ERHC Energy Inc (ERHE)

[pinecat]

$200 at the end of the day green tape-painting and the stock jumps up another 10%, or an increase in market share of $760,000. When you look at money flow, this dip down was meaningless. When you look at the convertibles, this dip down was disastrous to the number of OS (probably!). When you look at how I'm now positioned, I bought up cheap convertible shares, a much greater % of the total OS shares (probably!) than I had before thanks to all the leg-work the converters did for me. I wonder about the strategy of ERHE taking convertibles from so many different sources and over time. One source/one time would have managed the share price to maximize their return, would have brought the SP down for the conversion period in an artificial way and then let it spring back up in a controlled release. With many loan sources over an extended period you have everyone trying to sell to cover which then drives the price down, rinse and repeat. They could have given one loan operation a 75% profit and it would have been so much better...
Congrats longs who signed up for more... waiting!