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Well there are about 100 of them. I thought NYminute nailed it perfectly.
Oh and "say hello to the new CEO". (That is one example. When was that post? Last fall? And still no CEO)
Maybe MC&F wants to squeeze out all of the traders. Who knows? It is probably just their policy to be tight lipped about things.
Thanks.
MCF does not believe in releasing anything that could be construed as forward guidance. So you are probably right. They are the ones running the show and Andrew is probably kept in the dark.
But it is all a moot point until they start converting some clients. Talk is cheap.
And good DD is essential LOL.
Sounds to me like Redwood and SEIH get about $500,000 in stock and $500,000 in cash for every client they convert. Sounds like a great deal to me. Especially for a company with a market cap of only $1.3 million. So it sounds to me that when and if they start converting some new clients that the stock will rise rapidly.
That explains it nicely. Now hopefully they can close a few deals before 2010. Thanks.
" Under terms of its agreement to assist with DALIAN FUSHI's reverse merger into a public U.S. company and financing in U.S. capital markets, Redwood Capital will receive compensation in the form of up-front fees, ongoing fees for strategic planning services, equity in the company and warrant coverage. Moving forward, there will be additional fees for services and equity/warrant participation in follow-on public offerings for DALIAN FUSHI. Redwood Capital expects its compensation to result in significant six-figure revenue through the entire process. " Seems their still connected, I also think you are right.
Here is an example of another company GRSR. They are still on the pinks. Unfortunately it takes time. Now whether this company has actually reapplied I really dont know but it seems as if they did and have not received approval yet.
GiraSolar Reports Revenues of $36,637,654 for the 6 Months Ending June 30, 2006, Now Fully Reporting
Tuesday September 12, 8:00 am ET
DEVENTER, THE NETHERLANDS--(MARKET WIRE)--Sep 12, 2006 -- GiraSolar, Inc. (Other OTC:GRSR.PK - News) (Frankfurt:L2I.F - News) is pleased to announce its quarterly earnings for the period ending June 30, 2006.
ADVERTISEMENT
GiraSolar BV reported revenues of $36,637,654, and a gross profit of $977,632 for the 6 months ended June 30, 2006. For the period the company reported a net loss of ($115,521), or ($0.02) earnings per share.
COO Koen Dirven of GiraSolar BV stated, "With this current quarterly report GiraSolar is now fully reporting under US GAPP and PCAOB rules, and is currently compliant with its filings with the SEC. In the process of bringing GiraSolar into clearer transparency, the company anticipates filing its form 15c2-11 with a qualified broker-dealer to establish a more liquid market place for its common stock, and begin the process to list on the OTC BB exchange. Further information in regards to a 15c2-11 filing should be announced shortly."
So to sum things up. I dont buy into the wild conspiracy theories that SEIH does not or is not trying to get off of the pinks. I think that is nonsense and is just a scare tactic being used by some who have an agenda. Its really simple as I see it. They would like to get off of the pinks but just havent received reinstatement yet.
Just because SEIH has not received approval yet that does not mean that SEIH hasnt applied. It means that the process takes longer than many of us thought. And that makes sense. It makes sense that the OTCBB would take their time in reinstating a company because that is their way of punishing the company for the indiscretion.
I have a feeling it takes longer than most of us realized. At least me anyway. I believe the otcbb takes their sweet time in reinstating companies. So that is the penalty to the company. If the otcbb immediately resinstated companies after they reapplied then companies would jump on and off the otcbb all of the time. There has to be some penalty to the company and I suppose this is it. We have to wait.
Does anyone know how long the approval process generally takes once a pink sheet stock applies for reinstatement to the otcbb?
Better luck with your next investment. GLTY
amj we are on the same page.
P.S. when I said you were feisty I meant it as a compliment. I like the way you defend the comnpany.
GLTY
And EO is not stupid. If anyone here thinks he will sell solely based on a percentage over and above the current stock price then they need to put down the crack pipe. He will sell based on what he feels are the value of the underlying assets. He will not be hoodwinked by big oil.
You sure are feisty. LOL
Yes we do. And two 15%ers. At least according to ERHC. Sao Tome might think differently, or at least wish that weren't the case.
