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That is funny. What do you think this stock did? It rose 2200% and ten crashed back down. Look I am long this stock and am hopeful. They have a ton of work to do before we go anywhere. Gross sales of $4M to $8M is not going take us very far. Pipeline is just that... a Pipeline. Until the revenue is book it does not count. JMHO
What management? Dr. John B. Barnett CEO & Chairman of Board?
Steven M. Sarno Board Director?
Joey Milan Board Director?
Dr. John is only a temp CEO. New management is yet to be ID or installed of so it seems. Board members do not make up management. All we have right now for an operations POV is Accordant.
Who's the expert?
As I said I am long ERFB. Just know that hope does not drive price and value. Only results do. Long way to go to get on solid ground.
I agree that is good but I hope he understood the dilution including the convertibles
He states $4-6M in revenue. Sorry "projected sales pipeline for 2017 of $25 million" is not revenue. I am asking for the link to show ERF's revenue outside of Accordant? if you take the middle of the range $5M x 2 is $10M / 730M shares $.0137 per share.
How do you know those revenue numbers? In 2013 as things imploded their sales were $1.5 The company was dead in the water and basically was a shell. Where do you get $12-$18M? Please post the link.
I am long but need to look at everything on the DD piece. The website has not been touched and is outdated, it includes an 800 number that does not ring to the business. Yahoo has the market cap at 345K and TD has it at 1.7M. On the market cap issue 730M share outstanding so at $1 that makes us a $730M company... seems to be a stretch to me. Would love it but seems to be a stretch.
3 month ago
"Short some and sell it back..." that make no sense. Shorting is selling.... What are you saying? Short some and short some more??
He didn't leave he was let go... company has been taken over. Reset button
Again very hopeful but I don't get it. Everything in there power to keep it down? 30K shares takes it down another 19% That's $90. Come on now. "Keep it down" I would say knocked down from a high of .0235 down to .003 that is down 88% from 2.3 cents.
First let me say say I am in and long... Hoping this works. That said you are saying that ERF is still doing 6.5M in sales today? I thought there was no operation and it is just a shell. The idea was to use the structure and stock to do deals and grow through bringing private companies on like Accordant. The headwinds I see is 700M shares out and anyone that holds the stock that feels that the plan is not working fast enough or at all may bail on up ticks and then limiting the value of the currency (stock) to do additional deals. That said if the stock get locked up and private companies allow themselves to join in and add their revenue to the company maybe it works. Pipeline is a tough concept... There is no deal until there is a contract, really there is no deal until the check clears. I hope that Accordant is happy and head down. They seem like a good but very small company. .12 would put the company at 84M... seem like a stretch. I hope you are right. I have no idea what the short position is, I would not be short for sure.
Good luck to all of use longs.
This is moving in the right direction but I have to ask... This is the plastic surgeon who owns Breast of Dallas? I guess he has money but running a wireless company?
That is $5,800 worth of stock... please define "big boys" I get the unregulated T-Trade thing and all but really none of this means anything in contrast to the plan to get this company on track as a real company. A million+ shares trading hands with a delta of $1200 (.0008) is irrelevant IMO.
That is just the question. How long does it take? This story started in the Fall and the missing fillings can not be very complicated. There was little to nothing going on over the past few years. When will the plan be executed? Closing in on 1/2 over 2017
They have not updated the web site... Your comment about the 800 number means nothing. I am sure they let the 800 number go and someone bought it and that is what you hear when you call.
Holding
They both say naked short volume.
So which is right?
This say 14M short
http://otcshortreport.com/?index=ERFB&action=view
Hey Thief what is your agenda here... Why do you state things as fact followed up by "in my opinion"? Just a question. BTW 14M Shares Naked Short Today. http://otcshortreport.com/?index=ERFB&action=view Not as you stated 100% sale not short.
So do you like the stock based on their reset plan and the future of wireless?
Not sure what you are saying here. I am sure deals with MM are getting made. The question is why no volume today?
11am and no trades yet... looks like there is a bid ask but no trades... thoughts?
Love the reset button, would think it is time to update the website and get the filings up to date right?
New Board... Owner? The shareholders are the owners. Dr. Dean is gone as I understand it.
TomKG what say you about ERFB?
I think you are right but you said the key word, real revenues. Until the reporting from the past is cleaned up and revenue is reported this will remain choppy. What is the timing on this? How do we know what real revenues are? I read the release about the 27M pipeline until it is booked...
Petrobot you and I are on the same team here but at these levels both volume and price we are talking about $3-$4K worth of stock.
So this shows daily naked short sales but no total. I like facts not guessing. Were can you see the total number of naked short sales? You can't take the daily number and add it up because long buy could have closed the naked short sale. The convertible notes that have brought millions of shares to the market seem to be a real issue. Again I am long a bunch of shares and would love to see this thing go but 700M shares and more supply from convertibles is an issue i would think.
Ok so this is where I get totally sideways. 26K shares short is $116 worth of stock. Others say there are hundreds of million shares short... Which is it?
If what is true... Accordant deal has closed? The press release is out on it.
The Accordant deal has already closed.
Wow 366K shares traded.... This is really a head scratcher...
Still don't get selling at these levels.
Don't you mean higher highs and higher lows?
Would be great to see this go to the $1 plus level in time.
Ok so many hopeful longs here right?
Who is long?
Who is thinking about buying or buying more?
What is your guess for $1PS? The is the basis for Accordant correct? $1PS...
Happy Easter All.
A time to rise up correct?
Petrobot what do you male of the very low volume... nice percentage move but feels funny.
Glad you are excited about ERFB lots of people are. That said the purpose of DD is to understand all aspect and the risk. You say you do not understand the short selling issue... would suggest more DD.