When I placed my *bet* I did so with the understanding that management would work to increase the share price.
Letting the Government push them (us) around with this investigation is pure bullsheet. The investigations aren't gone because the company or its lawyers don't want them gone.
How will you feel 3 years from now with a billion barrels proven and a share price of 40 cents? Don't think it can happen? Don't rule it out. Every entity that wants a piece of this is watching this company let its shareholders rot at the hands of the DOJ and doing nothing to put an end to it. How many "uncertainty items" are in the queue to be thrown at ERHC (us) until the company gives up and sells out? The good news is China will outbid any lowball so we'll get our due... but how many years will management try to get the shares up before they give up? Three? Five? More?
They've displayed an indifference to being slapped around. In this case complacency is only going to get them slapped again.
I understand what your saying... I placed this bet and I am ultimately responsible for any loss... but this management is not doing what it can to get the monkey off its (our) back. They haven't so much as released a PR that these investigations are without merit. No proclamation of innocence whatsoever.
Are they simply not trying to get past the investigations? Or are they simply naive and letting the law firm milk them for all it can get? Why doesn't RedChip promote ERHC when it promotes many other companies?
*If* they execute and we see results from these latest activities, I'll eat all the crow you want me to. Since the first conference the share price has halved. Those in the market that are in the know seem to *know* that recent efforts either aren't working or were never intended to work.
ERHC's share of JDZ oil; 1 billion barrels. Once proven, ERHE will be $10+. All we need is time and patience.
Nuf said.