Having said all of that nothing would surprise me at this point. Except a $6 buyout tomorrow. That would definitely surprise me. LOL
Lugs that was a nice post. And very informative. One thing though. Many have "assumed" that shareholders of ERHE include many of the major players in Nigerian politics along with FAB. How would Offor be received in Nigeria if he were to screw the common shareholders many of whom we assumed were high ranking Nigerian officials? He certainly wouldn't be a hero in his own country. We have been told on this board that the only reason EO was able to get such advantageous rights for ERHC was because he was the "front man" for the power players in Nigeria. They wouldnt be too happy with him if he were to try and pull such a stunt and screw the commons.
Just playing devils advocate.
Exceo I feel the same way though. The waiting is definitely getting a little old.
Guys there is just not much for them to say. If they dont put out a release then everyone will crucify them. But if they do release something then they are crucified because they have nothing new to report on and the release comes across as worthless.
They are not the operators of any of the JDZ blocks. So they are not at liberty to discuss rig schedules etc. That is the operators responsibility. As far as the DOJ investigation I am usre their lawyers have advised them not to say anything regarding the investigation.
So we are currently in a quiet period with regards to news flow. There is not much ERHC can do about that.
Nice post Rambus. So the demarcation of the STP EEZ blocks should be concluded by June. Then EEL will get the first two selections of Blocks. The Sao Tomean Govt. gets the third selection and then ERHC gets the 4th and 5th block selections followed by bidding on the rest of the blocks. At least that is the way I think it is supposed to work. Hopefully the govt of Sao Tome will not pull any shenanigans and will allow ERHC to select its blocks without putting up to much of a fuss.
(Yeah right lol)
I wonder what the stalemate for Blocks 5 and 6 are all about? Is Sao Tome still trying to claim that ERHC backed out of the blocks and that they should not be let back in? Enquiring minds want to know.
Art,
I predicted that Offor and company would use the money received from JDZ blocks to get involved in opportunities with more near term potential. And many disagreed. Now what do you think will happen when they get their EEZ blocks? They will work a similiar deal to the deals cut with Addax in the JDZ and get plenty more cash and will use that money to acquire more near term opportunities in other fields.
Posters like Mongo crack me up when he continues to act as if they will drain the entire $40 million. I dont think they will because they will get similiar money for the EEZ block percentages that they give up to partner with other companies in the EEZ blocks.
IMHO
Well at the risk of being called a hypster in would seem to me to be a positive indication.
Maybe ERHC really does consider us a part of the "ERHC family" and they got the larger office space so that all of the broke shareholders can live in the office until they strike oil. lol
P.S. I want the bunk bead near the window.
Why would Chevron wait 9 months to release a BS statement like they did over the weekend? What a joke.
When are we expecting an update from ERHC? This week perhaps? I wonder if they will have any new developments to comment on. Lets hope so.
Snow, you just proved my point. Your premise is that because a certain percentage of penny stocks are scams, then as long as a poster is posting something negative then they should be welcomed even if they are being disingenuous and are wrong.
Sorry but I prefer honest, well balanced posters. And we have plenty of posters on this particular board who are willing to point out both sides of the equation so the other garbage is not needed.
Snow you are now on ignore. Not because I dont like you but we dont see eye to eye on this and I am wasting too much board space.
P.S. I am guilty of being disingenuous because I said I would not post anymore and now I have lol. I will not post again until SEIH gets Abaxis approval and Redwood converts two new clients, and SEIH is off the pinks.
Hopefully that will be before 2010.
GLTA
This sums it up quite nicely from another board.
NO PUMPER'S AND BASHERS ALLOWED, it gets you and us nowhere. Pumper's only give us false hope and ultimately make us become bagholder's and Basher's are unethical and sometimes immoral with false facts. This is a true DD and realistic board
Snow your basic premise is that because a percentage of penny stocks are scams, then bashers should be allowed to show up on any penny stock board and post whatever information they want even it is untrue or done so in a disingenuous manner. That is a ridiculous premise to say the least. We have enough honest, balanced posters on this board who will point out the good and the bad without needing a bunch of people with an agenda making things up.
