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"Both of you are foolish though for attributing to each other the power to permanently influence the SP of ERHC.
News has always been the cause for ERHC to move up and the quiet days do appear to lead to modest selling."
You got it. It is a penny stock with no revenue and it will not move till it has a pr or oil flows.
Would it help if all of us shareholders put in a sell order at6.00 for our shares--no time limit?
SRY--I didn't know you were privy to China's policies and aims and how they would g about aquiring shares. Are you employed by Sinopec?
If Sinopec is buying on the open market it will do so with an expert who will buy on dips. The price should go up steadily with the dips being a higher PPS.
Don't think Sinopec will put an order in for 20 million shares in one buy in one day.
spike also occurred at the breaking of .875 which was a minor resistence point. The rall y should continue and if it goes over .92 again in good volume it will rally more--IMHO
IMHO--message had nothing to do with it.
Anyone know how many outstanding shares?Anyone know the float?
lol--traders bought in at .70 a few days ago. They don't all sell out the same day
Since when do you have to know all thta? You buy low ,sell high.
Buy at .30 and sell at .95 and be happy with your 20%. That's all you have to know.
I see PACX at 2.55
Was it humorous? Penny stocks are news driven. Is that humorous?
Was the prediction that it would go to 1.25 humorous? or maybe it was the $3.00 prediction by nest week. Was that humor?
ERHE has potential for sure. It will retrace and run again. That's the way stocks run. Maybe you find that humorous?
That is optimistic . What in TA or anything else makes you so optimistic?
wrong--I read both plus look at TA.
I made a profit. I didnt get perfect high nor did I buy at .30.
I may be in it agin if chart shows an entry. If not and I miss it then there are other stocks.
Ever think it was the swing traders who drove this up in the first place. It was they who created volume which attracted others. Now it not a traders fault if the attraction is over for now.
right--but I am not back yet
If you make a living at it you should know "sell on news".
It ran up,didn't it? Actually I think MM supported price long enough--low volume and price was still up--till today.
I know--manipulation when maybe 3 million shares will be traded today. ludicrous.
"Impending announcement of Proven Oil in TWO ERHE blocks..."
Have I missed something? I thought we await Chevron's announcement. You actually think Chevron is going to PR that most of the oil it found is under block 2?
"GTE is becoming a joke. They're so busy looking at the moon. The lions are biting their legs off. Haven't won a short fight yet. IMO back to basics guys. Protect the ground you stand on. Shareholders are on your shoulders and don't want to get bit again."
Can you decipher this in plain english
A halt for this?
do I have to get your permision to buy at .80 too?
IT a TA board and NEWS TRUMPS TA
how about a class action suit against GTE for the emotional stress
ok--I guess I wrote the report also?
I still have shares and I expect to buy more--just not here.
"No!!! Anyone need a sedative?? LOL docS"
No thx-just refilled my xantax
Could any of Huff's PRs be considered False in formation so as to mislead investors and the value of the stock?
The report was right there and anyone could see it. I did not make any of it up.
I will also not mislead investors that ERHE is a great buy at this price--IMHO
Its an actual halt? Isnt that odd? Only time I seen that it means trouble.
CWPC is a good stock to compare ERHE. It was a penny UNTIL th e oil flowed. I predict the same.
Looks like they issue new shares regularly and at a low price. This is why stock doesn't go up.
the PPS does that now. It reflects the value NOW. When oil comes out of the ground and profits come in the PPS will reflect that too.
"What's the mindset of funds putting $5 SP min to invest in a company?"
I dont know. I don't run them. BUt I do know that a lot of Brkerages consider stocks under $2.00 too speculative for investment and don't reccomend them. I have to sign a release from my broker stating that the sale was not solicited by them if I buy a stock un der $2. Over the net you can buy anything.
She also tells me that it has to get over $5 for big instutions and funds to invest. It is in their prospectus thta they don't invest in speculative stocks.
Even if ERHE meets the qualification these exchanges then tell them that they have to do a RS.
Some institutions will invest in stocks under $5.00. Most of them will not.
"yes it is basically 101, only becaue you didnt say "remedial investing" i have learned one thing the only way to know is to ask questions"
Ok--good. How did you find this stock? My broker never hear d of it. One would have to see it mentioned in the numerous message boards or have a friend wh was in it.
"Options are not diluteable, correct me if I'm wrong."
Options that the company offers are subject to the RS. So if someone has the option to buy 100 at $1.00 he would have the option of buying 10 at $10 after a 10/1 RS
LOL--you guy are cute--OFFER has millions of shares . I forget how many --300Million Plus? And,you think your vote will count if he is advised to RS and move to a larger exchange?
"the faithful that have put everything they have into this and stuck by this company to have it turn around and have a r/s on us at this point."
INvesting 101--NEVER FALL IN LOVE WITH A STOCK
"They can get on a senior exchange within 12 months based on reserves alone."
I have seen companies meet the market cap be refused un til a RS was made.
Reserves? The oil in the ground that everyone SAYS is huge. I can just see it--oh we got value --it is in the reserves that everyone on Ihub knows about. No--we can't prove it--just evryone knows about it.
NOw this AIM? The exchange in London? I am not familiar with it.
"Other than attempting to get on a larger board, why even think about a reverse split?"
That is the reaon and as I said to attract institutios which wont look at a stock till it is $5.
It sure is reason enough.
Off shore hedge funds can short also.
You are right--after a RS the company CAN issure more to the float IF it needs money. SRY--its the way things are done. But many think ERHE doesnt need money.
Have you been in the market long? A reverse split is NOT a dilution.
Dilution is when more shares are issued to the Otstanding shares.
RS are often done to bring the PPS up to a point where a penny stock can get on an exchange and be noticed by funds who have requiremnts in what they can invest their money.
The majority of funds wont look untill $5.00 share.