SSC, I find it hard to believe that you have been posting for decades purely out of a sense of social justice or to "protect" investors. ERHC already has all the protection it needs. It's on the "Caveat Emptor" list, restricted to trading on the Expert Market in the U.S., and requires a market maker for any trade. So why would you dedicate decades of your life to a stock that most investors can't even trade? Your claim of altruism seems highly suspect, especially given the absence of any financial incentive for you to keep this up.
You claim that I can’t prove short sellers have destroyed ERHC’s share price, but I have already provided a solid explanation of why I believe short sellers are involved. You dismiss my reasons, but they are based on careful observation, logical conclusions, and the dynamics of the situation. Just because you disagree doesn’t make them baseless.
You seem to expect Peter Ntephe to somehow "comfort shareholders" by addressing every concern, but you overlook the reality that Peter could be under a gag order or bound by confidentiality agreements. This could prevent him from discussing certain developments or even acknowledging the state of the company. Even the most basic communication about these issues could breach those agreements, which is why it's unreasonable to assume he could say something just to make shareholders feel better.
Regarding Offor, you’re wrong about him not reporting his shares. He doesn’t necessarily benefit from reporting his holdings, particularly if his shares are pledged for an acquisition. If his shares are pledged, he wouldn't gain from a short squeeze. It’s the holders of shorted shares who would benefit from such a squeeze, not Offor, whose shares likely come directly from the company and are legitimate shares, not naked shorts.
The company has probably not addressed the short-selling issue because it’s been focused on securing deals across Africa and dealing with the merger between Starcrest and ERHC. We know this might have taken place due to the MoU that was issued. The company has limited resources and staff, and addressing short sellers is simply not the priority. If the company produces substantial shareholder value in the end, it will naturally take care of the short-seller issue and crush those who have been manipulating the stock.
In some ways, I’m glad the company hasn’t aggressively fought the short-sellers, because it’s allowed me and other shareholders to acquire shares at low prices. Once the shorts are exposed, those who stayed patient will profit greatly. This has been a hidden opportunity for long-term holders.
Regarding the drilling in Block 4, I believe it will be completed by March 2025. While there hasn't been an official announcement about drill ships, it’s understandable if confidentiality agreements or gag orders have prevented that information from being released. From the timeframes and information we do have, March 2025 is a logical target. Of course, this is speculation on my part, but it’s based on the available data and makes sense within the broader context.
As for Offor’s chairmanship, I wasn't speculating—I was basing my statements on information that was given to us, and there are witnesses to this. I’m not lying as you imply. If the information changes or isn’t yet officially confirmed, that’s not the same as making something up.
Finally, my observation that you may be Canadian isn’t simply based on linguistic differences, but on the fact that short-selling of OTC stocks like ERHC is not allowed in the U.S., but it is allowed in Canada. Given your persistent claims and behavior, it seems likely that you are involved in short-selling, which would explain why you might be Canadian. This is based on market realities, not wild speculation. You consistently refuse to address the short-selling issue or your involvement, which only adds to the suspicion.
It’s unfortunate that, rather than provide substantial evidence or address the concerns raised, you continue to double down on accusations, avoid addressing the points we pressed you on, and deflect the conversation back to empty claims.
Krombacher
AI
