Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
If SEO & Management Had Really, Really, Really, Loaded The Boat, I For One Would Think The Share Price Decline Was Done On Purpose. And if enough shareholders felt the same way, then there might be a law suit. I'm comfortable the way it is.
$.10 To $.30 Pre (close to) Drilling
Sorry About The Way You Feel. I was explaining why people THINK June 16th will be A KABOOM DAY. The whole thing is SPECULATIVE. No one knows if it will be a Kaboon day or not. I was just pointing out the general OPINION of some, and your OPINION/words just happened to fit. Everything on theses boards are OPINION, I wasn't trying to SPIN anything.
the (6 month) MOU for right of first refusal on their STP-EEZ block, which expires June 16, will not expire without an agreement. (Borrowed from Tryoty)
the (6 month) MOU for right of first refusal on their STP-EEZ block, which expires June 16, will not expire without an agreement. (Borrowed from Tryoty)
Best $500 You Ever Spent. Welcome aboard.
If There's Any Good News, It Would Be Pretty Dumb To Release After The Bell On A Friday. Any excitment would die down by Monday.
Someone Bought 110,000,000 Shares ($55,000) Today. Just seems to me, that purchase would make more sense coming from a buyer who knows the score/future, and less likely coming from someone taking a chance/gamble on a stock that seems to be going down the tubes, headed for a R/S or Bankrupcy
Someone Bought 110,000,000 Shares ($55,000) Today. Can't prove it, nor is this an argument between us. Just seems to me, that purchase would make more sence coming from a buyer who knows the score/future, and less likely coming from someone taking a chance/gamble on a stock that seems to be going down the tubes.
Could Be Lots Of Smaller Buyers.
Also someone said one needs to know the # of shares before they can know if they reached the 5% limit.
The Biggest Question Before Us Is, Who's Buying? 3 Billion Shares sold/traded in the last 3 months. So who's buying? Fools or people in the know? The fact is our shares don't just sit there for sale, they are being gobbled up. My feelings are; this has always been a low volume stock & now Billions are being traded. Sure the price is low and some are buying insurance, but with the fear of going belly up and/or a R/S I just don't think we have enough "Fools" to buy up 3 B Shares. I must conclude there are "people in know" buying this stock. Which leads me to futher conclude there will be no R/S. People in the know wouldn't be gobbling up shares if there was a R/S in the future.
The Biggest Question Before Us Is, Who's Buying? 3 Billion Shares sold/traded in the last 3 months. So who's buying? Fools or people in the know? The fact is our shares don't just sit there for sale, they are being gobbled up. My feelings are; this has always been a low volume stock & now Billions are being traded. Sure the price is low and some are buying insurance, but with the fear of going belly up and/or a R/S I just don't think we have enough "Fools" to buy up 3 B Shares. I must conclude there are "people in know" buying this stock. Which leads me to futher conclude there will be no R/S. People in the know wouldn't be gobbling up shares if there was a R/S in the future.
Fun With Math
Let's say there is 1 B shares & Offer owns 40%
Let's say Offer wants $10 per share
$10. X 400,000,000 shares = $4,000,000,000
But buyout company doesn't really want to pay $10 B for ERHE
So we triple the # of shares (to 3B) and give them away for free ($.0004)
Offer triples his shares. 800,000,000 X $.0004 = $320,000
The buyout company gets/buys 1/3 of ERHE (shares) for almost free (1B X $.0004 = $400,000)
Then oil is provin
Since we trippled the # of shares (& Offer trippled his shares) the buyout company only has to pay $3.33 per share. And Offer still gets his 4 Billion Dollars. And since the buyout company owns 1B shares, they have effectivly cut their buyout cost from $10B down to $6.66B
I Wonder Exactly How This Will Work....
Julius Math Correction...
My Math
Most people don't work 52 weeks (because of vacation).
So $236 K / 50 Weeks = $4720. per week. $4720 / 5 work days per week = $944 per day.
1,400,000,000 X $.0007 = $980,000 = Total Value of Company
I Love The Way Very Large Buys Brings The Price DOWN. Oh you want over 5 M. Shares? Sure we'll come down to YOUR price.
Price Was @ $.002 When He Made The Loan.
Exceo, Same For Me Also.
