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Bustin down the door.
Short sellers shorting this company are getting hammered in the other stocks they are also shorting...nice huh?
Some consequently 'forget' about a very important post:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160510803
Performing true DD on ERHC is taking this post into account.
In the end following ERHC and 'debating' ERHC is about a trying to achieve a financial gain, of course. ERHC isn't the exception in the investment world, lol. It's universal, and there is no rocket science to it.
The most active ERHC followers are also the ones with the highest financial stakes in ERHC. Every debat about ERHC should be seen in the light of this fact. And there is your proof of people that shorted the hell out of ERHC. Yes, evidently people took a bet on the demise of ERHC.
There was a point in time that even I thought ERHC would go bankrupt. But I did not take a bet on that assumption, luckily.
Don't hold your breath for a revocation also.
BULLSHIT...
After 15 years (at least) of us all here closely following ERHC, some are now all of a sudden suggesting to be in a hurry regarding ERHC's share price?
The ERHC share price will slowly move in the direction of a proper valuation, with a TOTAL contract in the pocket.
In the meantime, more unexplained bullshit is communicated:
Badog, dude...
In the end, facts about ERHC's 'whereabouts' will be reflected in the share price. If ERHC gets off the 'greys'... better seek cover.
"I don't care. SP is the key here. It's what the market thinks. Not what you think."
In the end, facts about ERHC will be reflected in the share price. If ERHC gets off the 'greys'... better seek cover.
Badog:
No stock is worth more than its current value....unless something changes.
DUDE, this is provable BULLSHIT about ERHC...
"Thats why all the narratives about Total wanting a piece of Block 4 or Total wanting to buy ERHC are CRAP. No one can know".
"It bears repeating that Total initiated the arbitration proceeding on February 19, 2018, to enforce its own contract with ERHC".
"If you cannot offer proof that something will happen....then there is no deal."
"I don't care. SP is the key here. It's what the market thinks. Not what you think."
I will start buying shares here. Very interesting opportunity.
Interesting company, I will add over the coming period.
DUDE, this is provable BULLSHIT about ERHC...
"Thats why all the narratives about Total wanting a piece of Block 4 or Total wanting to buy ERHC are CRAP. No one can know".
"It bears repeating that Total initiated the arbitration proceeding on February 19, 2018, to enforce its own contract with ERHC".
"If you cannot offer proof that something will happen....then there is no deal."
Absolutely false to say
Or maybe I missed it.
We all now know for sure that some folks shorted the hell out of ERHC, and find themselves in DEEP deep... problemos these days. It's just a matter of time for them, until they realize the party is over for a long time already: ERHC will not go bankrupt, as they hoped/expected.
By the way, Badog, can you still answer my ERHC question?
"Thats why all the narratives about Total wanting a piece of Block 4 or Total wanting to buy ERHC are CRAP. No one can know".
"Erhc got the loan back in May of last year. Not exactly an historic event".
"Thats why all the narratives about Total wanting a piece of Block 4 or Total wanting to buy ERHC are CRAP. No one can know".
"It bears repeating that Total initiated the arbitration proceeding on February 19, 2018, to enforce its own contract with ERHC".
"Some seem to think that there is a deal".
"If you cannot offer proof that something will happen....then there is no deal."
"(...)more bs heaped on the ever growing bullish pile of crap every day".
Now with the ERHC PPP news in writing, things are getting worse and worse by the day for panicking, desperate ERHC shorters.
We now have indeed rockhard evidence of ERHC (still) having money available for serious paychecks... since tax returns must be provided. The SBA cross checks these returns with the IRS automatically.
Then how is this possible for ERHC? I guess the Tooth Fairy, the Easter Bunny and even Santa Claus all DO seem to exist for ERHC. BAM!!!
The bad news is piling up by the day now for the ERHC shorters... and others prefering to see a share price of 0.0001 again.
"(...)more bs heaped on the ever growing bullish pile of crap every day".
"Thats why all the narratives about Total wanting a piece of Block 4 or Total wanting to buy ERHC are CRAP. No one can know".
"It bears repeating that Total initiated the arbitration proceeding on February 19, 2018, to enforce its own contract with ERHC".
Some seem to think that there is a deal.
"If you cannot offer proof that something will happen....then there is no deal."
"(...)more bs heaped on the ever growing bullish pile of crap every day".
Some seem to think that there is a deal.
"Thats why all the narratives about Total wanting a piece of Block 4 or Total wanting to buy ERHC are crap. No one can know".
"There also is no proof that there will ever be a deal."
As early as February 2018, Kosmos had in its possession a document (Assignment Agreement between Total and ERHC Energy, Inc.) putting Kosmos on notice of Total’s claim over Block 4. (MR 349).
"It bears repeating that Total initiated the arbitration proceeding on February 19, 2018, to enforce its own contract with ERHC".
You cannot prove that there are no ERHC shorts. Prove it!
What I can prove though is in post https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160510803
Important, because this very likely indicates that there are indeed a few people that took a huge bet on the demise of ERHC. That was a plausible scenario, back then. But not anymore...