Good luck.
Holter I would not be looking for a share buyback anytime soon. They dont have the cash to do so. Any available cash will be used to grow the business, stock Sino medical products, support Redwood infrastructure etc with the goal of growing the business. But that is imo.
Snow, as I have said repeatedly I enjoy reading posters that are balanced. Balanced means pointing out the positives and the negatives of a company. It really isnt all that complicated. I have pointed out the negatives and the positives of SEIH plenty as have the majority of the regular posters on this board. There are many things I like about the company and definitely some things I didnt like and I pointed them out as did just about all of the regular posters here.
So we dont need a couple of two bit bashers with an agenda to see how much sh_t they can throw at the wall in the hopes that something sticks. You agree that he was disingenuous and wrong? But he isnt a liar? Ok whatever you say. Being the first two is reason enough to have him booted. We have plenty of regular posters here who will point out SEIH's shortcomings in an honest way without needing a poster like him who posts in a disingenuous manner. SEIH definitely does have some shortcomings, especially when it comes to PR. And I and others have called them out for it. They also have a number of very positive things in development that just require some patience. Those should be pointed out as well.
Good luck.
Well once SEIH is off the pinks then you are right the PR campaign will kick in in full effect imo
Abaxis approval.....
Redwood clients being finalized.....
And Merriman Curhan and Ford setting the new market for this stock which imho they believe is substantially higher than what it is right now which is why they agreed to take SEIH on as a client in the first place......
I am expecting big things from this stock in what will hopefully be a relatively short period of time......
The only question in my mind is when, not if......
Hopefully before I turn old lol.....
(Now that was my last post for awhile)
Uh yeah, I am pretty sure fishdog. For the following reason:
By: Meridian Send PM Profile Ignore Recommend Add To Favorites
Posted as a reply to msg 5566 by kingstarlong
Re: Biggest Oil Find Ever
King,
Just wait till they fully appraised the discovery, note the "does not yet". Single wells offshore do never justify commercial production. See Dake's "The practice of reservoir engineering".
I imagine the geniuses at Chevron are aware that a single offshore well never does justify commercial production. That is why it was disingenuous for them to say that this well is not commercial. Of course it isnt. Its only the first well in the block. They said this for a purpose.
I am out of posts today. Cheers to everyone, especially angry asian lol
Ok Fishdog, three cheers for Chevron. They handled the whole Obo-1 situation perfectly. Way to go guys!
Trout, is a little honesty too much to ask from our public companies?
Lugs,
Stop being so selfish. Is it always about how a certain event will effect our share price LOL.
But this is what Chevron should have said:
" We drilled the well off structure and did not anticipate finding a commercial discovery with just one off structure well as that is virtually impossible. The goal was to test the outer limits of the block in the hopes that we would find hydrocarbons even at the outer edges of the block. So we were extremely encouraged by the result because we did find hydrocarbons in significant quantities. We are enthusiastically planning further drilling in the area." Blah Blah Blah.
Dont try to BS the public and the shareholders by acting as if the well was a dissapointment because it wasnt commercial. That wasnt the goal of the test in the first place!!
Uh lugs. Obviously a find in Block 1 is good for the prospectivity of the JDZ and the entire region. Why do you think the Sao Tomeans are so upset? They have an STP EEZ auction coming up thats why.
They are playing games though imo and are trying to make it seem as if it the results were not positive.
"Summing up the first drill hole made in the oil bloc, Parsons said that "the quantity of oil discovered does not yet justify commercial production."
Here is Meridian's take:
By: Meridian Send PM Profile Ignore Recommend Add To Favorites
Posted as a reply to msg 5566 by kingstarlong
Re: Biggest Oil Find Ever
King,
Just wait till they fully appraised the discovery, note the "does not yet". Single wells offshore do never justify commercial production. See Dake's "The practice of reservoir engineering".
I hope they do and I hope the media picks up on it so they can see who the real culprits have been during this whole ordeal. And hint, it hasnt been ERHC.
Nigeria and Sao Tome should not allow Chevron or Exxon to bid in any more blocks. Give it away to the Chinese and the Indians or other US companies that dont play as many games.