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Doubleaa, if not to much trouble, would appreciate it too! Hilla37@gmail.com, thanks!
To anyone, how is it that hdy has been able to list on the amex when just until recently their share price and situation was so similar to ours, I don't know how long they've been listed on the amex but i truely believe this is one of the things helping their cause.
agree 1000 percent, this is exactly why we are at .16 a share, it just doesn't make sense to have done what they did unless they could somehow get the deal of the century for a couple mil and we all know that probably isn't the case, so Peter please explain!
TOB, I'm sure you sent them all gifts for xmas since they've done such a wonderful job, and to be honest i really could do without your opinion on this as well as some of the other things you've commented on, and i've wanted to say that for quite sometime!
Man, this stock is one big lump of coal in the stocking. Thank you management for making this one great year to remember! Merry stinkin xmas!
Exceo, at the rate we've been going lately i wouldn't be surprised to learn our own management is behind it. Hate to feel this way but sometimes i just can't help it!
Krom, and also if he doesn't believe there is a negative perception surrounding this stock right now tell him to take a look at the shareprice, down almost everyday since they did the offering, and they are soley to blame for that move.
I thought we still had about 20 mil plus what they raised from the private placement. anyone!
Mid, your right about that, with so many loose ends right now and no clear direction for the future, a management under extreme mostly warranted criticism i doubt it will make much of a difference, but it will show at the very least that they are capable of getting something accomplished, for whatever that's worth!
Could it just mean that by being on the aim, it makes it more attractive to institutional investment, not necessarily by means of the shelf but in general. just a guess
A big part of the problem now, more than ever is it's becoming harder to trust management and what truely are the motives behind what is happening or not happening. The shelf and dilution at this time has everyone uneasy, i think most believe they will never buy a thing and at the rate they're attempting to raise money it will take forever anyway, so it just doesn't seem rational to be doing it, yet peter has hung that knoose around our necks and it's very uncomfortable. Also we have the aim thing and biogenic gas thing and so on and so on, o yea i almost forgot an .18 sp after 5 wells, just a lot of things aren't adding up and it's got people a little edgey and that includes me as well!
The sp would probably still be in the 30s had they not done the private placement, sorry but this really sucks!
Exceo, yes we should be extremely grateful for the wisdom he has bestowed upon us! That's why i asked the question of how long he's been here, which i'm betting not very long.
TOB, how long have you been invested here, or should i say trading here! just curious
Krom, i thought strand hanson said erhc is not a nomad client and erhc is clearly saying the research portion is ongoing and in the hands of the nomad. If true, isn't that a bit of a discrepancy and maybe we hired them just for a value report and not as a nomad.
That's what i was thinking as well, they didn't use the term that are working with erhe but worked with erhe as in past tense.
I would assume that if their is no aim listing then their will be no competant person report released for us to see, hence no new numbers from the drilling program in that report to view as well.
So king, they are on the first list in august and the current one they're not. that is very interesting and disturbing all at once! Keeney ought to be nailed on this to see what kind of a lame response he'll give. Good find, i think!
Seek, they have expenses to manage and if all this is just a ruse its costing money! wether offer is calling the shots or not they have shareholder expectations to manage as well, If they say they have a plan to do such an such and they don't do it, it makes them look like liars or incapable of accomplishment which creates distrust which is exactly whats happening right now and is never beneficial to a shareprice, the only thing it seems they are capable of and set on doing is dilution through this shelf crap. I do agree that the only thing that will bring true value is the drilling and discovery of oil but it may be a long way off yet. No gaurantee of a buyout either. So wether it's offer or pn running this thing they do have a responsibility to it's shareholders and their failing miserably.
Mid, you still with us or was that you selling yesterday, you've been quiet since the pr, let it fly if your still here, they definitely deserve it!
