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Do you see any exuberance? All this talk about the EEZ and the JDZ and the shorts. Where is the exuberance? Have you checked the sp?
Badog
I have a degree in psychology but I don't really care if you are delusional or not. You are entitled to think whatever you want...even if you can't back it up. I remember once when you called me out for using the word 'I' to many times in my post. LOL. I thought that was odd but it didn't really matter. I'm confident in what I believe.
Again, I will wait for my big payday but I am not holding my breath. If ERHC gets some kind of deal I figure I'll be lucky to get .01 or .02 / share. I mean there are a lot of shares outstanding. Every penny is $25 million dollars that ERHC has to show as profit or anticipated profit....not based on zillions of barrels of oil like people thought with the JDZ blocks. And it can't be pie in the sky accounting. Hell...most
of any revenues could be disposed of by management for things that don't benefit shareholders. They do what they want and disregard your desires.
If there were ever a payday I will not wait for your OK to cash in...as I would guess that others will not either. But IMHO It's still highly doubtful that there will be any cashing in. ERHC does not seem in a good position. They could end up with nothing. And still no one can show any proof of any shorts. That's what seems delusional to me. Short squeeze???? Not if there are no shorts.
Badog
How many shorts are there? Not your assumption....show me actual facts that back you up?
Badog
Just out of curiosity....did anyone ever know Oilphant...or whether he is still around?
His posts kept a lot of people guessing
Badog
I read what you wrote but I discounted that anyone could convince ERHC to do anything.
What have you convinced ERHC to do in all the years you have been here?
Did someone convince ERHC to dilute this into a nothing sp?
Did someone convince ERHC to balloon this to 2.5 billion shares?
Did someone convince ERHC into the reverse split?
Did someone convince ERHC to quit having communications with investors? Or to quit publishing financials?
Does anyone even answer the phone at ERHC?
Badog
Krom...
Again....I own shares so I hope there is a short squeeze....but I doubt there are many shorts...if any... so I don't know how that will happen.
It appears that you believe your short squeeze story and have a lot of shares that will be for sale so trying to get others to wait while you are dumping is probably a good strategy.
If you can prove there are any shorts then maybe your theories would have merit.
Badog
I'm still waiting for my $8/share on 60,000 shares. It has been posted that this will happen soon....but no one can define 'soon'. So I guess I'll just keep waiting.
Problem is that there are also those that claim that climate change will end all life on earth 'soon'. I can't keep track of that either. Hopefully I will get rich with ERHC stock before it happens.
I think they predict climate change out further so that no one will remember that they were wrong. And I can't understand why those that promote the idea of climate change devastation still fly around in their private jets. Wouldn't that make the end come sooner? All because of these fossil fuels that we hope will make us rich. Oh well.
Too much to worry about. So does anyone know when 'soon' is? Trying to figure out if I will get rich first....or die first???
Badog
Anyone remember Oilphant? His posts were cryptic and fun even though they were BS. Wonder what ever happened to him?
Same with Meridian? He/she seemed to have some ties to the oil business but never revealed those ties and gave the impression of knowing some things going on behind the scenes. Again....could have been BS but still he/she seemed to know enough to make posts interesting.
Many came and exited over the years. Many lost a lot of money listening to the wrong people while watching this sp go south
And now here we are at .0001/share with most who are left hoping for a short squeeze without a shread of proof of any shorts. Better just hope for positive news some day that will take the sp to .01....05. Even that is a lot to ask based on the outstanding shares.
But still, I'll be more than willing to take $8 for my 60,000 shares if that crazy senario were to ever take place. Not holding my breath. LOL
Badog
OK. I had many posts back and forth with him. I guess I just never referred to him as MTO.
Badog
Don't ever remember MTO? If there was a MTO who posted 10,000 times over 10 years I believe I would remember seeing their posts. Maybe you could prove me wrong?????
Badog
It may have been his father that passed.
