ERHC Energy Inc (ERHE)

[ssc]

Great post reconfirming the reasons that no one shorts a thinly traded penny stock when its price is already almost zero. The ridiculous claim that 1.5 billion erhe shares were shorted at 3/100 of a penny and lower makes no sense at all. Risk/reward prohibits such a trade. This totally unsubstantiated rumor about 1.5 billion shares shorted represents a potential maximum profit of $450,000 vs. an unlimited loss. Even if erhe rose to just 3 cents, that would be a loss of $45 million. No one takes on risk like that especially in penny stocks easily manipulated with false stories and pump and dump promotions.