So, how many are starting to get the feeling their is something more sinister going on here besides the stall tactics for buyout theory. Management has not delivered or spoken positively about much of anything in over a year and seems as though it's a deliberate attempt, and for what reason would that benefit anyone, maybe i'm being paranoid but i haven't felt this insecure about this investment and getting screwed over somehow in the many years that i've been in this thing. hope i'm wrong and could sure use one of bb's posts of logical thoughts. BB, if your reading any of this hope all is well and let us know how your doing.
Management certainly is succeeding at dragging the shareprice down. Someone or a few are saying screw this, i've had enough. This is quite depressing to say the least. Not knowing wether we can trust these guys has really become quite sad and you would think if these guys are ethical at all they would care just a little about how bad this has become for some of their long time investors.
I understand, but what the heck is the plan 1) lie to shareholders and pretend we're going to be something bigger until we're bought out or 2) actually make some sort of progress towards growing by actually doing something other than talking. They've had a long time to think about this whole picture and how it might play out and they've really done nothing towards growing. Like krom said i wish they would just come clean It's really getting hard to continue to trust these guys.
Amj, how long can they continue to lie to us if in fact that's what their doing. all arrows may point to buyout but we don't know that for sure, even if their is one it may be a long way off yet, so what they keep lying and spending money to facilitate the lies just to keep everyone guessing! it just smells bad
Amj, so you think they are just completely lying about the aim and it will never happen period?
Same pathetic crap! unbelievable, god i wish i never met you erhe. Nothing but more excuses for not accomplishing a darn thing. Either flat out lying or complete incompetence, what a great two choices!
Yes, we are due for an update but i bet they put it off for as long as they can because they got nothing new to tell us! same ol crap, we're making progress on this, we're looking into that, we're thinking of this routine! no meat, and we need some freakin meat.
Krom, that chinese guy hangin a sinopec sign on the erhc office wall! We must be sold. lol
Then it's just plain pis poor management
Seek, okay let me rephrase. what reasons do you have to think offers plan to sell out will happen by years end! I'm using year end based on the friendly wager you made with MZ supposedly. thanks
Seek, what are your reasons for thinking this plan they've had since 01 will come together by year end! just curious for what it's worth. thanks
So seek, in your opinion when does this plan finally come together and the shareholders get their rewards for this painful journey!
Actually he's saying it's out of their control because the nomad is still doing dd and it's taking longer because it's more complicated than most companys, We have assets, major african shareholders, investigations etc. So wether this truely is the case this is what their going with! I said they've had 10 months to do this and he said they didn't start the dd till the summer, still seems like a long enough time but who really knows!
Krom, didn't mean to imply it was fact that timeline has changed officially without them letting us all know! But according to what he said to me i got the feeling he was setting the ground work for the realistic possibility that it may not happen! My opinion only, but i feel it will be another timeline missed and it is disappointing! I did ask about an update to us all and he said when there is more clarity they will update.
In an email exchange i had today, He did not come out and say that exactly, but the tone of what was said leads me to believe it's doubtful. He did say the nomad is still doing dd and the window for the timeframe is closing, it is taking longer than they thought and urged shareholders to review the cautionary statement where it says guidance can change. It's not impossible that they still make it, but like i said based on the tone i got and the history of failed timelines, it's my conclusion that it won't happen.
For all the pro management people out there, how will everyone feel if they fail to achieve the aim listing by the end of the year, according to dan it is starting to look very doubful it is going to happen by year end, sounds like more excuses to me but that's my take on the situation, just curious about how others will feel if they fail to achieve yet another goal they've set for this company. Is it just more stall tactics for something bigger or just plain bad management and failure to achieve.
Seek, did that board meeting you spoke of take place?
Ex, well said and captures the sentiment of many here! not bashers just people who are tired and want to see some sort of return after so many years. I do believe this is a complicated situation, and their hands may be tied to some degree, but their are things they could and should have done that could help with the pathetic share price!
Wonder if we'll be getting an update, it's been 2 months since the last one and they've been running about every couple of months, and where the heck is that report peter! You said coming weeks not months, come on and cough it up!
These are just companies that submitted bids, nothing has been awarded to anyone yet. Not very encouraging though!