ERHC Energy Inc (ERHE)

[badog]

T+1, T+2, etc.....I believe it to be the days required of shorts to cover by a broker. If the broker gives a short 3 days to cover then I believe Krom is promoting the idea to his buddies to wait until T+3 (3 days) to sell. He thinks the short squeeze will occur on the 3rd or 4th day after positive news. And that's when he is forcasting the $8 sp as the short squeeze happens.

The problem is that this whole theory of massive shorts is based on a premise that there must be massive shorts if there are people on a message board that don't agree with one person's goofy theories. If anyone counters what he promotes they must be a short of massive proportion. I have never heard such poor reasoning....and then to get others to buy into it???? This kind of deception and manipulation has been common on this stock since the drilling went sour in the JDZ. People get sucked into putting too much of their money into this stock and then become easy prey for hustlers with goofy theories and promotions. Once they are in deep they have no option but hope to get lucky. For luck to be your best or only option is not rational IMHO. Sure....I bought 60,000 shares....but it only cost me $12. I didn't sink thousands and thousands into this so I don't worry about losing it,

The other problem is that if Krom and his buddies have hundreds of millions of shares to unload, the sellers will outweigh the buyers so bad that the sp will never get very high IMHO. Even if there were brokers holding millions of shares short they are not going to take a beating so they will start covering at .005 or so??? And those wanting to sell will flood the market with shares so as not to be left out and that will keep the sp low.

IMHO Krom just wants everyone else to wait until he has sold his shares before they try to get what they can from any remaining buyers.

All this will most likely not happen. First ERHC will have to have some very good / great positive news in order to affect 2.5 billion shares much in the way of sp. So far I see no sign of forthcoming news that would be positive. Second is that there are probably no massive short positions. Third is that all other million and multi-million share holders are not going to wait for anyone's predictions to unload. They aren't going to wait to sell at a loss. They may pretend that they will wait but it will be everyone for themselves....a free for all.

Badog