Thursday, September 20, 2018 9:30:23 AM
With a price of .0001 and management sitting in the dark and not even willing to make stuff up, the use of the word surviving is questionable.
Yes it has been 3 years since the last r/s, and since then erhc has once again maxed out its 3 billion authorized shares, wiped out virtually all shareholder value for a 2nd time, sits with no cash, no shares to issue and nothing being done to justify any more than a .0001 price (forget the aberrations that occasionally attract buyers at .0002 for very short periods of time). To begin operating again they need cash; to raise cash they need stock; r/s or turning out the lights for good seem very likely.
To say that Offor presumably owns as big a percentage of erhc as he did in the past is disingenuous. There is no proof that this is very likely. It is only another alternate fact circulated in a circle of alternate facts by a handful of deeply in the red circlers.
Regarding your made up scenario of shortsellers scrambling to cover and boiling like frogs, just look at the average daily volume and average daily dollar volume and the fact is there is very little buying or selling of erhe stock going on by anyone.
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