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Friday, September 03, 2010 11:00:56 AM
Market pricing is a reflection of market knowledge, the market does not like risk and the unknown.
SSC, are you saying that the market with its interpretation as to the value of ERHC has the ability to see downhole and knows what the amount and value of hydro-carbons there are in that area?
Because again you have made one of your 'now famous' dumb reponses.
Our price reflects the insecurity the market feels over the lack of information that is coming forth. That and nothing more.
If they come out and say there is nothing there then our price will fall even more and will only be propped up by the potentiality of the EEZ. If they come out and announce Phase II then our stock will respond in a correspondingly upward path.
Simply put, the market values its knowledge of our asset potential and not our asset's hydrocarbon potential.
Bay
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