Badog
This is what I was referring to:
markgovols Wednesday, 03/03/10 10:01:49 AM
Re: badog post# 202551 0
Post # of 347877
It's NOT insider info. ANYONE can obtain it. It's called research and hard work. I made contacts at the JDA. I've made contacts at Platts, Dow Jones News, Wallstreet Journal, RigZone, Upstream, Large ERHE Shareholders, STP Oil Minister, and AUNT Jemima. Inside information would be if I was calling Peter Ntephe and getting info. Anyone can call the JDA. It's a govt agency basically. I cannot help it that the number on the website is not working. I guarantee I could find a new one on my own. Do some research. Put forth some effort. I am not going to post my contact's cell phone number. You want me to wipe your azz too? Some of you people amaze me. Some of you spend so much time whining and criticizing those who post info because you want more info. You want to know the exact month, day, time, second, what color and letterhead will be on the PR and if the person writing the PR has more than one tie. Gimme a break. You could use all this wasted time emailing and calling contacts (Media, JDA, etc...). It's not hard. I'm not that smart but I have some drive to succeed and that's really all that's needed. Get together with Puffthemagicwhiner and get us an ****UPDATE*****! In the meantime pass the syrup.
badog Wednesday, 03/03/10 12:01:13 PM
Re: markgovols post# 202571 0
Post # of 347877
Mark,
Pretty scathing post. Problem is...I never asked you for a phone number to the JDA. Get your responses straight!
Second...don't understand your Aunt Jemima reference. Makes no sense.
Third... I wasn't going to go here but you called me out...
Posted by: markgovols Date: Tuesday, February 23, 2010
Here ya go:
From Source (A) who's company was a contractor on the rig. They had assisted in the analysis of the data and he said that from what he saw the amount of oil and condensate was very encouraging. He was unable to discuss volumetrics but would be "gobsmacked if block 4 didn't produce large amounts of liquids for many years".
Now from not so Secret Source...Badog...............
Well Well Well. Call me gobsmacked. I have one little issue with above secret 'Souce A' and his description of the data analysis...Is your 'Source A' verifiable? And one more very important point... Before a contractor is allowed on site...and probably in thier yearly, monthly, weekly training I would have to guess that they are instructed to never...I mean never...give out information regarding a customers drilling information. I mean never. If I were Sinopec I would not let anyone have access to data without a non-disclosure agreement. I would guess that this is equal to insider information and I would guess you get jail time for this...and risk never drilling for a customer again...and ruin many reputations. This is probably one of the most serious offenses a contractor can make. The price they charge to drill these wells is ungodly. What if one employee ruins your multi-billion business by giving out this info? I would guess that the Secret Source probably could go to jail. The Company is broke. All for nothing. I mean what did the Secret Souce gain? Nada. And to give this info just because you got his number (if any of this source info is true to begin with) and called ...and asked. And for nothing? Would you risk your career...not seeing your family, the humiliation, being broke, and maybe being a Convict? Even giving info like this to a family member would be extremely risky? To give it to someone you don't know personally?...Kiss your life goodbuy.
If you can get people on this board to believe this...more power to you. But I'm not part of the group.
I've got more it you what it. Again...don't come after me if you don't want a response!
Continue on with your spring cleaning.
Badog
From <https://investorshub.advfn.com/boards/read_msg.aspx?message_id=47332016>
There were many who cheered for this unverifiable and probably non-existant Source A. They wanted to hear this crap in hopes it would help the sp. I was the goat for calling him and his so-called info out.
There are those today that want to believe in ghost shorters in hopes that it's true...that scenario would help the sp. Problem is that they cannot come up with anything solid. Just short squeeze theories. If ERHC would ever get positive news about it's interest in the EEZ the sp will go up....some. That's the best possible outcome that I could envision here.
Badog
Hey...I'm all for your short squeeze to $8. $480,000 on 60,000 shares for me. Only one problem....We will never see $8. I'd be surprised if we ever saw a dime. Still $6,000 from a $6 or $12 gamble would be fine. But ERHC has so many outstanding shares that it would take a very large amount of oil to move the needle since I don't buy into the short squeeze theory.
I understand that if you have 400 million shares and the sp ever reached a nickle you would be very well off. Hope it works out for you.
Badog
I'm not contemplating posting insider info on a message board. Even in 2010 I knew better.
And even then I knew that posting it didn't make it tradable.
And back in 2010 I was the only one that questioned Marc's phone call to a mystery Sinopec data room guy who said that he would gobsmacked if there were not large amounts of oil in ERHC's JDZ blocks while you and many others applauded his supposed inside info. We know how that turned out.
