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I think it is a main goal of Total to fool the ERHC longs.
The contract and the whole litigation trajectory was just a way to achieve this goal. To make it believable.
Wait for news, and see the shorters being pulverized.
Wait for news, and see the shorters being pulverized.
Yes the shorters are stuck.
Read post 339246 again.
The day in day out ERHC following stakeholders that gambled on the demise of ERHC are literally stuck, news will pulverize them.
Everybody wants return on investment, everybody wants return on a investment of money, and time.
You too have to wait for TOTAL news.
And then we'll see what happens.
Hi Badog,
My friend, how are you? Good to see you visiting every now and then, and keeping an 'objective' eye on ERHC.
The stock does not have to go to $4,- or even $1,- or even less, to be massively successful.
For the time being (lol) I would advice to hold, if you bought most of your shares in the current range:
It seems that the SEC has trouble to revoke ERHC's shares.
Maybe you should ask them to speed things up? Why does this need to take so long, such a simple case...
But regardless, any daily follower who does not own shares knows that the only option is to wait for (TOTAL) news, before the axe will fall.
I relax and wait. Just the thought that I was spending my time here, without having ERHC shares, still gives me the jitters. Knowing up front that I never can/will be rewarded for that time spend on following ERHC...
But... fortunately I have 50 million shares.
You have a point by mentioning the "funding by litigation finance firms".
But... those firms usually only take cases that are almost predictable in their positive outcome. This because of the HUGE costs of litigation.
So evidently it was/is worthwhile for all stakeholders involved, if at all they had to make use of a litigation finance firm...
It is not the most likely scenario.
And SSC:
"Total doing a buyout of this grey market company with the SEC seeking to revoke its shares for delinquent filings is not bloody likely. Shareholders are indeed stuck."
Again, again, again: a loop-discussion.
This has been addressed and debunked numerous times.
* Longs bought at these levels, why unload now?
* Litigation trajectory is in final stages, why unload now?
* Total will start in the EEZ and JDZ in the near future, why unload now?
* Why not wait for news, why unload now?
Revocation, if at all, does not matter one IOTA for shareholders' ownership, as was shown via official documents on more than one occasion.
Sigh...
This has been addressed so many times... shorters also have no option than to wait for news, whether they like it or not.
Shall we wait for news? No?
Yes! Everybody is obligated to wait for news.
Again a loop-discussion.
This has been addressed and debunked numerous times.
* Longs bought at these levels, why unload now?
* Litigation trajectory is in final stages, why unload now?
* Total will start in the EEZ and JDZ in the near future, why unload now?
* Why not wait for news, why unload now?
Sigh...
This has been addressed so many times... shorters also have no option than to wait for news.
Shall we wait for news? No?
Yes! Everybody is obligated to wait for news.
There are links to proof of the existence ERHC shorters, on a daily basis.
You don't have to wait for them.
There is even daily proof of shorters.
There is proof of shorters.
You just need to know where to look.
By the way: look up in old posts from several years ago that the bankruptcy of ERHC was proclaimed by shorters.
We are in an argumentation-loop it seems:
"And in spite of any and all bullish dreaming, there is still no one willing to pay more than 1/10 of a penny for erhe and it has been that way for over 3 years."
There is no bullish dreaming by TOTAL.
Again: shall we wait for news?
If anything that shorters have claimed was even remotely factual, actual and realistic, ERHC would have been left for dead by everybody involved, years ago. The opposite seems to be the case.
Somebody funded the litigation trajectory for ERHC, and they still saw existing potential in ERHC. I'm sure they came to that conclusion after extensive Due Diligence... (probably by looking at the share price for 1 hour straight, without blinking their eyes...)
I explain that: the entity or person(s) that paid for, and invested time into the 400+ pages of litigation regarding just EEZ block 4 alone, probably (understatement of the millenium) has the majority of the ERHC shares already. Otherwise it would not have been worthwhile for this insider to start and fight this lengthy court-process. ERHC would have simply filed for bankruptcy.
The Doctor.
Quote by SSC:
Indeed, just like fear mongering for years by shorters did not work to get any substantial volume on the board.
"So what will it take?"
Like with any other company: news.
I already adviced to wait for news. Total will go ahead at a certain point.
Companies turn to the waters of São Tomé and Príncipe
https://www.clbrief.com/companies-turn-to-the-waters-of-sao-tome-and-principe/
Is there shorting going on with this stock?
Beware of some well know shorters...
