It seems that there are a lot of bashers coming out of the woodwork the last 4 trading days, with a lot of new bashers coming out as well or probably just the same old bashers with new monikers. The writing styles are eerily similar.
Unbra, BB, ERHLongtimer, Jim Long, and many others:
It looks like we are all espousing a common theme here but in our own words. That theme is that the intolerable delays are primarily due to the ‘Powers That Be’ looking to eliminate the small rights owners of Blocks 2 thru 4 and at the same time keep the share price down to buy shares from disgusted and dissolute stockholders. Every time the bashers come out in force I get a feeling that our timeline is getting short. You have to ask yourself why these guys would hang around. If you do not like this stock and feel all of us on this board are ingrates why spend your time posting day after day?
While I cannot truly comprehend the mentality of a poster like, say, “Robjer” I would have to think that they have some economic intention with our company. Paid basher’s - I would say probably!
I still think BB is right on-track, though in most of our private messages we disagree on the inherent value of ERHC and the ultimate price that SEO will accept for his stock (and as importantly his connections). And I think that BB will have to agree with me that the more time it takes to come to terms and execute a buyout the closer to my figures we are getting.
As tiresome and tedious as this becomes I would urge everyone to continue to wait it out. The most you will lose is the time value of your investment this stock is so undervalued that it would be hard regardless of the news to push it down much more from here.
But I would like to remind everyone, that in all my experience I have found that Exploration Companies never sit on bad news. It makes no sense for them to do so. Look at Chevrons ANWR well East of Prudhoe Bay. They drilled that well over 25 years ago and still have not released the results. Even though many news stories (including 60 Minutes) have come out on that well and the probability of what it found.
When Sinopec, Total, SEO and Chevron (yes I included Chevron), determine that each have optimized their positions we will have an announcement and a deal. So stay patient and hold steady.
IMO
BayfisherII
