ERHC Energy Inc (ERHE)

[TennesseeOilMan]

“Pump and Dump”
I’m beginning to wonder if all the news is intended to keep the stock at a volatile low. When I started looking at the stock, ERHE was bragging about how drilling would come soon (In the next couple of months). Over a year later drilling finally started. Around that time they said their goal was to get the stock up above 2 dollars and move it off the pink sheets to a more reputable listing. That never happened. The stock goes up and then drops maintaining a regular price around 50 - 60. There is always the threat that the news regarding the JDZ will break soon. When it doesn't, there is always an excuse. The constant threat keeps certain people in the game without the thought to sell in order to take a profit. Is there anything that would benefit a company to hold their stock at a certain level? Is this something that everyone here should take notice? I'm definitely looking for the next time the stock hits .70. If I sell, I can always buy back in when it goes back to normal. I don't think the news will break when the stock is at a high. In this case with the Long Term Capital Gains tax going back to 28%, there is no reason to hold when the stock is high. This is just my thought on this.