Don't blame oldoil or any of the other stuck, mindless dickran minions. All the short seller nonsense emanates directly from dickran, erhe's largest stuck shareholder, the other just parrot it. He/she fabricated the entire erhe shorting narrative, complete with lies about billions of shorted shares, epic short sellers, African Queen buyer, and a sketch of a head dickran claims to be erhe's largest short seller (demented? Judge for yourself).
Why go to such lengths and post falsehoods about erhe shorts thousands of times without being able to provide any proof erhe short positions exist? Two reasons:
1) dickran needed a way to explain why he/she and his/her group own close to 2 billion erhe shares while there has been no insider buying since the 1:100 reverse split that wiped everyone out years ago, and no one owning more than 10% other than dickran. So he/she created the bullshit narrative that Offor owns 1/2 or even as many as all the erhe shares and the only way that could be possible is if billions of erhe shares were sold short. Never mind SEC disclosure requirements for insiders and 5% or more owners. Never mind FINRA. Never mind the facts (as dickran says, it's not a lie if you say you believe it lmao).
2) Even a short price bump prompted by false rumors about shorting and a dollars/share short squeeze could give dickran the opportunity to unload some of his/her 400 million shares. Even at a penny dickran could make $4 million.
It's as simple and as devious as that. And dickran clings to the erhe shorting narrative as deceitful and desperate as it is. Stuck with close to 400 million shares, huge 6 figure losses, and driven by greed and hubris, it's not surprising how low someone can go.
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