The Biggest "Fake" Story Lines going around is ERHE sold for $90.00 a share at one time by claiming the 100 to 1 Reverse Split reflex this Falsehood.
ERHE sold for $6.52 back in the day when the Bass family own the Company and a little over 2.2 million share were outstanding, this is a FACT.
ERHE sold for $1.00 a share back in 2006 when 742 million shares were outstanding. Fact
ERHE sold for .90 a share back in 2009 with about 746 million shares outstanding and the market cap was about $671 million. Fact
When the drilling results proved less than Stellar, the stock sold off and by the time the 100 to 1 Reverse Split could take place in January 15 2016, ERHE was selling for about .001 and after the split ERHE was selling for .10 cent a share with a $3 million market capitalization, thus $668 million in market capitalization had disappeared long before the 100 to 1 Reverse Split could take place. As investors left in large numbers, so did the their money. Fact
So one can see that management is not entirely to blame, but very poor drilling results by a Deepwater Green Horn named SNP.
Please conduct your own research in case I am Mistaken.
Sneak-attack