CEPSA is going straight to drilling without going to 3D.
CEPSA is already hiring people to be in charge of drilling. They will be drilling 1st Q 2016
$2,000 now can be worth $500,000 when oil starts pumping.
Dig, YES... ERHE Closed @ 0.0017 Up 0.00073 (75.26%)
Shares Traded 25,691,875
i Hub didn't work today
Looks Like We Might All Be Meeting In An Las Vegas Alley & Pass Around A Bottle Of Thunderbird.
Going By Your Numbers 15% Of The Company Traded Hands Today.
I Believe This Is An Orchestrated Transfer Of Shares.
They came up with the plan to allowed themselves to print 3 Billion shares. Which at the time seemed way more than could ever be needed.
And now, at a time when ERHE seems to have a lot of thing about to come to fruition, Kenya, Chad, EEZ, The stock price is in the tank and these shares are hitting the market.
I think they know/have a good idea what they have. CEPSA is going straight to drilling without going to 3D.
CEPSA is already hiring people to be in charge of drilling. They will be drilling 1st Q 2016
½ Billion shares traded in the last few months. Yes shares are being dumped but these shares are also being bought up.
ERHE members have bought some. Offer has bought what, 125 Million? (So Far)
My main question is, Who is buying/scooping up all these shares? Price is low enough even poor friends of Offor. Poor people in Kenya, Kenya officials. Even the very poor can purchase a fair # of shares.
A year and ½ from now the very poor can be among the quite rich. $2,000 now can be worth $500,000 when oil starts pumping.
I Believe This Is An Orchestrated Transfer Of Shares.
They came up with the plan to allowed themselves to print 3 Billion shares. Which at the time seemed way more than could ever be needed.
And now, at a time when ERHE seems to have a lot of thing about to come to fruition, Kenya, Chad, EEZ, The stock price is in the tank and these shares are hitting the market.
I think they know/have a good idea what they have. CEPSA is going straight to drilling without going to 3D.
CEPSA is already hiring people to be in charge of drilling. They will be drilling 1st Q 2016
½ Billion shares traded in the last few months. Yes shares are being dumped but these shares are also being bought up.
ERHE members have bought some. Offer has bought what, 125 Million? (So Far)
My main question is, Who is buying/scooping up all these shares? Price is low enough even poor friends of Offor. Poor people in Kenya, Kenya officials. Even the very poor can purchase a fair # of shares.
A year and ½ from now the very poor can be among the quite rich. $2,000 now can be worth $500,000 when oil starts pumping.
Same Routine Everyday. Big buys come in at end of trading. I do think this is all about transfering shares.
OK, Who's Buying 12 Million Shares?????
Ruffly 5.5 Of Our Shares Traded In The Last 3 Days. Ruffly 50% has traded in the last 4 months. I haven't heard anyone on these boards saying they are selling out. IMHO this is manipulation getting ready for the big news (est. of oil in Kenya)
Offors' $250,000. Might Just Be A Show Of Force. Showing an enemy, I will back this company. I won't let it go Belly Up. I can do this every month if nesasary.
And/Or maybe he knows what's coming soon and all ERHE needed was $250,000 to get them to the point where the popcorn pops.
I'm Hoping Whoever Bought The 5M Shares Has Insider Information.
Wow! Who bought 5,000,000 shares?
Well That Put A Damper On Things
Thanks for the sharp eye.
The Bad News Is... It Cost $1060 For A 3 Month Sub.
The Good News Is, if you click on "See all the key words" ERHE is there. And there's more.
Scroll down and you'll see "Will EEZ Overshadow JDZ?" Click on "See all the key words" ERHE is there also.
"ERHC’s $100 million bet" is another article.
"How to revive a moribund JDZ" is another with ERHE
Hopefully something big this way comes.
Thanks Arnim
A Case For $300, $400 Oil
Oil: The New Insurance
By Jeff D. Opdyke, Editor of Profit Seeker
today's editor
At this point in world history, oil is as much an insurance policy as it is an investment.
In the January issue of The Sovereign Investor I made six predictions, one of which is that oil will hit $200 a barrel.
I will say now that my prediction was wrong.
It was too low.