SSC person,
It seems I need to repeat common sense remarks into oblivion:
"To top it off, "insider buying on steroids" is now the latest addition to the ever changing bullish narrative."
But true nonetheless.
"At least that one should be easy to prove - just look at the SEC disclosure filings of erhc insider buying."
Oh, wait... maybe it is an outsider who is behind the litigation! Eh, wait again... maybe it is an outsider with less than 5% ownership that is behind the litigation trajectory!
Now, you indeed need proof to substantiate such a bizar suggestion... lol. It isn't particularly drenched with common sense, is it?
I gave shorters the advice to memorize a quote days ago:
I explain that: the entity or person(s) that paid for, and invested time into the 400+ pages of litigation regarding just EEZ block 4 alone, probably (understatement of the millenium) has the majority of the ERHC shares already. Otherwise it would not have been worthwhile for this insider to start and fight this lengthy court-process. ERHC would have simply filed for bankruptcy.
ERHC is without a doubt hugely undervalued, an insurmountable problem for shorter who franticly try to change tide, on a daily basis, and get some substantial volume on the board. Not very successful obviously. But... tommorrow is another day.
Reread why ERHC is undervalued: 338924
The Doctor.
Badog,
Since you are back again: everything has been discussed, addressed and debunked already, more than once. And that is an understatement.
To catch up you could start here: https://investorshub.advfn.com/boards/Profile.aspx?user=67305
The shorters are of course 'sceptical', but that is for obvious reasons:
"400 pages, initials included, worth almost nothing and that fact is documented and verified every day."
Main problem for the shorters is that an ERHC insider with deep pockets saved ERHC from bankruptcy, and managed to create another chapter to the story, in which TOTAL plays a main role now.
ERHC could do worse, imo. Lol. I'm not worried about the current share price. I have all the time, and in the end ERHC will not be undervalued any more.
Shorters rather not want to wait for news, as we see evidence of that here every day. Any open minded investor would take the position right now, to see and wait for final steps in the successful litigation process.
Shorters, on the other hand, suggest right now that longs (so including the ERHC insider-entity with deep pockets, that, after a cost-benefit calculation, went ahead with the lengthy, time consuming and costly litigation trajectory) desperately want to get out now, but find themselves 'stuck' in ERHC... just before the end of this long road...lol.
And that is an assumption by shorters that is as hilarious as it is unbelievable, born out of sheer desperation probably. Since it can be objectively established that ERHC is currently hugely undervalued.
The whole existence of this litigation trajectory can even be seen as a form of extreme insider buying by management of a company.
"Insider buying is the purchase of shares in a corporation by a director, officer, or executive within the company. ... Additionally, since insiders have unique insights into their own companies, they often gobble up often shares when they believe the stock is undervalued. That's why people pay attention to insider buying."
The whole litigation trajectory for just one block in the EEZ is even more compelling and convincing than just insider-buying: this is a form of 'insider buying on steroids' since common sense dictates here that this entity is not just an ERHC insider, but also a majority owner of shares already, because the cost-benefit requirements of the litigation trajectory must be convincingly met.
The Doctor.
A strange conclusion:
"Simple to understand why price remains near zero and no links can be provided."
Not that simple at all (only if you accept that EMH does not work here).
The Krommafier already went to great length to explain to the shorters why we can say that ERHC is undervalued:
Thinking errors over and over again:
The suggestion by shorters that this ERHC insider and majority owner now suddenly wants to get out of ERHC, but found himself 'stuck' with his majority percentage, just when the end of this successful trajectory is in sight, is a hilarious suggestion.
"Link please to prove any interest of purchasing erhc by Total (or anyone else).
Without that, the entire bullish case is nothing but bs repeated again and again for over 3 years."
I think some corners are cut here, to use an understatement. So because you think you have no link to any interest by TOTAL in ERHC, it's BS. Ah, that makes sense, doesn't it?
The major problem for shorters is that ERHC is seriously undervalued. It's a insurmountable problem for them.
The insider entity or person(s) that paid for, and invested time into the 400 plus pages of litigation regarding just EEZ block 4 is probably (lol) of the 'opinion' (lol) that the litigation is worthwhile cost-benefit wise. This entity or person is of course an insider, with all the information at hand to make a sound judgement whether or not this is all worthwhile. This insider information very likely contains high interest by TOTAL in block 4 of the EEZ... hence the contract. It's hardly rocket science.
The Doctor.
There is a constant flaw in the logic that shorters present.
