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Explore small cap ideas before they hit the headlines.
Explore small cap ideas before they hit the headlines.
All the self-proclaimed dbmm bulls, yet not enough buying interest to even get this out of the triple zeros. Facts are undeniable. Even at $.0008, most days have zero volume and the largest trading day in the last month saw $1,600 worth of trading volume. So why aren't the bulls buying non-stop at prices less than a penny? Not even at prices less than 1/10 of a penny? Those pesky facts lmao.
dbmm won't do a rights offering because the amount of cash raised would be small and it would be embarrassing to see just how many shareholders refuse to participate. Regarding the latest "idea" - direct registering (0 for 3 wasn't bad enough lmao), hypothetically speaking, if a small group of shareholders led by the company's largest shareholder owned close to 2/3 of the dbmm shares and decided to direct register, would that be considered "a meaningful fraction of the real float"? Would it be worth doing as a probe or possibly a catalyst to a short squeeze? Might it produce results that the ridiculous preferred share dividend or rights offering could not? Or is it all just more bot rot?
Let's see:
Promoting false rumors about billions of naked short shares.
Pushing a preferred share dividend nonsense for a triple zero stock.
Proposing a rights offering that at best wouldn't raise enough capital to cover a few months of expenses.
Ridiculous ideas like that are like leading a horse to a pile of bullshit and wondering why the horse won't eat it. Pathetically, dbmm isn't the first naked short, preferred dividend rodeo. Rights offering is a new addition but probably the most ludicrous idea yet.
As expected, the new rights offering "idea" has as much value and credibility as the naked short seller bs and the preferred share dividend nonsense, in other words zero.
Got it. Still hard to understand why erhc let it all slip away, especially since "billionaire" Offor should have easily been able to help get the taxes paid. It all shines a bright spotlight on Ntephe and his complete failure to execute his fiduciary duties to erhe shareholders even though he continues to pretend to be a ceo at conferences and interviews while hiding the truth about erhc since 2017.
Curious why you classify erhc's rights to EEZ block 4 as "uncertain". In all recent mentions of block 4 erhc is conspicuously not included. What reasons to believe that erhc has not either given up their block 4 rights or they were just taken away?
Another good find kingpin. Quite a list of players there:
Current active companies in the archipelago—including Shell, TotalEnergies, Petrobras, Galp Energia, Kosmos Energy, and Oando—are eyeing these blocks, alongside new entrants
My mistake. I thought that somehow this rights offering "idea" was somehow going to clear up the naked short seller and preferred share dividend nonsense and I was simply pointing out the lack of incentive for much participation. Now I see this was just another session of bot rot for the sake of nothing useful. I'm sure more "ideas" will follow.
So what is the incentive for shareholders to throw good money after bad and buy more of this triple zero stock via this rights offering you concocted? The "opportunity" to fund this piece of crap, knowing that once the "modest dollars" raised are used up (in a few months, probably sooner) it's right back to the toxic debt financing and more dilution. It will come as no surprise if dbmm will not be doing a rights offering just like they won't be issuing a preferred share dividend. What will you and your bot come up with next?
Can you or your bot show everyone an example of "a rights offering that incentivizes registered-holder participation", one that would motivate those stuck with triple zero dbmm shares to double their positions, knowing they are being diluted by 100%, and knowing the amount of funds raised won't even be enough to pay dbmm's interest expenses for a year and will be burned up in no time?
Are you really suggesting "A rights offering that distributes to existing shareholders the right to buy additional shares, usually at a discount". A rights offering with the current bid price at $.0006? A rights offering where even if every shareholder participated at the 100% level with a discounted price of $.0005 and 865 million shares outstanding the total fund raise would be less than $500,000? That's $500,000 which is less than dbmm loses/year and less than dbmm's total interest expense/year? And this is making the asinine assumption that every shareholder wants to double their position in this triple zero, long time loser.
This is the best you can come up with to replace the ridiculous naked Canadian short sellers, preferred share dividend bs? "Worth a read" must be your version of humor.
