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Why would I be desperate? I don't have 5 million shares that have been going nowhere...for years? Money would have made more in a savings account.
Badog
I hope those shares are not still there....waiting....80 years from now...with no change in sp.
Badog
Damn those Canadian brokers....they will even way over sell shorts. Now at 7 billion. Wait till they call these in. It will blow up the world markets.
LOL
BAdog
If it was that easy we would all be rich. I think there would be more to what Buffet said/meant.
LOL
Badog
If ERHC is undervalued then where are all the buyers at higher levels?
Badog
Have you checked the sp and ave volume?
Badog
I dismissed that one already
Badog
It was ERHC management....the same management that some claim have used great wisdom over the years...that accepted $700,000....not me.
Badog
OK..you got me..I am short 3.5 billion shares.
LOL
Badog
No worry....no one wants shares.
Badog
Who paid for the litigation? With no financials how would you know it was not ERHC?
Badog
Long term holders have been thinking they would become insanely wealthy for how long now. 15 years or more? I remember all the senerios that would make that happen. All the new assets when the old ones turned to toast.
Now short sellers. LOL
It just goes on and on. And the sp is at .0005
Badog
ERHC is only undervalued if Total wins out and pays much more than the amount management was willing to accept from KOSMOS. Total knows how much management was willing to take...why would they offer a lot more? What are the terms of the Total deal? Does anyone know? Is it even still on the table? How many more years will this sit waiting to be resolved? I don't see any hurry.
I still don't understand ERHC's willingness to take $700,000. The choice would have been to say NO. I mean....divide that $700,000 by the number of shares and see what you get. So the JDZ was already toast. Now the EEZ would be toast. Amazing how this all turned out so bad for investors. I mean $.0005/share.
I understand they (management) were probably aware that there were no more ways left to dilute shareholders. No more ways to entice new investors. No ways left to borrow any money. I guess they felt it was their last choice. And had they gotten the $700,000 I'm guessing there would have given some big bonus's to certain individuals and used other ways to keep from paying any to common share holders. Fact is that if it were distributed to shareholders it would have been like a grain of sand on a beach.
So I don't know how anyone can trust management to be in the shareholders corner now. Maybe that's why the massive short sellers narrative is being waved around. I wouldn't count on it...at all. Whatever happens I would be very concerned as a shareholder. I suppose most have written this off in their minds so anything positive that happens is a plus.
Badog
No worry....no short sellers. No need to cover.
Badog
Is that the financial package Total countered with?
Badog
Nice link....LOL
Badog
That says a lot about management. Wouldn't Total see that $700,000 deal as a sign that ERHC is willing bail for cheap? Sounds desperate on ERHC's part. Total knows that ERHC was saying 'we will take almost anything for Block 4' IMHO. ERHC management must not think block 4 is worth much IMHO.
Badog
Why did management make a $700,000 deal with Kosmos?
Badog
Management has a history of saying nothing when something goes bad. We had to learn from Danagas that the JDZ was toast. Now it could be that the deal with Total went the same way.
Badog
It's well known there are no large short sellers.
Badog
Can you tell me when...if ever...drilling will happen in EEZ Block 4. This decade? Next decade? 50 years from now?
My post was not a statement of when it will happen so how can it be Bullshit? I just asked which decade. Do you know? Bullshit is not an answer.
Badog
Are you predicting which decade that could happen?
Badog
It already sunk in. Thats why the sp is almost zero.
Badog
Sorry but you confuse bull shit opinions with facts.
Badog
I believe you are still thinking that Block 4 JDZ is yet to be drilled. I believe some thought that block was going to have more oil than Saudi Arabia. LOL
Badog
How soon is the announcement? Do you know? Maybe you could elaborate more than just 'soon'.
Badog
The desperate narrative seems to be the one claiming a huge number of illusive shorts...and a deal that never concludes...and may not be a deal at all.
Badog
Regarding what? The litigation?
When will they conclude it?
Badog
Purely a bullshit opinion.
Badog
Check the sp....DUDE!!
Badog
After buying shares until todays sub-penny price some investors have no other options than to hope and pray for shorters and some deal....some day.
Badgo
That was the best BBBUUUULLLLLSHIT ever.
Very creative
Badog
That was not my narrative. Maybe yours?
Badgo
Again....you did not understand my post.
Badog
I thought that you all agreed that the reason there hasn't been an announcement is that the possibility still exists that Kosmos could win the litigation?
Remember....that is what is holding down the sp? Right???
That's why I say there is no deal until there is an announcement.
Badog
I have no problem agreeing with you that if Total announced a sweet deal / agreement with ERHC that the sp would increase. Of course it would.
But I haven't seen that announcement.
Badog
I doubt the general market would rely on a value placed on something in litigation...unless it was arrived at by an objective 3rd party. Often times those values are skewed by the parties for affect.
Badog
As far as I am concerned there is no deal with Total unless/until it is announced.
That is why they won't announce it.
If it's a done deal.....announce it.
Badog