Now you say you know there are shorts yet you admit that the only way you know that is that ssc and other message board posters are saying that it's not true. That's your proof. Otherwise there is no physical proof.
Where does all this nonsense end. LOL
Badog
Krombacher
03/03/10 9:35 AM
#202555 RE: badog #202551
Hi badog,
the insider info thing was discussed thoroughly here. Insider info, once posted info, becomes de facto public info. Mark can get insider info and so long as he doesn't trade on it, it is ok for him to have.
Then he posts it here, thereby instantly making it public, and hence trade-able after that point.
While I am not a lawyer, another poster, who says he is a securities lawyer, interamericatech concurs with this logic.
That's why it is actually in Mark's best interest to post any non-public info he gets in order to make it public, and therefore ok to trade on.
Krombacher
You stated that posting info on a stock forum was all that was needed to make it public knowledge....and then tradable. So why not go ahead and ask for insider info and then post it here after which it is tradable....according to you.
Badog
Well Krom....
Now that you have laid out such a detailed account as to what will happen that will cause the sp to go ballistic, lets see if the 'wizards of smart' investors will come swooping in and grab thousands of shares...or millions in order to reap the coming rewards. If your senerio holds any water there will be very substantial offers for our shares....right? Maybe this week? What smart investors would pass up this opportunity...right? They should all want to get in early....it's only been what?....5 years now? Hell, they could show up yet today.
Yet it's weird. I can't even get one of your followers to buy my 60,000 shares from me for above current price. They believe your scenarios...don't they?
Even though I have offered shares at $1 with no takers I guess I'll just have to wait for the onslaught of smart investors. It should come shortly if they see your posts. I can't wait to sell my shares for $8.... I am very excited.
LOL
Badog
Good post ssc.
Badog
Agree Manti. Good post
Badog
What happens if there is no short squeeze because there are no shorts? What if ERHC gets $1,000,000 for block 4...take it or leave it? .00033 sp? Or $10,000,000. .0033/share. How far underwater are you guys who overpaid for shares? Does your average cost / share leave you any profit? The shares I sold after the Danagas report were for approx. .42-.45/share. I probably broke about even as I probably bought some back then in the .20 area and the .30 area that and then I may have bought some in the .50 and .60 area if I recall correctly. I was hoping for success in the JDZ and cashing in at $20 or $30 or $100 / share. I thought sure Sinopec would find oil. It's been a long time since then. Didn't buy any more until the 60,000 for maybe $6 or $12 total...who knows...maybe I paid a little more? I figured that this has gotten to be a joke but what the hell...so I saved up for 2-3 years to make this investment. Waiting for my $480,000. Unless someone wants to pay me $60,000 now. Can't believe I would give up my chance for the big bucks.
Badog
When you agree to buy my shares at $1 (quite a discount from the $8 short squeeze)....then I may begin to believe your conviction....and kroms.
But no...you want them for current listed sp. Go buy 60,000 shares from a broker. Oh wait....you can't. So again...I will sell you mine at a bargain compared to what you claim they will be worth. I'll be waiting.
Otherwise I will sit on my $6 60,000 shares waiting for my $480,000.
Who dreams this stuff up?
LOL
Badog
"Nothing shorts can do and attacking my character only makes the point that shorts exist."
That's your proof? LOL
Badog
krom...
you say "all longs now know that shorts exist"
Yet in an earlier post you admitted that you really don't know they exist and that your only proof is that posters constantly refute your posts/claims. If that is your best proof....that is laughable.
Badog
lovemelongtime, how many more years will it be? 10...20...30...50? I mean you can't give up now. This has been going on for how many years now??? 5? Or do we include the JDZ when only a few of us understood what the Danagas report meant? I was also a hopeful investor in ERHC....until then. At that point I knew the jig was up. I'm afraid the jig is still up. Or....we may not even know in this lifetime.
Badog
Typical response.
LOL
Badog
Krom....
Never shorted even one share of ERHC although you claim I have. As if you could know my holdings. LOL
And if my selling 60,000 shares would start a short squeeze which would hurt me if I was holding a short position....why would I offer to sell?
You don't think these things out. And I would definately sell 60,000 shares for $1. Maybe $.50.