Some people specialize in moot points and arguments without facts to back them up. Some people obsess over naked short selling and preferred share dividends even though they exist only in a delusional, make believe world. Some people can't grasp the concept of not shorting a stock near zero and holding for years and years. Some people just can't seem to learn from past failures while attempting to promote the same baseless claims about other stocks. dbmm stock chart is the kryptonite to all that made up nonsense along with management failing to ever mention any type of short selling manipulation or negative affect on the share price.
Awesome posts completely debunking the desperate and deceitful "preferred share dividend" and naked short selling without any evidence nonsense. Your facts vs. zero credibility krombacher bs make it clear just how ludicrous his entire argument is.
"I've put my credibility on the table." lmao. Can't put what you don't have.
My recent posts are discussing a person who I believe is posting falsehoods about dbmm naked short sellers and his desire to find out whether or not they exist. The facts I reference showing that person's baseless claims, false rumors and outright lies about naked short selling and preferred share dividends in another stock is critical information for all dbmm investors as they attempt to evaluate what that person posts here and is absolutely on topic. Attempts to say otherwise are misleading and deceptive The fact that person owns 400 million shares in that other company and controls a small group of investors that owns more than 2/3 of the shares in that company yet did nothing to validate or debunk the naked short selling rumors spread there speaks volumes about what he is posting about dbmm.
I believe my post was on topic, as it provided valuable insight into the person who is repeatedly promoting his preferred share dividend nonsense to dbmm shareholders. The proven fact that he tried this same ruse with a different stock that also remains in the triple zeros is quite relevant here. When I see recent claims that he wants the dbmm naked short share situation put to bed, history says don't believe him. Here's the real tell. As leader of a small group of investors that together owns 2/3 of all the shares of a company, krombacher could have easily forced that company's management to implement his preferred share dividend and clear up the naked short issue he claimed existed; or at least he could have forced them to publicly address it. Instead he and his group sat in silence and shares of that company sit at $.0002. So don't be fooled by krombacher bullshit that he wants dbmm naked short claims addressed and put to bed once and for all. Instead learn from his documented words and actions as he pushed the same crap about a different company but even with the controlling interest did nothing about it.
From my own personal experience, I can tell you John Bay is a scam artist masquerading as a ceo. How many other shells? Too many.
Here's the real tell. As owner of 400 million erhe shares and leader of a small group of investors that together owns 2/3 of all erhe shares, krombacher could have easily forced erhe management to implement his preferred share dividend and clear up the naked short issue; or at least he could have forced them to publicly address it. Instead he and his group sat in silence and erhe shares sit at $.0002. So don't be fooled by krombacher bullshit that he wants dbmm naked short claims addressed and put to bed once and for all. Instead learn from his documented words and actions as he pushed the same crap about erhe but even with the controlling interest did nothing about it.
krombacher, who self-identified as guerguerian dickran and largest shareholder of erhe stock, ran this entire naked short seller ruse for years claiming 2 billion or more erhe shares were short and promising dividends, buyouts and a naked short driven short squeeze that would take erhe share price to $8. Eventually, after thousands of false rumors, baseless claims, and outright lies, he left the erhe board in embarrassment as the stock remained in triple zeros for years and years. Near the end of that time, he introduced the "preferred share dividend" bs which of course had absolutely no affect on the share price.
Now I see krombacher trying to run the same nonsense about dbmm but fortunately others here easily see thru his falsehoods. Here's the real tell. As owner of 400 million erhe shares and leader of a small group of investors that together owns 2/3 of all erhe shares, krombacher could have easily forced erhe management to implement his preferred share dividend and clear up the naked short issue; or at least he could have forced them to publicly address it. Instead he and his group sat in silence and erhe shares sit at $.0002. So don't be fooled by krombacher claims that he wants dbmm naked short claims addressed and put to bed once and for all. Instead learn from his documented words and actions as he pushed the same crap about erhe but even with the controlling interest did nothing about it.
Sadly and disgracefully, that paragraph sounds a lot like the false and misleading info that still appears on erhc's website. And apparently ntephe is still pretending to be a real ceo at these conferences in Africa. It would be interesting to hear how he "shares insights into these projects". Maybe a history of what not to do.
