ERHC Energy Inc (ERHE)

[manuel06]

Responding to post 300849
sorry Manti...responding to midtier.

Midtier, IMO, it is firstly the oil glut that had/has ripped through the majority of oil companies. Sure you might find a few examples that were not hurt like most, as well as the Large Oil companies who can weather the storm and bounce back more easily. Next of course combine that with toxic financing and a management that didn't seem educated enough in that department to understand what the ramifications were/are to the SP and Shareholders who are now extremely angry at them for THAT. Both scenarios are valid and the combination has left many smaller companies struggling to survive. We can only hope that ERHC can last till toxic financing runs out and maybe the price of oil returns to levels that will heal.
that being said I too have averaged down in hope to succeed more quickly when/if there is a turn around. Selling for pennies is not a good financial decision for me. As we all know we are gambling with the OTC/PINKS and so I remain a gambler not a constant complainer...even though there is justification for that sentiment, but, not 24/7 as you can see what good that has done.
cheers...and new material would be much appreciated.
TIA
Baz