"Total had secured a Partial Arbitral Award (“Partial Award”) stating it has a valid and enforceable interest in Block 4. (Case No. 14-18-00981-CV, Appx.2, Ex. A)."
The bottom line here is very simple: what some (potential) investors read in 'the share price' is in direct conflict with the very existence of multi-year, expensive litigation and figthing against revocation. Skeleton-like shells' of companies do not engage in litigation over an exploratory oil block.
Unfortunately there will be no shares available anymore at these prices.
Apparently you haven't looked at the sp lately. It says it all.
All information you refer to is available to all....and yet the sp doesn't move.
Why?
Again:
If all is as you say....explain why the sp stays so low for so many years.
"Because investors will not invest in companies that don't report. That's how it's true. That's why we are at triple zero's."
If all is as you say....explain why the sp stays so low for so many years.
"Because investors will not invest in companies that don't report. That's how it's true. That's why we are at triple zero's."
But... now you have only just arrived at the point were the true DD starts (despite the fact that we cannot a perform a 'complete' and proven DD). True DD certainly does NOT end here at this point... by simply, and solely stating over and over again "look at the share price!", because this is called circular reasoning...
On that specific point you were indeed correct. As you know I have spent numerous posts noting that 'the market' hates uncertainty, and that the share price only reflects this uncertainty regarding ERHC... So, we finally are in agreement on this important point.
But... now you have only just arrived at the point were the true DD starts (despite the fact that we cannot a perform a 'complete' and proven DD). True DD certainly does NOT end here at this point... by simply, and solely stating over and over again "look at the share price!", because this is called circular reasoning...
We have to look 'beyond' the ERHC share price, since the share price only reflects:
"Because investors will not invest in companies that don't report. That's how it's true. That's why we are at triple zero's."
Because investors will not invest in companies that don't report. That's how it's true. That's why we are at triple zero's.
This is so easy.
Complete DD is impossible...remember...the company doesn't report or provide any info
Past Performance Is No Guarantee of Future Results.
Also: Ben Graham's remark that it is not about "interest level": "You are not right or wrong BECAUSE A THOUSAND PEOPLE (read: " The Market") AGREE WITH YOU, and you're not right or wrong BECAUSE A THOUSAND PEOPLE DISAGREE WITH YOU..."
SLAM-DUNK.
Remember this one?
Complete DD is impossible...remember...the company doesn't report or provide any info
Some general remarks regarding ERHC...
The sp does tell us of the interest level...litigation or not.
ERHE is valued as the market thinks it should be
Complete DD is impossible...remember...the company doesn't report or provide any info
Can one prove that Total will make a move? What would that move be?
"Total had secured a Partial Arbitral Award (“Partial Award”) stating it has a valid and enforceable interest in Block 4. (Case No. 14-18-00981-CV, Appx.2, Ex. A)."
"November 21st 2019: "After BP and Total, Shell is the third oil major to have decided to invest in the country's EEZ." Could the fierce litigtion over EEZ block 4 have anything to do with this quote from an article?
No Dude, the important parts are ignored, over and over and over again:
1. The continued very high 'interest' in this 'pile of shit' by some...
2. The share price is not going to give you answers to the right questions: courtesy Ben GRAHAM.
"The rest of "the investment world" ignores 'expert market' stocks. Let alone that they know about any litigation.
ERHC didn't PR.... remember? And even if they did, nobody would pay attention.
Yes, ERHC is currently undervalued. By how much is anybodies guess, depends on developments. But undervalued nontheless.
The moment TOTAL makes a move, some will lose their shirt... and more.
No, there will not be substantial amounts of shares available anymore at these prices...
Too bad. Try to shake the tree...
P.s. Why didn't ERHC want to hand over an UNredacted contract to KOSMOS? Why would they care? Remember: this is a skeleton-like shell company...
Incomplete DD regarding ERHC equals no DD at all.
That 'pile of crap' ERHC is in continued interest by some...
That must ring a bell.
Also:
"Ben Graham would say that you're not right or wrong BECAUSE A THOUSAND PEOPLE AGREE WITH YOU, and you're not right or wrong BECAUSE A THOUSAND PEOPLE DISAGREE WITH YOU..."
Let me remark this: at these levels you won't get substantial amounts of shares anymore.
And now we wait for TOTAL, that other pile of crap.
It isn't rocketscience...
"It's a temperamental quality not an intellectual quality, you don't need tons of IQ in this business. I mean you have to have enough IQ to get from here to downtown Omaha, but you do not have to be able to play three-dimensional chess or be in the top leagues in terms of bridge playing or something... you need a stable personality"
Ignoring the litigation is a choice.
Another 'Key' is continued interest here, by some. Ask yourself the right questions regarding ERHC.
DUDE, anybody's DD begins at the litigation documents. The DD you are constantly repeating is getting old.
Better be aware that Buffett (actually Ben Graham) acknowledged that the share price is far from always right...
But for people that betted against ERHC, reading the litigation documents is far from helpful...
SEO is protecting this "skeleton like shell of a company"... my friend.
I'm glad I'm not the one that did bet against this little stock...
Even if the share price stays where it currently is, the moment that TOTAL comes up with news... it does not matter anymore.
DUDE, read post 343742...