From erhc.com:
ERHC Energy's operations are focused on Sub Saharan Africa. It holds onshore oil and gas exploration interests in Chad and Kenya as well as deepwater interests in the Gulf of Guinea. Operations include the following:
Republic of Chad
Republic of Kenya
São Tomé & Principe’s Exclusive Economic Zone (EEZ)
Reality check: Once a quasi legitimate company, now a deadbeat, non-reporting, triple zero, Caveat Emptor shell with scam ceo and board that hasn't communicated with shareholders for more than 8 years. Add to that the largest shareholder (close to 400 million shares) and proven liar who created and promoted thousands of baseless lies, false rumors and outright lies while convincing small group of investors to keep buying from pre reverse split $.01 to near zero as they accumulated more than 2 billion erhe shares and who now cowers in silence and humiliation after being publicly exposed and debunked by the facts.
Some other interesting facts:
If you had 1 share certificate for each share and you stacked up 400 million of them, the pile would be about 4 1/2 times the height of Mt. Everest.
1 sheet of paper is worth 50 to 100 times the value of 1 erhe share.
"Good news" for erhc? Hasn't been any for more than a decade other than the 2 or 3 falsehood driven, short lived pump and dump campaigns. And dickran "dollars/share bs? Despicable, deceitful nonsense.
Any of this have anything to do with erhc? Or are you just pointing out the type of things that might have happened if erhc management had not lost the rights to EEZ block 4?
You ask good questions but this guy is clearly a lying troll. Haven't you noticed how the loudest empty barrels stuck with erhe shares just happened to buy them all at $.0001 (except for honest oldoil). Time for me to add him to the ignore list with all the others just like him that had nothing of value to say.
50 million at $.0001 lmao. Amazing how everyone who owns erhe claims to have an average price of $.0001, of course we all know that is not possible. All good, as erhe longs led by dickran are well known for their aversion to the truth and the facts. Apparently too dumb to unload when erhe ran over a penny and now hopelessly stuck. Seems like the only one who admits to being under water is poor old oil. At least he is honest about it, though apparently still clinging to totally delusional dollars/share price fantasies.
Bragging about holding large erhe position - priceless. Literally.
Looks like you are busy monitoring this board all day Sunday, yet still afraid to acknowledge your stuck position in erhe. To check my credibility, just look at erhe stock price, volume, and price history all the way down from $70 to current near zero. Ask those who were sucked in on the way up during the last pump and dump and are now stuck with worthless shares about making money in the market. Consider how close erhe has gotten to $8/share or even a dollar as promised by the likes of your cowardly leader, then reevaluate how much the role of those who post the truth has mattered.
Hope you enjoyed your weekend trying to troll those who post the the truth while ignoring erhc management and how they have completely screwed shareholders. If this is how you try to make money, hope you have a good side gig.
Though you are too afraid to answer questions, I am not.
Have I been successful in advising people to consider the facts about erhc when making investment decisions and avoid the baseless claims, false rumors and outright lies promoted by those stuck with more than 2 billion shares? As always I say look at the stock price, look at the chart since I first said avoid erhe at split adjusted $70 and continued to say that all the way down to current level near zero. Look at the volume now at $.0002 - difficult to find any.
How is it possible that a total of a million dollars changed hands in the latest pump and dump based on false rumors about oil tankers going to block 10 and lucrative erhc partnerships? Even an eggplant would understand that there are other vehicles to spread false rumors besides ihub. Even an eggplant sees how some group started buying at the low end, created attention grabbing volume to attract gullible lottery winner wannabes, and then dumped all the way up and back down from 2 cents.
How successful is the execution of my incentive? Latest move topped out with tiny volume at 2 cents and then quickly returned to triple zeros where stock has resided for more than 8 years. Sorry for those who got sucked in yet again. Sounds like you are one of them. I'll let those facts speak for themselves.
You don't have to answer any "counter questions", your fear and refusal to address provide all the answers required. Regarding this stock, it really sucks to be stuck. Message to your leader - checkmate lmao.
I'll ask the same question I asked the last time you attacked those who post the truth about erhc:
How many shares are you stuck with or are you one of the "folks without shares" who keep posting here?
While you may claim the stock is over, just a few months ago we watched a well-orchestrated pump and dump with the most gullible paying up to 2 cents/share. Fortunately the volume was small and the stock quickly returned to near zero where it has resided for more than 8 years before too many people got burned as the truth and facts about erhc once again beat back the liars and manipulators.
