Suggestion for the Board Here: STOP THE R/S BS!
The banter about reverse splits is purely a waste of energy and quite possibly a hindrance to the share price movement of your investment.
All this talk about R/S simply started because Meridian had an 'OPINION' that ERHE should move to the AIM AND that the AIM recommends fewer than 500 million shares. Meridian himself said multiple times that this is all his opinion UNLIKE the facts he has provided this board regarding the details of the PSC's and JOA's.
Everyone has an opinion about R/S's and right now it is completely a NON ISSUE. Until the company comes out with a PR regarding future plans where it might make sense (long-term) to do a R/S, all this R/S talk is detracting from the real news that every true investor here has been waiting for.
I would almost rather see the blatant BS that Mongo spews all over these boards than to see a bunch of once respectable, speculative investors argue over the topic of R/S for which they truly have no control over. That is right, regardless of your opinion, and even though we are all "part owners" of this company by owning stock. A majority is held by Offor/Chrome/Insiders and therefore if they feel it is in the best interest of their investment, they can go down that path. If and when that happens, we can all make our decision THEN whether it is good, bad or indifferent to the short or long term value of our holdings. So far, I like what Offor has done leading this company. I don't think he would do something to make his $300 to $500 million-dollar investment go down. If they decide to go down that path in the future, I would think there would be some very good reasons behind it and I am guessing they would have a well thought out plan to minimize the negative impact (like doing it as a step to move to another exchange).
Now please, please, please end the discussion of R/S's. Talk about Oil, or contracts or 8K's or PR's or JOA's or EEZ or March Madness......
Ok, stepping down from my soapbox. Happy St. Patrick's Day tomorrow.
Strategyone
