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The $1 valuation is based on xrimlinger.com.
Period.
It looks at Oranto's block in the EEZ and the valuation of that block and the value of Oranto's JDZ block at 100% compared to five JDZ blocks for ERHC at 20%.
The valuation is fair at $1.
10 cents would NOT "thrill" me at all.
I know what this is worth.
Shorts will NEVER EVER EVER COVER AT TEN CENTS.
Not happening.
Krombacher
There aren't that many months left for all of this to finally transpire...
And it will.
It's an easy wait compared to the years that have gone by.
Eventually, the share price MUST rise to the share value, which I come to be $1 and throw in the sorry squeeze and it can go to $8 and beyond.
It's an immutable law of finance. When? I don't know exactly but before end of September. But will it happen? Yes! Yes! Yes!
Because the short seller strategy is simply unsustainable and we have serious activity in the EEZ.
Krombacher
I think by far the biggest lesson that shorts sellers of ERHC will learn is the difference between "share value" vs. "share price".
It's going to be a very expensive lesson with costly tuition for sure.
Krombacher
You might recall that I used the information from xrimlinger.com to determine the valuation of both ERHC's EEZ block and JDZ blocks. Using this information, I came up with a "fair valuation" for ERHC of $1 a share. This $1 valuation, of course, does not include the "short squeeze effect" which will take the share price to $8 or more.
But with Shell's developments in the EEZ we see that xrimlinger.com has completely REMOVED Oranto's EEZ block from contention for Oranto to obtain an operator.
Only Oranto's JDZ block remains on the website. See for yourself:
https://xrimlinger.com/
This tells me that Oranto must have found its operator partner.
Gee, I wonder who that operator could be? Is it Total or Shell and I wonder what they paid to pick up the very block that is adjacent to ERHC's block.
Will there be an announcement for Oranto's EEZ block soon? And by extension, will there also be an announcement for ERHC?
Time will soon tell.
Krombacher
I feel kinda sorry for the "noob" short sellers who got all caught up in the chief short seller's rhetoric and ridiculous narrative. I did my very best to warn them with Day One warnings.
These "noob" short sellers, who didn't short nearly as many shares as the chief short seller, still stand to lose every penny they've ever earned in their lives even with a small short position as this stock soars into the dollars when the time comes.
They laugh. They scoff. They ridicule. They even have the irony of calling the sophisticated expert market longs "noobs" ... lol.
But they have no idea the trouble they're in.
It's really sad that the chief short seller ensnared them like this.
It's going to be a rough 2024, for them.
With my billions I'll earn with ERHC, I'm actually considering opening a non profit "Charity to Assist Impoverished ERHC Shorts who are not the chief short seller" ... but the name of that nonprofit is kinda long. Right?
And if they can't even admit that they're Shorts then how can I identify them to assist them? The first step to solving a problem is admitting you have a shorting problem, I'm afraid. Da Nile ain't just a river in Egypt. They need to get out of their denial.
Krombacher
The shorts are in so much trouble, with the upcoming investments flowing into this stock by the queen and now others, that it might happen sooner, but ideally it's good to time the announcement on Block 4 with the purchases of this investment.
Without insider information, which we do not have, there's a bit of uncertainty on the timing of it.
But don't worry, the shorts' financial days are numbered, there's no question in my mind on that.
They're getting milked almost daily.
Krombacher
The situation for ERHC Energy right now is pretty amazing.
Huge interest in the EEZ
Major players in the EEZ translates to massive interest in Block 4
And even with Sao Tome playing tax games ahead of a block they could've easily gotten back without such games in September 2024 by doing nothing if no one were truly interested tells you how great block 4 really is.
And ERHC wouldn't put out an 8k fighting these tax games if it didn't have the backing it needed to fight back.
We're in Golden times... and share price means nothing... except the price is very undervalued because short sellers have to sell to keep it below their margin call price, an unsustainable strategy.
Less than EIGHT MONTHS left to place a bet on an amazing opportunity brought forth by short sellers.
Krombacher
Stick a fork in it, he's Done... the 6th "D"
Lol lol lol lol.
Krombacher
Now, not only do we need someone to count the number of words, but we need someone to count the number of times colors were used.
And yet none of that helps the ERHC shorters one iota. Nothing seems to work for shorts. Not pictures of people getting slapped or 5 D's or any number of propaganda games or gimmicks. Not even techno colors do anything.
Not EVEN a share price of $
.000001
Lol
Krombacher
The 5 D's are just the chief shorter's latest campaign strategy in implementing his propaganda
I rarely compliment him, but I will say that he is a very good prograndist.
Unfortunately for him, his progranda stopped working once 99% of all longs finally realized that he's a shorter and that short sellers exist.
Now, spotting a short seller in ERHC is like shooting fish in a barrel. It's so beyond obvious that he can say anything he wants, and it simply doesn't work on anyone.
The latest person to come to this realization seems to be vegasandre ... I doubt there are too many more out there still in the dark about this.
It's almost over for the shorts.
So long as no one sells, all the shares available to short will eventually be bought up and the squeeze will happen.
Krombacher
I suppose it's fair for short sellers to engage in wishful thinking as their demise approaches.
Not a lot of shares available to short.... shorts are just hanging by thread
The short strategy is simply UNSUSTAINABLE.
Krombacher
Others have already posted the game changer links.
Krombacher
At end of day there was a 10,000 share trade filled at $.004 but once again they cheated and closed it at $.0039.
Call your brokers and let them know or else these shenanigans will not stop!!!
They sell far fewer shares to knock the price down so don't tell me that it was a small trade.
Hold these shorts accountable!!!
When calling your broker ALWAYS mention that you want the matter escalated to the regulators.
That 10,000 order was coded FORMT per ihub. Form T is for execution after hours, but the order was filled during market hours!!!
Krombacher
The "shares available to short" is shrinking at a very fast rate.
When shorts no longer have shares they can sell... the game comes to end.
And we're not far from that so long as longs don't sell for under $8.
Krombacher
If short sellers were truly confident that ERHC would go bankrupt or not do a deal or not have a short squeeze (which could happen even if there were no deal, but there will be, imo)... then they wouldn't have to say anything. They wouldn't have to continually make a market by offering shares at a sharp discount to the intrinsic value of the company (which is $1 a share when comparing to the value of the assets Oranto owns similar to those of ERHC, again not a comparison to Oranto the company but a comparison to the similar assets) to prevent a price over the short sellers margin call price which would result in a short squeeze taking shares to $8.
But they do exactly that. And they bullshit code the trades as "out of sequence"... which will have regulatory repercussions.
But that doesn't stop longs with Canadian accounts to purchase these undervalued shares at quite the bargain knowing that shorts have an UNSUSTAINABLE strategy sure to end in their financial demise no matter how small their short position is.
Krombacher
It happened with Monster beverage back when it was called Hansen's.
It went from double zeros to $60.
And ERHC is about oil not an energy drink.
Krombacher
The "shares available to short" for ERHC are dwindling to near nothing... the unsustainable strategy of short sellers will soon come to an end.
Krombacher
Exactly.
You're definitely on the right path there.
Krombacher
The BIG question that a long investor must always ask themselves is why wouldn't sao tome simply wait until Sept 2024 to get block 4 back, if the block is really what it wants? 9 months is not that far away. Why risk litigation in the London Court of Arbitration? Why extend its hand out now for a signature bonus (ahem retroactive taxes) if supposedly ERHC is broke and isn't partnered with Total?
One can only conclude through deduction that the answers must be:
1) ERHC has money for sao tome to extract
2) ERHC has money to fight a legal battle as indicated through the issuance of an 8k.
3) ERHC won't be relinquishing its block 4 in Sept after all because it has an operator "in the wings"
And with Shell gobbling up more blocks, one must also conclude that Jaca-1 truly is one of the jewels.
And... there's publicly available information to confirm much of these deductions, making 2024 a very exciting time indeed.
Krombacher
Butts handed to us for 5 years? The last five years have been an absolutely blessing.
So many people (over 70) have had this insane opportunity to milk the shorts.
It's going to be amazing and $8 is what will hand the short sellers their butts.
And that's not out of the realm of reality at all.
I'm really going to love this.
Krombacher
I'm happy to see links that back up those beliefs of yours.
But here are some facts to consider:
1) if you read the contract on ERHC's rights, no mention is made of the tax regulation which was passed years later in 2018 and attempts to punish ERHC for not having had to pay a signature bonus.
2) the 1999 contract was governed under the London Court of Arbitration.
3) Both ERHC and Total have had victories in that court whereby Total reaffirmed its contract with ERHC.
4) If Sao Tome attempts to take block 4 from ERHC on the basis of retroactive taxes (tax law very rarely if ever allows for taxes to be retroactive, since tax planning is part and parcel to managing one's taxes) then the case would not be tried in Sao Tomean courts but the jurisdiction falls under the London Court of Arbitration and there Total may be far more victorious and fight it more cheaply than this attempt to allegedly extort a signature bonus from ERHC.
5) But, this tells you that Total is DEFINITELY involved in this matter or else Sao Tome need only have waited until Sept 2024 to get block 4 back if Total wasn't involved. Now, Sao Tome actually risks having the contract be extended by the London Court not to mention a tort filed against it for trying to interfere with the Total deal and run out the clock so to speak.
The 8k is basically telling you that ERHC does not relinquish the block voluntarily. It also tells you that it will use the revenues it made under PPP and likely continues to make to take on the legal battle before it. If it couldn't do so, the 8k wouldn't have been issued.
Krombacher
Most of what you said there is nonsense typical of short seller wishful thinking, in my opinion
Krombacher
The tax issue is new.
Even though it was first signed into law in 2018, enforcement did not begin until 2023 and it came out of nowhere because the sao tomeans (in my opinion) suddenly got greedy.
You should read the tax regulation to see that there's a lot of retroactive nonsense in there.
Krombacher
Kingpindg,
1) They would. Hence this game, but there are various factors involved. Is it really a bribe, extortion, changing the rules mid way? The new tax rule was established years after the contract in 1999 that grants ERHC its 25 year rights. The year is actually in the tax code name, which is 2018 (Tax Enforcement Procedure No. 47/2018). Total is looking at the principles and potential European violations in anti bribery law. So it's not a money issue, it's a principle issue.
2) see above. Creating new taxes out of thin air and making them retroactive is not kosher and it's moving the goal posts.
3) They don't have an issue with Total plus with this nonsense game they're playing they risk upsetting Total and alienating other oil majors. So what they're doing is risky and for what? The purchase price of a few Corvettes?
It's a bit of a game of who blinks first.
Krombacher
Read this carefully.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173394231&txt2find=Reality
There's more too, which I will post in the new year. Game changer stuff.
Krombacher
I agree that the information that's publicly available is a game changer.
I'll post links once we're in the New Year.
Krombacher
Yup.
I agree.
Krombacher
Some very interesting publicly available news will be made available here shortly with official links.
It's exciting on many levels.
Short sellers are in trouble and when the queen enters the scene, I ask no long to sell into her purchases.
Don't sell for under $8.
Merry Christmas everyone!
Krombacher
How can a trade be coded "out of sequence" when there was only two trades the entire day?
Don't you need at least three trades for a trade to be out of sequence.
Please call your brokers and then make sure you say you want it escalated to the regulators.
It's time for shorts to face the music and stop the shenanigans. A short squeeze is coming.
Krombacher
No it's not a new record. It was done once before and these short seller shenanigans need to stop.
They will be reported.
This thing is about to come to an end for short sellers.
Krombacher
The shorts want people to see $.000001 and sell out of exasperation, but they didn't allow the 250,000 share trade to register on the quote.
It's an injustice that must be corrected and shorts held accountable and punished.
That can only be done by calling your broker and asking it to be escalated to regulating authorities.
That trade was a legit trade and 10x the trade of 300 shares before it which took the price down
Krombacher
When calling your broker about what happened on Friday, make sure you tell them you want your complaint escalated to the regulating authorities... then they have to comply and report it.
Call just before markets open on Tuesday
It was nearly 10x the trade that took the price down.
300 shares versus 250,000 shares.
This is not a laughing matter and regulatory scrutiny is required and that will only happen if EVERYONE makes a stink about it.
Call your brokers on Tuesday.
To be "out of sequence", logically, you need at least 3 trades. There were only two trades that day. One in the morning for 300 shares and one in the afternoon for 250,000 shares.
The shorts are DESPERATELY trying to avoid a short squeeze by rigging the system illegally.
Krombacher
You didn't provide a link and took the quote out of context by leaving out sentences.
Here's the full quote:
It was the last trade of the day at 15:57.28 not out of sequence.
What trade came after it in the last 3 minutes of trading?
300 shares early in the day
Then 250,000 shares in the last 3 minutes. The out of sequence excuse is bullshit. Only 2 trades the whole day.
Krombacher
Short sellers are trying to CHEAT the short squeeze and regulators need to know.
Don't let injustice go unpunished!!
Krombacher
250,000 shares were bought near close at $.0037. That was last trade of the day.
So why didn't it close at $.0037?
How can the shorts cheat like that?
Call your brokers and ask them how this is possible. Time to make a stink. Tell them you want to complain to the regulators.
Krombacher
250,000 shares were bought near close at $.0037. That was last year of the day.
So why didn't it close at $.0037?
Proof:
https://ih.advfn.com/stock-market/USOTC/erhc-energy-ce-ERHE/stock-price
It's happened before. No one is going to sell on a 300 share nonsense.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166010269
No. Not at all.
Also I disagree regarding Total.
Krombacher