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Petah got hood-winked?
Perhaps?
I would love to know Offer's reaction to this $-hit.
Your biggest challenge will be selling them at a reasonable return.
No, you're not a fool........yet. I'd love to catch up to you but I can't at your pace. Unless I can get several million at .0003........
If we were to go sub penny I think it would have have happened IMO.
Don't you find it odd that all of these share activity is happening just before we get Kenya numbers??
We ARE sub-penny on the B & A.
The share activity is no surprise at all. Once we started the toxic crap, sub-penny was inevitable. At .005, someone could get controlling interest in ERHC for $2MM, if my math is correct.
My SWAG would be a little higher than that. Once we go sub-penny & the hedgies can buy for 60% of that, we're in a world of hurt. If we go to, let's say, .002, they can buy millions of shares for .0012. Scary. It's time for new leadership.
Changes to shareholder structure? Wonder what that is?
Reverse Split?
Thanks for stopping by...........I hope you'll monitor us and provide your counsel periodically.
RE: Peter's screed today, looks like SAMO, SAMO to me. Squirrely language trying to assuage shareholders.
What is happening is by design and for the benefit of Offor, and it is temporary, IMO.
Interesting idea. If you don't mind, Troy, can you please explain this? Do you think Offer is buying the shares?
Thanks..............
If I were on the BOD, I'd suggest he resign.
Not me, Yank, unless there's news. I believe there's another round of converts due in January. Who would buy at .05, when they might be able to buy sub-penny in January?
When we hit .016 tomorrow, the ruthless hedgies can buy sub-penny. Gonna be printin' a lotta shares then........
....and you're under water already.
Thanks for taking the time to 'think out loud.' Your analysis seems reasonable, though disheartening. We so desperately need good news.
However, the holders may delay selling the stock if, for instance, ERHC announces a drill date & volumetrics and they want to take advantage of the increase in SP, correct?
.....and the more the SP drops, the more shares the bond holders can purchase & dump, i.e., a death spiral.
Wait till you see the dilution when this goes sub-penny.............
What are 'goniff' prices?
The market makers may have their own agenda............
Do you have a SP target to buy, or won't you buy until/unless the current management team is replaced?
Looks like one of our convert bondholders is cashing in..........toxic financing at its worst. PUKE
Nice to see you back, Yank. It's gonna be bumpy as the converts control the SP. Any chance your son will move from the sidelines?
It looks to me like the convert bond holders are pretty much in control of the SP right now...........
Acknowledgement on the PR...............waiting for the price movement. GO JUAN!!
I believe that was The Won.
Hey Juan, was' up with that prediction?
Mmmm...up 31% at the open, down 11% a minute later. Welcome to the BB world of the occult.
Your first post was spot on. It will be interesting to check your prognostic skills on this one. Tip-o'-the hat if your right.
Really appreciate your expertise & communication skills on this, TOB. We need you here.
Who's he, King? (i.e., in relation to ERHC)
.0998
That'll be my job.
OK (smile).
Yea....but, as TOB notes, there was a paint war at the end. I tried to slap the ask @ .11 with a small buy. I got the buy but the big boys crushed it quickly. It's early yet. I'll be back for more tomorrow.
Wow....another 100k @ .11. This is sweet.
Anyone notice that the volume shown on IH is about 50k more than Etrade, Yahoo, etc?
Nice DD, Doc. I guess I have to raise my bid from .058.
I would like to see a preliminary release, if the 2D's are good. That will lift share price to a more reasonable level and prompt sideliners to make an initial move.
Will they do an early release? As Balance would say 'dunno'.
When you're in a hole, stop digging.........lol.
You're correct. We could slap the ask, create volume and watch it go. However, it'll retreat as soon as the artificial driver is removed. When we get good, verifiable news, she'll blow with conviction. Meantime, I'm going to try to catch Auman.