The insider entity or person(s) that paid for, and invested time into the 400 plus pages of litigation regarding just EEZ block 4 is probably (lol) of the 'opinion' (lol) that the litigation is worthwhile cost-benefit wise. This entity or person is of course an insider, with all the information at hand to make a sound judgement whether or not this is all worthwhile.
That is why Warren Buffett is educating people not to try and find answers in the share price of a company. Proper DD is what this ERHE insider did, before going ahead with this court-trajectory. I'm sure this majority owner did not just look at the share price of ERHC in order to justify his decision for giving the green light to go ahead with this lengthy, expensive and time consuming process.
And suggesting that this ERHC insider now suddenly wants to get out of ERHC, but found himself 'stuck' with his majority percentage, just when the end of this successful trajectory is in sight, is a hilarious suggestion.
And this is the very reason why Warren Buffett has told people several times, NOT to look at a company's share price in order to find answers about that company's investment potential. If he had done it that way, you would have never heard about Warren Buffett. It is more than obvious that ERHC is currently undervalued. And that is were the massive problem lies for ERHC shorters.
The Doctor.
An advice to all ERHC shorters:
Whatever you do, DON'T MENTION THE CONTRACT!! NEVER!!
***
Warren Buffett was clear in mentioning that no company's condition can be judged by it's share price.
Wouldn't that be something: just looking at the share prices of an OTC company, or any other company for that matter, and consider that proper DD done. Then investing would have been an easy game, wouldn't it? Producing lot's of 'Warren Buffett's' I'm sure.
But this of course does not make any sense, since past performance is never a guarantee of future results.
"Pretending that being stuck in the triple zeros for over 3 years is a good thing..."
Longs are not pretending. They don't have to.
"But for now it continues to be a loser for stuck shareholders with no way out."
The insider with superiour knowledge about what is going on behind the scenes, does not feel 'stuck' with 'no way out', near the end of a lengthy and expensive litigation trajectory! Again: OMG. I dictated this common sense remark yesterday...
It has been explained by me in great detail on more than one occasion here. Other longs also don't feel stuck, since they bought most of their shares at current levels, without even having knowlegde of the 400+ pages of litigation and the TOTAL contract... So, obviously for them the situation has become way better over time. For shorters the situation clearly has become worse, since a bankruptcy is further and further away.
"Good luck, maybe some day erhe will see a penny or two."
Just yesterday I said that the shorter have no other option than to wait for news, just like the longs. I know it's hard for them. (By the way: 1 penny is a 2500% gain from the current share price. Eat your heart out, Warren Buffett... )
The Doctor.
Like Warren Buffett said: "Price and volume tells you nothing!"
And I think he knows what he is talking about. He also explained in great detail why price and volume tells you nothing.
"If anyone believed the price was going to $8 or even 8 cents there would be enough buying to move the stock closer to a penny than it is to zero."
The insider(s) that paid for, and invested time into the 400+ pages of litigation regarding just EEZ block 4 alone believes the share price will go at least past 8 cents. Otherwise it would not have been worthwhile for this majority owner to start and fight this lengthy court-process.
This is not rocket science, and it has been mentioned here more than several times.
The shorters have no other option than to wait for news from, for instance, TOTAL.
The Doctor
Common sense dictates against:
I think any ERHC shorter and/or non-stakeholder should memorize this quote:
I explain that: the entity or person(s) that paid for, and invested time into the 400+ pages of litigation regarding just EEZ block 4 alone, probably (understatement of the millenium) has the majority of the ERHC shares already. Otherwise it would not have been worthwhile for this insider to start and fight this lengthy court-process. ERHC would have simply filed for bankruptcy.
Again for repetition sake:
"All that slam dunk bs and share price still near zero."
It was far from BS, on the contrary. It was a Slam Dunk common sense post. Price near zero, perhaps a buying opportunity for the shorters and other non-stakeholders? Try to get some shares, will be hard. Try it.
"And no one, particularly Warren Buffet, interested in buying."
Warren Buffet had no interest in buying Apple when it was cheap, Warren Buffet had no interest in Amazon when it was cheap... eh, what is your point exactly?
In the mean time a golden quote to memorize:
For all the non-stakeholders and other shorters: let this quote sink in for a second, every day. Let it really sink in... And then try to buy some ERHC shares. 3 Billion shares out there, yesterday's volume: 0.
When TOTAL sets the wheels in motion, the shorters will be used as tarmac.
The Doctor!
"Triple zero non-reporting companies can linger indefinitely."
