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Friday, May 29, 2020 6:08:43 AM
"Even the slightest move up is met with sellers anxious to dump before the stock can get above $.001."
I think not every ERHC shorter and/or non-stakeholder has memorized this quote by now:
I explain that: the entity or person(s) that paid for, and invested time into the 400+ pages of litigation regarding just EEZ block 4 alone, probably (understatement of the millenium) has the majority of the ERHC shares already. Otherwise it would not have been worthwhile for this insider to start and fight this lengthy court-process. ERHC would have simply filed for bankruptcy.
"The challenge is finding a way to unload hundreds of millions of shares of a stock no one wants, not even in the triple zeros."
Krombacher owns 10%. The other 90% is held by others, with a huge majority owned by the entity that funded and put time & effort in the courtcase trajectory, which is now in a final stage.
"Even the slightest move up is met with sellers anxious to dump before the stock can get above $.001"
Really? Does that make sense? Anxious sellers? OMG.
Like I said before: shorters and longs will have to wait until news comes out. For longs this is far from a problem. I get the impression that shorters prefer not to wait for news, from TOTAL for instance. And that is probably an understatement...
The Doctor (of common sense)
Recent ERHE News
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/06/2024 07:31:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 09:06:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/28/2023 05:35:35 PM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM