I guess we have to be specific to blow your arguments out of the water.....
Your stated reasons for the sp to go up:
"Announcement of an ROO" - this is a rumor or hope and has no basis in fact until it is announced, so according to your last email, you shouldn't bring this up for discussion.
"Belief that share price is drastically undervalued", moot point - opinion
If these are truely the only reasons you could find for the share price to go up then NO ONE would own this company. Do you think you might be missing something???? lol
Your stated reasons for the sp to go down:
"Fact that rights in blocks 5&6 are not secured" - incorrect statement. They are indeed secured by international treaty as many have pointed out to you which you ignore. They will not be any "less" secured until the JDZ tries to take them away in a court of law. The fact that ERHE has filed a protection lawsuit should actually go to the argument that it is more secure.
"Continued violence, including successful offshore attacks" - not relevant as ERHE is not an oil company operator and has no production. Further, the JDZ is in international waters, not Nigerian waters which has also been pointed out many times. If you really believed in this argument then due to the distance offshore ERHE rights are, it would make them more valuable compared to every oil company currently operating closer to Nigeria.
"SEC filings claim that investigations are ongoing and may last a long time" - no change from yesterday except that the time for any action on any specific findings becomes less likely and as stated my ERHE lawyers publically, the timeframe for any infractions has already lapsed. Old, rehashed non-news, moot point and plenty baked into the share price.
"No revenues, only expenses" - no change, already priced in. Compared to three years ago when the share price was higher, ERHE had no cash and debt. Now they have $30+million in the bank with years of current SEC FILED cash flow cushion.
"No CEO, CFO for publically traded company" - no change in years - ZERO affect on current share price. Can more likely be argued as a positive that they aren't wasting their good cash on a CEO or CFO until they and their partners are closer to oil production from their rights.
"Lack of institutional investors" - no change from yesterday and if this was an influential argument then there is no direction except UP from here. ERHE is OTC and well priced in.
"Does business in the most corrupt part of the world" - and yet every major oil company in the world also does business there and that’s where the oil is. No change from yesterday, moot point unless you want the positive argument that the majority owner of ERHE has become a multi BILLIONAIRE in the same most corrupt part of the world which will give ERHE an advantage to all other players around the JDZ as has been proven by the awards granted.
"Inability to get a rig" - incorrect statement as proven in the SEC FILINGS. hint - AA.
In summary, ERHE's partners have a RIG under contract. It is only a matter of time before they can hopefully prove out the Trillions of dollars of oil located in the JDZ. A Rig of Opportunity can ONLY move that timeframe up. SEC Filings prove ERHE has cash in the bank for years beyond the AA drilling timeframe at the SEC Filings current cash burn rate.
