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Sunday, May 24, 2020 4:45:11 AM
I can, we can, vividly remember what Warren Buffet said about the share price of (all) companies: "They tell you nothing about the company".
'Past Performance Is No Guarantee of Future Results'. Shorts desperately hang on to the past it seems. But what will happen when TOTAL starts drilling EEZ block 4? Even making an announcement regarding drilling? Just imagine that drilling is announced by TOTAL and ERHC still sits at 1/10th of a penny... how long could such a situation last? Years....or minutes?
I see the shorters mentioning ERHC's current share price a lot, but I never see them mentioning the rights ERHC still has, and the contract ERHC has with TOTAL...
I think Warren Buffett would say, in general, that looking at the current share price of a company, is not 'investing'.
But I can guarantee the shorters this: until news comes out, no substantial amounts of volume will be seen.
Remember: the entity or person(s) that paid for, and invested time into the 400 plus pages of litigation regarding just EEZ block 4 is probably (lol) not impressed or daunted by the remarks that shorters make about ERHC's current share price (if they would even take the time to read this BS, which they don't of course).
Isn't this quote of mine a Slam Dunk 'reality check' for shorters and other 'non-stakeholders'? Can we assume that this entity or person(s) went through all this legal 'hassle' just to go for a 100% gain in ERHC's share price?
Ha... Ha... Ha...
Years ago ERHC's bankruptcy was mentioned a lot by shorters (we can look that up, easily), these days it hasn't been mentioned anymore. Why is that?
Ha... Ha... Ha...
The Doctor.
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