Saturday, March 28, 2015 9:35:37 AM
I watched a gold mining stock go through this same cycle of toxic financing, dilution, reverse splits, and false hopes. Currently, it's selling at .0001, has an IRS lien against it, $8,000.00 in the bank, and has gone through 49 million dollars with nothing to show for it. ERHE isn't as bad off as that, but it could be heading in that direction.
The money that people put into this originally has already been spent and is long gone. You cannot protect against an original investment that has already gone belly up. The question of putting more money into ERHE should be based on the current circumstances not on the false premise of protecting (insuring) one's original investment. Right now ERHE has to come up with enough money to pay for drilling a well and so far hasn't. Selling assets, dilution and toxic financing seem to be the current options. I'd base any decision to buy based on those facts. \V/_
Recent ERHE News
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/06/2024 07:31:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 09:06:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/28/2023 05:35:35 PM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
Avant Technologies to Implement AI-Empowered, Zero Trust Architecture in Its Data Centers • AVAI • Apr 29, 2024 8:00 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM