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Do you know why Hal is not posting anymore?
It was several months ago. It was prior to the RS. I asked when the RS might happen. He didn't reveal anything much as it would be illegal to give information to a individual stockholder without a PR.
I have called the Houston office several times and talked to Sylvan but not Peter.
And you are one oh the longs, right?
Craps is the best.
If there is less than a 20% chance of success for the basin opening well why would Cespa commit 30M dollars to it. You seem knowledgeable about the oil business. Is this normal?
LNCO-Are you averaging down here?
You made a profit. Good for you. This goes against claims that no one has made a profit on this stock. I bought in 2000 @ .03. Sold most for profit but should have sold all. Looking for a point to buy more if it drops more prior to drilling. Risky stock at this point so I won't buy more than I can afford to lose.
I think you had the right idea in 2010. I hope you made money with this strategy. Do you think it still holds true?
nwtf Sunday, 08/29/10 08:23:27 PM
Re: bobwill9 post# 220952
Post # of 313512
Bob
I realized alooong time ago that this was going to take YEARS to come to furation. And also realized that you could trade this issue in the mean time. How can you pass up easy money.
Did I say any of that? I just recommended ETrade for anyone who wants to trade ERHE/
I keep saying if you want to trade ERHC use ETrade. No problems buying or selling.
It seems like almost every broker charges a reorganization fee with the exception of Fidelity.
I think you have to look at all penny stocks as lotto tickets. I have played quite a few overtime. Most of them don't work out if you hold them for any length of time. Once in awhile you will get one that makes a fantastic gain but as Kenny Rogers said "You have to know when to Hold'em and know when to fold 'em".
The officers of these penny stock companies seem to be all the same. They line their own pockets while constantly diluting the stock. The worst one in recent memory is FREE. They seem to have a reverse split almost every month. The 52 week low is $.13 and the 52 week high $4285.
The hope is ERHC hits oil and our lotto play will pay off and we will all be rich. We'll see.
ERHC Articles of Incorporation - Worth a read
http://www.sos.state.co.us/biz/ViewImageAttachment.do?fileId=20091627500&attachment=1&attach
Are you required to use a Canadian broker or could you use a US broker if you chose to?
I guess you have the right broker and many do not. Congrats.
11910 sold @.19. Was not me.
Are you concerned that CETC has only 140K in cash and about 43M in debt (Yahoo Finance). Seems like they may have to raise cash soon.
Did you notice Bid .19 Ask .33. Still no trading but you could sell some @ .19 if anyone wanted to.
You should send your thoughts to Peter (pntephe@erhc.com). He won't respond but at least he will know your thoughts. I know it's a waste of time but it doesn't take any more time to send an e-mail than post on this board.
I don't think you should hope for DOW 9000. Might be good for you as a trader but most are not traders. Think of what that woul do to 401K plans and IRA accounts.
Who wants to go $687 FLIGHTS TO NIGERIA. Probably don't need a return flight.
Also could sell shares bought after the RS but that's very few.
That's true but you can place an order to buy or sell.
ETrade will let you buy or sell but you probably won't get filled unless you buy at the ask or sell at the bid.
Someone bought $740 @.51
Time Price Volume Market
11:00:06 0.45 44 OTO
10:19:38 0.51 1000 OTO
10:18:40 0.51 450 OTO
10:18:38 0.20 1494 OTO
10:17:25 0.20 5000 OTO
09:32:51 0.014 450 OTO
What does a qualifying transaction mean?
I can't trade NGAR from ETrade. Since you are in Canada can you trade it if you wanted?
Incorrect. ETrade showed a bid at the open of Bid .05 ask .51. At the end of the day a bid of .071 and an ask of .51. I put my order in to buy 10K at .071.
I guess Condor cares when the RS occurred. Also trading did resume on Friday but there was a big spread between the bid and ask. I put an order in to buy but it was not filled. Had I put the order in at the it would have been filled.
The RS occurred on the 15 not earlier. I confirmed that with ETrade. FINRA approved the RS late Trursday afternoon. Confirm it with your broker if you don't believe it.
If you really want to buy 4M @.05 put the order in for GTC (60 days). It will stay open until it fills and you won't have to renter it every day.
As I have told you before use ETrade. No issues with trading ERHE and no charges for RS. Don't know why anyone would use TD.
I will wait for you. Ask is .51
I was able to place an order using ETrade to buy ERHED at .01. It didn't get filled but was able to place the order.
Dan Keeney was stepping on an airplane as I talked to him about 2:45 today. The company didn't know exactly when the RS would be approved. I am confident you will see a PR as soon as possible
FINRA saya RS tomorrow
http://otce.finra.org/DailyList
ETrade shows a high of .0014 and a low of .0012 with 2 shares traded. Yes the commission would be more than the price of the stock. Don't understand this trade. I could have bought 2500 shares for @ .0014 for $8.49
If you put a trade to buy at the ask or sell at the bid you will be filled and see that activity. I was just trying to test to see if ETrade would accept an order to prove the stock is not halted. I placed an order to buy at ..001 and was not filled.
Oh ok. It sure sounded like you were implying it was halted. My mistake.