You can't always get what you want, but if you try sometimes, you get want you need. Rolling Stones
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My post had nothing to do with hope. My post just stated the fact that ERHC can not afford expensive legal representation it needs to defend the company against all the pending and possible future lawsuits it is facing. Do you really believe ERHC presently has the funds needed to hire proper legal representation?
I DON'T!!!
That is an excellent summary of ERHS's legal issues, but you failed to mention that with little or no cash on hand ERHC is in no position to hire legal counsel to defend itself? Most law firms would require a substantial retainer to represent ERHC. Although PN is an attorney (and likely not drawing a salary from ERHC), I do not believe PN has the LEGAL experience or expertise to handle all of these different kinds of lawsuits.
These legal problems are by far ERHC's biggest nightmare, and are not going away.
That is an excellent summary of ERHS's legal issues, but you failed to mention that with little or no cash on hand ERHC is in no position to hire legal counsel to defend itself? Most law firms would require a substantial retainer to represent ERHC. Although PN is an attorney (and likely not drawing a salary from ERHC), I do not believe PN has the LEGAL experience or expertise to handle all of these different kinds of lawsuits.
These legal problems are by far ERHC's biggest nightmare, and are not going away.
Even if ERHC has a 15% option (which is doubtful at best), ERHC will not be carried and MUST pay its share of the drilling costs. How is ERHC going to do that with no cash and no shares to issue? Anyone that's believes ERHC can pull this off is dreaming
Hard to agree with you when ERHC refuses to disclose any information to the public. This is no longer a public company per se proven by the fact of how they treat their shareholders by keeping them in the dark. That is shameful and I do not understand how ANYONE can continue to support a company that asks like this.
next time you talk with SO ask him i he being paid by ERHC. If he is not (very likely since ERHC has no money) what he is doing for money?
a whooping $200 in ERHC trades today!
Who's Saul?
Who's in the circle?
Is Saul in the circle?
Middy, It appears you base your belief that ERHC's assets are non performing (worth very little) based on facts of the actual history of these assets. Others base the idea that these assets are very valuable on a wing and a prayer. I have to believe the facts you state as opposed to hype with nothing to back it up. Please keep up the good due diligence of ERHC as you have been proven right over and over again.
Middy, It appears you base your belief that ERHC's assets are non performing (worth very little) based on facts of the actual history of these assets. Others base the idea that these assets are very valuable on a wing and a prayer. I have to believe the facts you state as opposed to hype with nothing to back it up. Please keep up the good due diligence of ERHC as you have been proven right over and over again.
Middy, It appears you base your belief that ERHC's assets are non performing (worth very little) based on facts of the actual history of these assets. Others base the idea that these assets are very valuable on a wing and a prayer. I have to believe the facts you state as opposed to hype with nothing to back it up. Please keep up the good due diligence of ERHC as you have been proven right over and over again.
oldoil, not even $1,000 in trades, and you say that it is looking better! Well I guess that's better than no trades yesterday! Maybe ERHC will have over $1,000 in trades tomorrow. Whoopie do!
No trades today, how sad. Cant get to 3 milrays without any trades!
Oh wai, maybe it was TOTAL FINA who spent $200 today and bought the one million shares that were traded. Guess they have to start somewhere.!
Why isn't TOTAL FINA buying ANY shares of ERHC on the open market? if they were that interested in the "assets" TOTAL FINA could buy them on the cheap, by purchasing shares of ERHC. Why are they NOT doing this???
today's volume for ERHC IS A WHOLE $200.
Where are the buyers if the assets are SO VALUABLE?
Why isn't the circle buying more shares, if the share price will go up?
Did they give you change for the less than one cent buy? How did they do that? Or did they just round off to an even one cent? You should have bought 50 shares for The entire penny.
TUESDAY ; Volume of ERHC today 40 SHARES! Is that possible? That's less than one cent. i wonder what the brokerage commission was?
from Monday: I think the volume of ERHC at 3 milrays was under $100!
from Monday: Anyone out there buy or sell ERHC at the very short time it hit 3 milrays. What was the volume at 3 milrays?
from monday: A new week and the share price of ERHC was bid 1 milray ask 2 milrays.