For all the AI fans out there, I asked a simple question: How did erhc lose its rights to STP block 4? I got the following response:
AI Overview
ERHC Energy lost its rights to Block 4 in the São Tomé and Príncipe (STP) Exclusive Economic Zone (EEZ) following a "debilitating" legal battle and arbitration with Kosmos Energy, which left the junior oil company in a vulnerable position and forced it to renounce its claims.
The loss of rights was driven by the following factors:
Arbitration and Litigation: Kosmos Energy filed for arbitration in October 2017, accusing ERHC of attempting to unlawfully breach a deal to transfer Block 4 rights and instead trying to sign a revised Production Sharing Contract (PSC) with the Agência Nacional do Petróleo de São Tomé e Príncipe (ANP-STP).
Failed Deal with Total: The conflict arose when ERHC was in negotiations to sign a more favorable agreement with French major Total, despite having previously agreed to assign the permit to Kosmos.
Contractual Disputes and Financial Issues: ERHC faced significant tax arrears on the block, and the legal battle resulted in a restraining order preventing them from selling rights to third parties.
Following the, protracted legal disputes, ERHC appears to have renounced its claim, allowing the ANP-STP to seek a new operator for the block.
How many shares are you stuck with or are you one of the "folks without shares" who keep posting here?
While you may claim the stock is over, just a few months ago we watched a well-orchestrated pump and dump with the most gullible paying up to 2 cents/share. Fortunately the volume was small and the stock quickly returned to near zero where it has resided for more than 8 years before too many people got burned as the truth and facts about erhc once again beat back the liars and manipulators.
erhe's largest shareholder is still stuck with 400 million worthless shares. Tired of the endless embarrassment, humiliation, public debunking and absolute butt kicking regarding thousands of baseless claims, false rumors and outright lies about erhc, it appears dickran took his/her naked short, preferred stock dividend sideshow to another triple zero loser.
How would the chatbots sum it up: "Pathological liars rarely admit they are wrong, even when confronted with undeniable evidence. Their lies are often impulsive or compulsive, driven by a need for attention or manipulation, leading them to deny, twist facts, or fabricate new stories rather than admit to falsehoods."
I see erhe's largest shareholder is now pumping his/her "preferred share dividend" on a different ihub stock board. Of course he/she no longer mentions it here because the move to 2 cents produced none of the promised margin call panic, no $8/share epic short squeeze, not even 8 cents - only more proof that all of dickran's claims about naked erhe short selling were nothing but baseless falsehoods. Still stuck with 400 million erhe shares and unable to admit being wrong, the Canadian short seller dickran scam is now on display for another triple zero loser after incurring huge 6 figure losses in erhe.
To what do you credit your steadfast bullish stance on a stock that has resided near zero for more than 8 years. Are you still consuming a steady diet of dickran, dr. gus fake insider info at $100 a pop?
Everyone knows dickran's years of trying to promote nonsense about billions of shorted erhe shares, Offor owning half or even all the shares and $8 epic short squeeze were nothing but false rumors, baseless claims and outright lies. If his/her cowardly disappearance from any further attempts to defend this bs wasn't enough, the lack late last year of any short squeeze, margin calls, or ability to rise above 2 cents put the final nail in the naked erhe short selling coffin.
The stock sits near zero, volume also near zero, and any type of support or transparency from erhc management simply does not exist. CEO Ntephe should be taken to task for this, but the small group of investors controlling close to 2/3 of the erhe shares apparently have decided it's better to wait and hope for a miracle pump and dump campaign than to demand erhc management performs its fiduciary duty. Sadly, those shareholders seem to know that the truth about this company is their enemy.
I saw 11 new posts and thought something meaningful related to erhc might have happened. Silly me, it was all just the same old meaningless jibber jabber questioning why people post here. Obviously there is nothing going on with erhc as a company, as it has been for more than 8 years.
Makes me realize how much I miss the long winded, logically flawed, void of truth, greed and hubris driven claims from erhc's largest shareholder. I actually came to enjoy exposing and debunking those desperate bullish "speculations" from the self-professed genius, and the share price backed me up at every turn. dickran finally ran out of lies about everything from gag orders to libel suits to transfer agents to done deals to African Queens to billions of naked short shares to $8/share epic short squeezes to dividends to insider "gus bus" info and everything in between. Or at least he/she no longer tries to promote the "billionaire maker" nonsense here and condolences to anyone who is now stuck holding erhe shares purchased above a penny during the last pump and dump.
