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I was assuming that come the end of the year one may have gains that you want to offset with losses. Can't imagine anyone could sell this for the gain part.......unless, of course, they were part of the debt squad that got quite a deal. Even then, this is difficult to sell, period
Well, you have this going for you to encourage people to not sell. It's pretty much impossible and not worth doing. Why not hold at this point? LOL The next time it will be potentially worth selling will be going into tax loss selling time, or if someone life ends and those who inherit are cleaning up the books.
On the other hand, if for some reason someone is willing to pay anywhere close to a tenth of a penny per share, I would imagine sellers would come out of the woodwork.....most likely yourself, included. I, on the other hand, will not a seller nor a buyer be. The management has taught me well over the years
I agree that we will see, everything is simply speculation. I tend to believe that people continue in paths they are comfortable with and everyone involved in this company has proven they are comfortable with using shareholders and not feeling any urge to allow shareholders to get anything in return barring what they may make buying low and selling high. That without anything from officers of the company to shed any light whatsoever that would make this anything but sheer speculation and manipulation of unknown "facts". At this point, there is nothing that can be considered a fact, excepting that a R/S hasn't happened again, yet.
I don't see the reason a "maturity date" necessarily means that the debt cannot still be exercised, just that it now CAN be exercised whenever the one who owns the debt decides to exercise it. Meaning that the conditions are such that they can make some money by doing so. A maturity date is not necessarily an expiration date, such as the rights expiration date soon upcoming for ERHE having any rights whatsoever to play with. IMO
And, for one who thinks that expiration dates matter, which we don't know what the dates are for the debt.....or if they exist. We know that an expiration date exists and is shortly upcoming for any rights ERHC may still have, despite not paying any amounts due for a very long time.
Everything they are NOT doing requires a change to their articles and bylaws, they haven't reported or had meetings anyway. Obviously, they are very concerned with scrupulosity, NOT.....
My recollection of the conversion was that it was a percentage of the market price of commons. How, or if, that would transfer to preferred, I guess would be up to whoever made the claim. I am not sure that preferred shares were saleable on the market, so they would have to be exchanged to common to make any money off of, and for that they would have to authorize more shares. I can only vaguely remember the exchange rate preferred to commons, and what is in my head may pertain to a different company
From an accounting perspective, you have absolutely no idea the number of shares authorized or outstanding. They haven't reported to anyone. If you own shares the only thing you know is whether they were r/s again, or not. You may not even have to report your ownership since you have no idea what percentage of shares you own. According to the last filing, there were not enough shares authorized to cover the convertible debt already issued, so I assume there have been more authorized, or, there is still convertible debt on the books. Maybe even Offors. He may want to be the last to convert, thereby ending up with the largest share for the smallest amount of money.....
If Offor owns most of any shares, he is doing so illegally, and why you would trust him to give anything to any other shareholder boggles my mind. Last filing he owned a lot less than "most" of anything. Not even most of the convertible debt
may have, I just remember life happened
Also, at the time pumpers had a few facts on their side. Full carries, money in the bank and oil over $100 a barrel, if memory serves
I think I had heard he passed away.....
FYI, new filing out
My understanding of the grey is that orders, buys and sells, have to match perfectly in order to execute. How that is defined, exactly, I don't know. Whether it has to be within a brokerage and if someone else has to hunt the orders down. But, it seems like the brokerages don't have the communication set up to roam in looking to fill orders. Never really researched it, just piecing together nuggets of info
There hasn't been any factual argument made by you, just imagination and supposition, so other than pointing out that you have no facts to base your predictions on, what other argument in necessary. LOL You keep on supposing, with the knowledge that there are no facts outstanding to prove that there are no facts, because there are no facts. An endless round of nothingness, but you don't like to admit to having nothing but an imagination to sell yourself on having accumulated so many shares. So, until there is a fact to prove one thing or another, we have here an endless round of claims with no basis in fact, that are refuted by the lack of facts in existence. LOL once again.
The only reason I can figure that you have accumulated so many shares is that you acquired them by way of the toxic debt, and now want as much as you can get out of what you received by way of conversion. The facts I base that supposition on are the existence of the toxic debt the existence of conversion, and the doubt that you acquired so many falling shares on the open market. IMO
If you call that desperation to cover, you are in deep doodoo counting on selling to shorts at $8. Your interpretation of facts doesn't add up in my view......definitely doesn't add up to shorts desperately covering.
I do remember something about some fields somewhere that they bought, but I have no idea what happened to those. No word of any income from wells....
That is fictitious, totally fabricated. They have rights that they have to use or lose shortly, and cannot use them without someone else partnering and funding everything. Or else, if someone is actually interested in the fields they can just hold off another couple or several months and not worry about an almost defunct albatross around their neck.
LOL, I know how you feel, believe me. Still not holding my breath. Hopefully, there will be a filing soon to show it isn't a long term complication. Someone has to file for this to stay current, which is the only plus it has, at the moment.