"The rest is irrelevant in regards to ERHC, but the "being against the crowd" part is very relevant."
and post 343743:
"(...)the greatest investor of all time mentions this in general... is obvious: it happens ALL THE TIME with stocks: the market is far from ALWAYS right...!!!"
But I'm sure you understood: looking at ERHC's share price will not tell you what you need to know. Although you did some DD, it was far from complete DD... you things you mention again and again is only part of proper DD.
Also remember: the moment TOTAL comes out with news...
Don't hold your breath for bankruptcy or even revocation...
It's over for certain investors, for a long time now already.
Indeed, I forgot the link:
For the ones that truly think that looking at the ERHC shareprice is the way to go here, and that it qualifies for "DD"...
listen to this short movie, pay attention at 1.40 minutes...
The rest is irrelevant in regards to ERHC, but the "being against the crowd" part is very relevant.
Read the litigation documents...
Hard to find anything in google related to "jaca"
https://www.galp.com/corp/en/about-us/what-we-do/upstream/e-p-in-sao-tome-and-principe
"Galp is currently conducting geological and geophysical studies, particularly in block 6, where it has already identified one drill-worthy prospect."
"The block is located in the country’s Exclusive Economic Zone, in an underexplored but high potential area, as it is close to provinces with a proven oil system."
Block 6 is indeed underneath block 5 and 4 and Equatorial Guinea oil block...
But 'jaca' could be in an adjacent block outside the EEZ?
I get the impression that over the last days some people really took the effort to actually start reading the ERHC litigation documents...
Why made ERHC all that effort, even refusing to tell KOSMOS about the deal with TOTAL...
Has this been a note on the wall for the last 3 years....and probably the next 3 years? Or Five years? Or Ten years?
Why all that effort for this 'Caveat Emptor' Skeleton-like Shell company?
"The ERHC Defendants, however, continued to play games with discovery."
"Rather than produce the responsive documents as ordered, they improperly redacted several communications with Total, necessitating yet another motion to compel (Ex. F, Kosmos STP’s Feb. 7 Motion to Compel), and yet another order from the Court ordering the immediate production of the non-redacted documents (Ex. G, Feb. 26 Order)."
"Kosmos STP learned that many documents likely had not been produced or were potentially destroyed."
Will ERHC be the new Bitcoin?
An excerpt from the litigation documents:
b. The ERHC continue to stonewall and delay, necessitating further motions to compel.
The ERHC Defendants appeared for depositions, but refused to answer most substantive questions, produced no responsive documents, and tendered bare-boned written discovery responses. So Kosmos STP filed another motion to compel (Ex. D, Kosmos STP’s Jan. 10 Motion to Compel), and prevailed yet again. Ex. E (Jan. 26 Order). The ERHC Defendants, however, continued to play games with discovery. Rather than produce the responsive documents as ordered, they improperly redacted several communications with Total, necessitating yet another motion to compel (Ex. F, Kosmos STP’s Feb. 7 Motion to Compel), and yet another order from the Court ordering the immediate production of the non-redacted documents (Ex. G, Feb. 26 Order). Then, during the course of taking the supplemental depositions of Messers. Ntephe and Odobulu in late February, Kosmos STP learned that many documents likely had not been produced or were potentially destroyed.
If I owned 400 million shares I would dream up a narrative to keep others from bailing.
The OTC Markets Group identifies securities with a Caveat Emptor symbol when it is probable that there is a lack of adequate public information about the issue. The Caveat Emptor designation is used to warn investors that there may be reason to exercise additional care and perform thorough due diligence in making investment decisions about that particular security.
Promotion/Spam Without Adequate Current Information
The security is being promoted to the public, but adequate current information about the company has not been made available to the public. Adequate current information must be publicly available during any period when a security is the subject of ongoing promotional activities. At such instances, as a matter of policy, when adequate current information is not made available, OTC Markets Group will label the security “Caveat Emptor.” Promotional activities may include spam email, unsolicited faxes or news releases, whether they are published by the company or a third party.
Investor relations or stock promotion involves the dissemination of information about a public company to INCREASE its stock PRICE and trading VOLUME. The person who publishes this information is sometimes referred to as a “Stock Promoter”. A Stock Promoter engaged in investor relations might use email, internet, direct mail newsletters, stock websites, press releases and phone rooms to increase trading volume and price of an issuer. While investor relations activities are not per se illegal, Stock Promoters are often the target of both civil and criminal authorities.
Quite frankly....the market just doesn't care.
I don't claim to know all the answers to all that is going on here. I don't care.
Again....the sp always tells what the market thinks of a stock. A few who have a different opinion cannot change that.
I don't claim to know all the answers to all that is going on here. I don't care. No one else knows all the answers either. Only the companies involved know the true situation and their positions and time frames.
November 21st 2019: "After BP and Total, Shell is the third oil major to have decided to invest in the country's EEZ."
DUDE, I ASKED:
(...)then how can the current share price EVER be right?
"Thats why all the narratives about Total wanting a piece of Block 4 or Total wanting to buy ERHC are crap".
*******
"So originally Total was not interested".
"nobody knows what is going on behind the scene."