Given the potential for certain events to unfold in certain ways, we could reach a point where the price of oil is no longer anchored to supply/demand fundamentals ... but fear. And in that world, oil could be $300, $400 … $500 a barrel.
Blame it all on the Islamic State.
More Than a Terrorist Movement
The Islamic State, or IS, is the single greatest threat in the world today. Bar none.
It is the reason you want to own oil stocks in your portfolio. Because if IS accomplishes what it clearly aims to do, you can put whatever price tag you want on a barrel of oil. Prices will soar, and with them energy sector stocks will soar. That makes them an insurance plan against IS aggression.
For months, I have been looking at IS as just another geopolitical issue for the world’s leaders to manage. But listening to President Obama earlier this week try to discredit IS as nothing more than a band of terrorists, I realized that he and I — and everyone who sees them as such — have been missing a much larger truth.
IS is not a terrorist movement, despite its heinous fear tactics. It’s purely a religious movement, pursuing a purely religious endgame: the recreation of Islam in its purest form.
With geopolitics, there is the opportunity for a negotiated settlement. Politicians tend to be logical and they see the world in shades of gray. They’re generally willing to work toward a solution acceptable to all parties, even in war.
Religious fundamentalists are not logical. They see the world in black and white, good and bad. You’re either with us or against us. They see no room for compromise, nor do they seek it, for doing so would be heretical. And that is especially true — and especially nettlesome — with IS.
For IS, compromise is, literally, apostasy. It implies a deviation from their beliefs about the world they seek to recreate in the name of the Prophet Mohamed. Though they use terror tactics, they are precisely following the word that Mohammed spelled out in the Koran. Modern Muslims might — and many do — take umbrage with that, but their displeasure does not change the fact that the Islam of Mohammed is a violent, misogynistic, warmongering religion that calls for the crucifixion of Islam’s enemies, the beheading of foes, the enslavement of girls for sexual purposes and a continual need to wage jihad in the name of Allah.
IS has said over and again, and quite unambiguously, that it seeks to return the world — not just Muslim lands, but the world — to the Islam of Mohammed through the reestablishment of a caliphate, or an Islamic empire. We can — and apparently politicians in D.C. do — discount this as the boisterous ramblings of a terrorist movement punching above its weight class.
That is an arrogant mistake.
IS is overtly verbalizing its game plan. It is IS telling the world, “This is our cause and we will not be diverted from it through negotiations with non-believers. We will revive Mohammed’s Islam, and we will bring about the apocalypse that ushers us, the true believers, into paradise.â€
That is a not a group of people open to a negotiated settlement.
They will do all that is possible in their effort to reclaim Islamic lands. And they will do all they can to thrust the world back into the 7th century, when Mohammed roamed the Muslim world and founded Islam. As part of their game plan, they are in pursuit of Arabian oil fields. They seek either control of those fields or, barring that, their destruction.
In Muslim lands, that will push economies back toward the 7th century. In Western lands, it will damage economies — possibly severely — that rely on oil for a modern lifestyle.
Invest in the Oil Patch Now
Will IS succeed?
Impossible to know. But it already controls Muslim land larger than the United Kingdom. And it is pulling in other terrorist groups as well as fanatical adherents from around the world — including Europe, the U.S., Canada and elsewhere — who have pledged allegiance to IS and its cause.
This is not a geopolitical chess match. It is a religious movement unwavering in it beliefs and its goals.
If they succeed in capturing more and larger Arabian oil fields, those who today believe oil is heading for $10 a barrel are going to look like fools. Those who own oil stocks as insurance against IS potentialities are going to see a handsome payoff as oil rockets unimaginably higher.
Buy Exxon. Buy Chevron. Buy Transocean. Buy Noble. Buy Diamond Offshore. Just buy something tied directly to the oil patch.
Or, If You're Going To Dollar Cost Average.
If you have a million shares at an average of say 15 cents...Cost was $150,000.
So take another $150,000, buying shares @ $.005 and you'll get 30,000,000 more shares. 31,000,000 cost of $300,000 = ave of $.00968 When stock reaches $.042 you'll have made a Million $ profit.
Do We Know How Many Shares Were Convertible Debt?
Thanks.
Krom: Using your numbers the 108M would be for 1 month. 326M for 3 months.