Well, I contemplated that overnight and come to the conclusion that the only thing new it had in it was that he wasn't paid. Which I deplore, but if there isn't any income I guess it is to be expected. Other than that, he signed off on exactly what he would have signed in a 10K, so it was rather gratuitous. Webstar doesn't have income, which the 10K has said since the company was public, and there isn't any surety that the tech is marketable and this will become a profitable business. Which he also signed off in the previous 10K and Q's. And, if he felt unable to say that in a 10K, why could he state it in a resignation letter? Curious.
So, we still sit and see, and most of us, if we have stock, it isn't tradeable, anyway, so...........
My main question in that is whether SEO is holding out for anything. The last I saw he had a very small percentage of shares and a relatively small amount of convertible debt. no filings since to show what, if anything he did with any of it. If he's done anything to make money, for all we know he used his holdings here for a tax write off......familiar story around here. imo
totally agree
Well, I am thinking that with your analysis of information, you probably shouldn't be in the stock market, or go to Vegas. If you do, please stay within a preset amount of loss.
Truly am speechless. But, I thought you had said you were watching shorts happening, and am still not seeing verification of your version of reality. And, if you are counting on shorts, like myself, to pad your pockets I hope you have a second source of living. There is no there, there. I have never shorted in my life, and wouldn't even get a margin account. I assumed everyone would understand facetiousness, but I also understand people unwilling to allow their one hope to dissipate. Good luck in your other endeavors, I don't think you will have that luck, here.
What "short show" interest? If you think that a negative opinion means that someone has sold short, where is the short reporting that is required? If there is a record of shorts being sold, please post a link to it. I'd be interested in seeing how it is done with this stock.
Well, I am glad to hear you were able to cover your shorts. LOL As one of your minions, I salute you :<)
I wouldn't think so, seems like they would define "production" as commercial sales, and I don't think that will happen any time soon. But, I don't have time to hunt research, and if you want to invest on what you believe, I hope you find a broker to allow you to buy.
Well, I can't imagine that even if they start exploration immediately, they could be producing by then. And, if any big companies want block 4, seems like they would prefer to not have to give any part to ERHE, so why lose by partnering with ERHE when waiting a few more months will let them have the whole enchilada? IMO, it wouldn't make sense to spend money to partner with someone who loses all bartering power in just a short time......to me, it speaks that it is already gone.
It has been so long that I don't remember the rules regarding the rights ERHE received. But, I find it hard to believe that there was no time limit given for production by ERHE before the rights would have to be relinquished. If not, STP blew it. IMO One of these days I may dig deep into the past and try to find it.
I might as well be the Africa Queen, while I am at it......
lol, I am short by K's defining only.........I guess it doesn't matter where you want to assign.So, sure Canada, what the hey, US and Europe, too......
The only thing I have against longs making money is if they make their money by lying to someone to convince someone to buy.....and therefore, I am short shares, lol
Somehow, I don't think I should take investment advice from you. I guess I am flattered that I am in a position to sell short, or ever was. Although I don't know that it is a sign of good character to actually do so. but, better that than lie every day trying to unload on someone. Even that seems preety strange here..... truly puzzling.
yep, shorts like me will really hurt..........
well, since I have knowledge of the veracity of one claim you make, it rather impinges on my ability to believe any of your claims regarding other people or entities. And, I know also, that I, occasionally, speak simply to prevent others from trusting in statements which I know are false, and/or statements that I believe are false. I was going to say that those who believe lies cannot have luck, but I actually believe that there are probably others involved in the equation of happenings that no one here knows about. I know I won't lose anything, whatever way this goes, but those who own shares are still able to finalize their losses or if, by some weird event unthought of here, I am sure, happens, they may actually turn a profit. I can't conceive how, because anyone that has the pockets and knowledge to change where ERHE stands couldn't care less about common shareholders.
sorry, I am one-handed today
Well, since, according to you, you all will make a fortune off my selling short, I am really confident that Offor owns 50% plus of shares and he will make sure that those of you who bought all the shares I shorted will make me pay. Good luck to all of you banking on that.....
Well,
All I know is that there wasn't enough A/S to cover the convertible with shares, and prior to the last filing, not all of it was converted. I do not believe that anyone, including O planned on gifting the funds, therefore, it had/has to be repaid somehow and ERHE has never filed to let shareholders know how it was or will be repaid.
I know from previous filings that there were not enough shares authorized to cover conversion of the loans, so either some loans haven't been converted yet, or the AS is way over the 3 billion mark. The only way the market shows that debt has been converted is the show short shares before the shares hit the tape, so nothing seems to have been converted since the last filing.....and the volume hasn't indicated that even part of the debt has been sold into the market. So, my guess is that you are requesting an answer for something that is unanswerable, since the number of shares needed to cover the conversion of debt is based on the market value at the time of conversion.
"What is the definition of "avoid"? Everybody here is waiting for ERHC's next move, everybody!"
I suspect that a lot of us are waiting for the sec to finally do its job, and trying to make sure reality is mentioned as much as pumps, as hard as it is to believe, there are always a few "investors" out there new to the game who may believe that "too good to be true" might really happen and isn't the risk it really is........
On the other hand, I would love to be totally shocked, LOL. But, won't put any money on it....just watching the story.
Gov keeps disappointing me....