I assume you are very very very far under water if you have accumulated hundreds of millions of shares. You were probably holding a big loss when you decided the only way was the to keep accumulating at cheaper prices and now you are praying that something positive happens to bail out your position. I can understand your looking for any clue that might give hope for a positive development in block 4 EEZ. And I can understand that you don't want any shareholders to give up and sell at these prices or less. I would hate to see the further loss on your screen each time the sp goes down....even another .00005. So I can understand throwing out the short squeeze scenario.
In the end...if something positive happens you win. I win. And others win. How much...who knows. If not I lose $6...I don't know....maybe I paid $12. God only knows how much you and others would lose. No one knows how this will turn out...but I just don't see any 'wizards of smart' investors interested in this at any price. That usually tells me what I need to know.
Badog
No No No.....you are the one saying they are worth so much more....I'm saying probably not.
So all you think 60,000 shares are worth is $6? How about that short squeeze coming? $8/share?
I mean $60,000 would get you $480,000....right? Who wouldn't take that deal....if they thought it was real?
Anyway....I figured I knew your response. If ERHC is trading somewhere why not go buy at current sp?
You know why not.
LOL
Badog
Hey lovemelongtime.....I'm sure you saw my post about selling my shares at a large discount to your leaders projections.
60,000 shares for $1 ea. Hell I might even go .50 each. That's a bargain according to Krom and you and others.
You guys say that no one will part with their valuable shares.....I will. How about it?
Badog
No No No....that doesn't wash. There are wizards of smart investors that can and would find a way to buy shares any time they smell a fortune to be made. You couldn't keep them out. Again...they would pay you $1 now if they were confident they would get $8 later. Where are they? They would form a line at Scotia. They aren't paying attention for a reason. They don't buy into any old scenario posted on a stock forum. They would be fighting for shares if a fortune was to be made....I guarantee you that. But they are not even bidding .10/share. Not even .05/share. Not even .01/share. The wizards of smart investors won't touch this at any price. Is there a clue there?
Oh....and by the way....no one has offered to buy my 60,000 shares yet.
Badog
Sinopec thought they had a path to vast oil....that's why they spent so much money drilling 3 ERHC JDZ blocks. Whether it's Shell or Total or whoever....where is the excitement with investors? I don't see investors flocking to get a piece of your sure thing here, There are always those who know more than the market and jump on a deal where $5,000 would get you enough shares to get very rich if your $8 dream were a reality. Common Sense alone should tell you that there must be a flaw in your theory.
That said....I would love to sell my 60,000 shares for $8. But I doubt I'll ever see that senerio play out. You have to be wondering why there is no excitement from very estute investors. It's a slam dunk....right? Hell....if they thought it could bring $8/share they would gladly give you $1/share now....right? And someone who has been underwater for years now would no doubt take it. But the sp still sits with how many zeros in front of the 1??? Fact is...if anyone wants to give me $1/share for mine you can have them. Longs will sell. I'm a long and I will sell. Any takers? How strong do you all believe?
Badog
I'm holding my 60,000 shares. Waiting for that $8/share payday. Hope I can make it till my 200th Birthday
Of course with inflation my $480,000 may not buy popcorn at the movies.
LOL
Badog
Unless this is just pure entertainment there is no good reason to try and convince each other of your views. There is currently no way to win any argument here and there is currently no way to affect the sp. Lack of oil finds by Sinopec and lack of any information from Management has determined the sp and it won't change unless there is a material change one way or the other. I'm not sure if some think that their posts will affect the outcome...they won't. And no argument can be won or lost without more info/proof.
So here we are. Verbal volleyball. Doesn't change anything. This is just a waiting game that cannot be altered on this board.
Carry on I guess. Posting here is cheaper than a movie these days. I paid $100 for 3 to go to the movies. $43 was tickets....$62 was popcorn, candy and sodas. So again....carry on....what fun.
LOL
Badog
RKT....
I joined Ihub about the same time you did. I have heard every sort of wild theory and secret sources and wishful thinking about ERHC. I sold my original shares at around .45 or so after the Danagas report indicated no hydrocarbons from the Sinopec drillings. There were those that still tried to convince me that Danagas lied. I hold appox 60,000 shares at this time. I bought them quite some time ago at a sub penny price. This investment will not move my asset situation one way or the other but if something positive does develop I'll take any gain....I doubt it would be much. But I can't just put this in the rear view because I have so much history with this. A lot of posters here have come after me for years because I won't play the current game to try to move the sp. I just don't care. Attempts to move the sp for fictitious reasons has always irritated me. And the negative responses I receive tend to make me throw out even more what I believe to be more the reality here.
