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Wednesday, July 30, 2008 7:33:38 PM
IMO, ERHE got caught up with the prospect of those two drilling rigs that Addax lost to Petrobraz. Expecting good news from Addax, ERHE mgt. mounted the PR road show schedule to bring awareness to the stock, drawing attention the our "Deep Opportuntiy", then wham, no rigs, no new investors, no news, and downward drift of the shareprice.
So here we are, two weeks ahead of a conference call and we get this nice letter to shareholders with no new news - just the same messages repeated - so what do you expect? Certainly not a big "thanks" to management. I wonder why mgt determined it valuable to send out fluff just two weeks before the scheduled conference call? I fail to understand it's value. So, IMO, I think a day of complaining is ok.
Yep, I'm waiting for a rig of opportunity, waiting for the Aban Abraham to leave China, waiting for an acquisitioin, waiting for the DOJ investigation to formally end, waiting for new seats on the Board of Directors and waiting for some postive movement UPWARD in the shareprice. I'm just tired of waiting... but I WILL WAIT a few dozen fortnights or more.
dat
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