource Curse': "How can the challenge of rising expectations, desires, and demands be satisfied."
Radon also notes that when governments get revenue from oil companies, rather than by taxing their own citizens, they become less responsive to local concerns.
On the streets of Sao Tome people are expressing frustration. "Politicians are all bad," said one young man who requested anonymity. "They only look after themselves with good cars and big houses. For the rest of us, we will continue to be poor," he said.
Corruption or ineptitude?
Jose Cardoso works in Sao Tome for a coalition of NGOs called Publish-What-You-Pay. The coalition is pressing for transparency in the oil industry, although he said it is still too early to say whether the oil money is being misused. "We don't have access to data because the activities are very new," he said. But he added, "There is a possibility of irregularities, without a doubt."
For Sandbu, "The government is weak on laws and policies for awarding new contracts to oil companies, as well as on what to do about the bad agreements it made in the past," he said. Good laws on how the government spends its revenue are not much use if the revenue never gets into its coffers, he added.
The researchers have seen evidence of politicians making shady deals with oil companies for personal gain. Sandbu said the government has so far lost at least US $58 million because of bad oil deals, which he said is likely to be the tip of the iceberg.
But the question is whether the bad deals were a result of incompetence or corruption.
President de Menezes blames his predecessors for agreements made with questionable Nigerian and US-based companies, and he has since reneged on some of the deals. Yet in October, the Norwegian watchdog NGO Norwatch released an investigation of agreements between the Sao Tome government and a company called Geo-Services (PGS) which said, "Political contacts all the way inside Sao Tome's presidential family enabled the Norwegian seismic services company PGS to obtain two lucrative agreements in 2001."
The company and the president have denied any wrongdoing, but as people's frustrations grow, appearances are what count. The former coup leader, Major Pereira, who has since been reinstated into the army, told IRIN, "We have seen corruption and all we want is to stop it."
ze/dh/vj/jm
Oilphant,
Is there something surfacing that we should be concerned about?
Drilling a boundary well seems like a pretty shrewd maneuver to me. It keeps the truth concealed for longer, confirms the presence of hydrocarbons wich were only shown previously through seismic data, and allows Chevron time to plan their next moves while JDZ participants prices are low.