The big tell was dickran throwing in the towel after years of creating and promoting one false bullish erhe claim after another. I guess the public embarrassment of all his/her bullish bullshit being debunked again and again finally took its toll. While someone like that deserves the huge erhe losses incurred, I feel bad for the gullible minions who threw money at this solely because they believed dickran's "done buyout deal", "buy of a lifetime", epic $8/share short squeeze" falsehoods. One might ask how could people have actually believed those stories. But when the largest shareholder of a company puts forth such a huge effort, obfuscates the facts with exaggerated gag order nonsense, swears an African Queen will save the day, promises erhe dividends, writes manifestos about naked short selling to support his/her assertions of billions of shorted erhe shares, and tops it off with claims of being"on a mission for God", I guess its understandable that the most vulnerable could get sucked in.
Maybe there will be more opportunities to unload for a penny or two like the lucky ones who got out late last year. But those waiting for dollars/share will likely be erhe shareholders for life. Truth be told, there isn't really anyone left who believes those short squeeze, done deal buyout tales, only a few who refuse to face the truth.
Above all that, shame on Ntephe for not having the courage and integrity to face erhc shareholders and tell them the facts about their company, instead choosing to play the role of ceo at seminars and trade shows while ignoring the fiduciary duties required by the leader of a publicly traded U.S. company for more than 8 years.
Hard to dump 400 million shares when total volume even during the latest pump and dump was less than 200 million and members of the stuck small group holding close to 2 billion erhe shares were desperately trying to dump as well. We also know that dickran reported his huge erhe holdings to the SEC as required, and the law requires anyone with a position that large to disclose any changes in ownership within a few days. No such disclosures have appeared, and while dickran is a proven liar, it is doubtful he/she would flagrantly violate SEC regulations that say the following regarding anyone with 10% ownership:
SEC Form 4 (Statement of Changes in Beneficial Ownership): Any change in ownership (purchase, sale, or transfer) must be reported within two business days.
Wow, just looked at dickran's latest post ( well the first few hundred words of it lol). Amazing the number of words that can be assembled using a chatbot these days. Sadly all posted in a memo to him/herself that didn't even generate a serious reply other than to point out the 90% losses incurred on yet another stock. Although dickran just can't let go of the naked shorting obsession, he/she can't really post about it here since the move in December showed no short squeeze, no margin call panicked covering, and of course no move to $8 lmao. Apparently been busy since September trying to conjure up some type of excuse for all his/her baseless claims, false rumors and outright lies about erhc over the years. Sad that this memo to dickran is the best he/she came up with. At least it's better than the "secret done deal" or the "oil tanker rushing to block 10 to collect oil that was found there" stories.
The ridiculous thing is trying to blame naked shorting for the erhe stock price near zero when management has done nothing to support it for more than 8 years. No deals reported, no partnerships, no SEC required filings, no insider buying, nothing to get off the Caveat Emptor list, apparent loss of block 4 rights - in short absolutely nothing to show its shares are worth more than triple zeros. They seem to be quite happy with close to 3 billion shares out there with a price near zero and resolved to let it stay that way while a handful of stuck "investors" just can't seem to.
You fail to accept the fact that erhc is not mentioned in any of those publicly stated comments about block 4 or that it has been well documented that erhc no longer has rights to that block. It's those big things that are conveniently "forgotten" by the stuck group of 70 holders of erhc...Nothing to smile about there.
Good one oldie. Too bad no one will let you out, out of losing erhe positions that is. At least you're not alone. No one waiting for dollars/share will ever get out. But your group already knows that. Look at how they scrambled like rats on a sinking ship to get out when erhe briefly traded over a penny. Hope you managed to sell some. Always nice chatting with you.
Still clinging to block 4, even though it's gone. As the last defender of the "billionaire maker", can't your group at least feed you some fresh bs to hang your hat on?
This stock usually sells off after news, but I'm thinking $4 is a good entry point.