But they won't. Research it. And... at any point during all of those years there surely must have been a moment that they would have closed shop, normal procedure. But they far from closed shop, because:
"At this point erhc has nothing to gain by filing for bankruptcy."
Bro... BRO: they are in THE MIDDLE OF LITIAGATION! Hello!?! Actually: near the end of a succesfull litigation trajectory! "At this point erhc has nothing to gain by filing for bankruptcy." DUH... hahaha!!! No, they indeed have nothing to gain by filing for bankruptcy now, or 3 years ago.
Omg, omg.
"Also amusing that those who know the inside story continue to find no reason to buy, even at these low, low levels."
Eh, sorry? Again please? Just yesterday I explain that: the entity or person(s) that paid for, and invested time into the 400+ pages of litigation regarding just EEZ block 4 alone, probably (understatement of the millenium) has the majority of the ERHC shares already. OMG, OMG, otherwise it would not have been worthwhile for him to start this process.
"Applying any of his investing strategies or disciplines to erhc is totally irrelevant."
Nope, not irrelevant at all: Warren Buffett explained that if you want to know something worthwhile about the state of ANY company, you for sure should not be looking at it's share price in order get some significant answers. I'm sure he also would suggest to anybody that it is way better to look at, for instance, the 400+ pages document, which contains a contract, than to solely mention the current share price, and consider that proper "Due Dilligence". That approach is the very reason why the entity or person(s) went full force ahead with the litigation process.
A Huge Slam Dunk by the Doctor again.
Again:
Warren Buffett talks about companies in general. ERHC is a company. The ERHC share price won't tell you much, by the way: Krombacher gave several reasons why the share price is not moving currently. Will this stay the case indefinitely? lol...
No Warren Buffett will never invest in ERHC, but Warren Buffett wil not invest in a lot of companies. It's just that looking for certain 'answers' in the ERHC share price at this point in time is not that prudent because:
The entity or person(s) that paid for, and invested time into the 400 plus pages of litigation regarding just EEZ block 4 is probably (lol) of the 'opinion' (lol) that the litigation is worthwhile cost-benefit wise. This entity or person is of course an insider, with all the information at hand to make a sound judgement whether or not this is all worthwhile.
The entity that did put up this effort to save ERHC from Bankruptcy actually caused huge problems for shorters and other alledged NON-stakeholders that follow ERHC on a daily basis.
Even the assumption that this entity or person will throw in the towel at this point in time, because the share price has not yet moved, is of course hilarious. Because they are in the middle of a process of either further litigation (like Krombacher explained to you: not likely) or moving ahead.
Does anybody really think that at this very moment, this entity is pulling the plug... because it all ain't going fast enough with ERHC?
lol.
The real Truth, the real facts:
Hi, how are you today?
How is ERHC doing? Still going strong?
I agree with you.
I spend way to much time here, on this lousy, bad potential stock.
Bro,
I've read that sentence before, not impressed. WARREN BUFFETT talked about investing in companies in general, and everybody understands that. EHRC is a company and you can invest in it.
I consider that 'answer' as a mea culpa.
I'm glad the message and logic finally came accross.
Shorting ERHE turned out to be a very risky endaevour, but that is part of the game.
I have no time for elaborating chit chat.
What is it exactly that you don't understand about Warren Buffets' statement?
He could not believe that certain companies traded for certain prices. There was no logic behind it.
THAT observation made him incredibly rich. Otherwise he could not have made any money. He bought and bought, like us longs did, while others were evidently not paying attention.
Will the ERHE share price reflect correct value somewhere in the future? Yes, of course.
Any news from TOTAL, and it will start moving in the right direction.
That is why Warren Buffett said that you can never look at the share price and deduct valuable company information from it!!!
And yet, the shorters keep on justifying their negative view on the company, by looking at the share price... for obvious reasons.
Is this concept of Warren Buffett truly that hard to grasp?
Not for me it isn't!
What you always seem to forget is the fact that any terms of the deal between ERHC and TOTAL (called by you as: "the possible deal" lol), results in a much higher share price than currently is the case.
So you don't need to know the specific terms in order to be able to conclude that the current share price does not reflect the current value of the this company. And what you certainly can't do is make the claim that at this point 'the market' is right in it's valuation of ERHC! Or that the contract "possibly" does not exists at all.
Actually, you are saying this yourself:
There is very much evidence of shorters. Every single day there is hard proof of ERHE short positions
Ignoring that proof is a choice.
The Doctor.