InvestorsHub Logo

ssc

Followers 39
Posts 14007
Boards Moderated 1
Alias Born 12/20/2006

ssc

Re: Krombacher post# 326855

Tuesday, 08/07/2018 9:01:46 AM

Tuesday, August 07, 2018 9:01:46 AM

Post# of 361418
If Offor is actually worth $5+ billion U.S. dollars (emphasis on "if"), one would have to wonder why long time shareholders would view him in any type of positive light. Considering that at a time when erhc needed just a few $million Offor refused to provide that financing and his refusal lead to the toxic convertible debt debacle that (1) wiped out all shareholder value, (2) created the need for a 1:100 r/s, (3) paved the way for issuing another 3 billion shares that are now virtually worthless, and (4) left the company still unable to pay its drilling debts and back taxes.

While Offor and PN might have some master plan to reincarnate erhc, they certainly haven't been the friend of all the investors who lost 99% of their investments.

One last thing to consider. The amount of cash erhc raised from the toxic convertible debt that wiped out almost all of its value is equal to less than 1/10 of 1% of Offor's alleged $5 billion. Anyone who saw their erhc investment wiped out by Offor's absence when the financing call was made and still view him as savior truly are existing in a new and very delusional paradigm.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent ERHE News