So many have tried to push false narratives for their personal gains. It has never seemed to work. I'm sure you remember the Oilphants, the Mark Gobles, the Meridians, etc. It may have been fun to listen to them conjure up new stories but as you have seen....none of it was reality. I think most have always seen thru the BS even as they cheered and wanted it to help the sp. So yea....I come back some times to see any new narratives being pushed. And I comment based on what I see as the real situation. Do I have anything to gain....very little IMHO...even if the sp does go up. I mean come on....how many shares are out there now? So why wouldn't I ever participate in the false narratives? I just can't. If I did it would make me look like an idiot that didn't know fiction from reality.
Sinopec is gone....all those other posters are all gone. Maybe still lurking? I don't know. I just cant stop taking a few minutes to come back to a place where I once had high hopes of vast discoveries of oil. Maybe I still enjoy the laughs I had at all those stories that never panned out. I knew BS when I heard it....still do.
Badog
People would have sold long ago if they hadn't been so far underwater. So the strategy became buying tons of next to worthless shares in hopes that something positive would happen for this investment allowing them to retrieve at least their original investment.
Now they play 'the shorts are toast' game even though no one can prove that any shorts exist. They claim that ERHC is trading on some Canadian market but again....no one can give a site or show proof that any shares are trading.
And if anything positive ever happens with ERHC it's possible/likely that those holding will get a better price for their shares then the current price. Would it ever amount to enough to make up for the dead money loss?....who knows. But had shareholders sold before this investment became dead money they may have been able to invest in something like Berkshire and never looked back. Again ....for now its 'the shorts are toast game'. This game may go on beyond the lifespan of most here.
Badog
Click your heels 3 times and repeat... 'I'm sure there are shorts'...'I'm sure there are shorts'....'At least I hope there are shorts'...'I mean, someone said there were shorts'. They wouldn't say it if it weren't true....would they???
LOL
Badog
nwtf....
While I agree that no one would short a sub penny stock... I would say that current shareholders can go ahead and hope for something positive going forward in the EEZ. Surely that's what SEO is holding out for. Will it ever happen? No way to tell. If someone wanted do make a deal with ERHC it would seem that they would have already done it. Current shareholders could be dead and gone by the time anything ever happens here. If anyone owns millions and millions and millions of shares I would guess it may have cost them around $500,000.00-$1,500,000 or so to get them if they started buying at around .03/share. So yea....they are hopeful that something develops in the EEZ sometime soon. No way for anyone to be able to attach a time frame....if ever. All the talk about shorts and short covering is a giant waste of time. But obviously there are those that think the short conversation is important to their cause...whatever that may be.. Seems to me it would be easier to just let the chips fall where they may. Nothing will change from all this bantering.
Badog
Like I said....I would spend $200 for 2,000,000 shares just for the hell of it. If anything favorable ever materialized in the EEZ I could maybe net $2,000 or more...who knows. I can virtually guarantee you I would never get $8/share ($16,000,000). LOL Still $200 would not hurt me if I never saw it again.
Badog
iwondertoo....
What investor would go short at...lets say .20/.30/.50/share(or whatever) and wait for bankruptcy to cover? Why take that chance. I bailed at .45/share and had no intention to short. If I had shorted I wouldn't have waited for a bankruptcy that I couldn't guarantee would happen.
Wouldn't it make more sense to cover at .10 and take your money and run. It could take forever to collect your final dime/share. No one I know would consider that a reasonable thing to do. Shorters I've known are usually pretty smart and pretty fleet of foot. They bail after a nice gain and don't let their money get tied up in a long term unknown.
Because of that I believe that the massive short stories thrown around are a figment of someone's imagination meant to encourage someone else to buy this crap from them and maybe they can salvage something from this mess. They act like they are holding their shares tight when in reality, there are no buyers. Maybe I would spend $200 to buy whatever shares it would buy just for the hell of it. It was a story stock that I bought into long before Sinopec came in to drill in those 3 blocks. I had a soft spot for what EO had accomplished. No new investors would touch this.
Badog