Although I have NOT forgiven PN/SO for what they did do to ERHC (or what they didn't do correctly), I do take "pity" on both of them. They do not have a glue and are hopeless.
how do you define survived? share price 1-2 milrays? PN/SO no longer being paid, no cash, no shares can be issued, no filings, no contact with the public? A PATHETIC SITUATION!
Less than $100 in trades today, but share price DOUBLES! Somebody is really making a killing here (LOL)
NOT EVEN A SMILEY FACE (how sad, actually pathetic)
Is this the week the company finally discloses its financials or discloses ANYTHING. Or just keeps the shareholders in the dark wondering if the company is still in existence? My guess, we get NOTHING!
I guess you missed those fleeing minutes when ERHC hit 3 milrays. Maybe your sell order was for more shares than anyone wanted to buy at 2 or 3 milrays. Volume is usually under $10k every day.
Ps: middy, I ask the same question (why ERHC’s Management is still in place) at the bottom of EVERY one of my posts!
the share price is back to 1 milray. it looks like another opportunity to buy at one and sell at two! although, you might be lucky enough to unload $100 worth of shares at 3 if you wait several months, but may miss the sure double by selling at 2. if anyone makes more than a few hundred dollars trading this ERHC please let me know. i can't be bothered with these low dollar trades, not worth the time or effort.
although i hate to admit it, i bought 40,000 shares of ERHC at $0.90/share way back when (pre-split) I was so excited about the assets and the upcoming drilling of 6 wells in the JDZ. This $36,000 investment was one of many shares I purchased in ERH ( also pre-split). This $36,000 investment is now as of today, worth $0.08 and that's a fact. Maybe I should have bought Apple and now have close to a million dollars instead of 8 cents. What was I thinking?
So if one invested $10,000 at Erhc’s high that investment today would be worth about a dollar? That makes it one of the worst possible investments you can imagine. How has the same management team remained in place as it has completely destroyed shareholder value?
What was the volume at 3 milrays? I bet under $100!
Anyone buy or sell at the very short time it hit 3 milrays?
A new week and the share price is bid 1 milray ask 2 milrays.
Oldoil, it is not correct to refer ERHC's share price is in the "2s", the share price has been 2 milrays, When you refer to the 2s, it infers the range of $2.00 to $2.99. Milrays do not have a range like that since there is no lower monetary unit for US currency then the milray. Please refer to the share price correctly as 2 milrays, with the possibility of going to 3 milrays, although it is far more likely the share price will return to one milray then go to 3 morays. the share price cannot go lower than one milray as that is the lowest reportable price on the pink slips.
If there is a libel suit as SO indicates, there would be public records of such a case. LOVEME, can you prove it?
Many here that have been around for ~10 yrs and invested 10s if not 100s of thousands of dollars and now know an awful lot about Erhc.
It is likely those ERHC shares have not been sold because investors want to see the final outcome of this tragedy and have every right to comment on this board as their knowledge is priceless. EVERYONE should listen carefully, even if it may be negative about erhc’s future.
You state: “the enormous buying from SO and PN's friends, relatives and supporters who also flooded the market during the Insurance buying?“
If any of those listed bought “insurance”, whatever price they paid is likely far greater than the present price. This would likely lead to a very Disgruntled group of friends relatives and supporters who are probably no longer talking with SO/PN. Can you blame them for poor the advice to dump money into this nearly worthless stock From of those two losers? Maybe a lynching is more appropriate?
For the past year, less than $10K was sold at 2 milrays, while much much more was purchased at that price. IMO. selling at 2 milrays is the best price one will ever get.
I sold 75% of my shares at 4 cents about 2 years ago and I am VERY happy I did as the remaining shares are worth 2 milrays (1/200 of the 4 cent price I sold at). I do not foresee being able to offset those losses in ERHC with gains for the rest of my life and I have a lot of investment real estate equity in several properties.
luvme, at what price would you sell?
buc'61, your $10.000 investment in ERHC would now be worth ~2 cents. (from someone whose been there). the company is presently on life support with no doctors in sight.
ps: it costs more to sell the shares than their value, so unless you have gains to offset, there is no reason to sell ones shares. Most here hang around waiting for the funeral.
sounds backwards to me!