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Re: None

Sunday, 04/19/2015 12:21:15 PM

Sunday, April 19, 2015 12:21:15 PM

Post# of 361105
As I previously stated, PN should have diversified with the $50 million for land based assets, not 5 years later when ERHE had only 2-3 million remaining in liquid assets.

That was a terrible decision.

He should have reduced spending as soon as Cepsa announced Spring 2016 as the drilling period.

That was a terrible decision.

That decision led to his even worse decision to get involved with the CDs.

And that decision led to the dilution and share value, another terrible decision which was a compounded terrible decision.

Offor and PN are not the same as the common shareholder.PN has invested shareholder money /his paycheck into ERHE, not his own money.Offor took out his personal money out of ERHE 10 years ago. His only shares are as a result of Offor giving Offor shares when he was CEO. Offor will do great as shareholders will suffer, reagardless of the common shareholder losing everything potentially.

To bundle Offor and PN in the same boat as the common shareholder is an error