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Friday, November 05, 2010 5:40:06 PM
HDY did a deal with Blackrock, one of the most prominent investement firms on the planet with assets being managed of $3.45 trillion and 8500 employees in 24 countries around the world. Blackrock is so well renouned that the attention its name alone brought to HDY raised it's share price.
http://www2.blackrock.com/global/home/AboutUs/index.htm
ERHC did a deal with... golly we don't know because Ntephe didn't have enough pride to announce who it was... or it was a shady gift they couldn't announce.
The two deals can only be compared to show how one company raised its share price through the pride it had in it's tranasction and the calibur of its partner, and another lowered its share price by indicating that it wasn't proud of its transaction through concealling the participant(s).
Comparisons between HDY and ERHC however, can be made, they are quite similar companies. Comparisons between those buying that placed shares cannot because its a secret. Na-na-na-na-naaaa-na!
Until we get a CEO that understands managing a U.S. listed company, we will keep seeing these mistakes. Ntephe could be a brilliant business mind in Nigeria. Maybe he can even make it in London. But he hasn't, isn't, and doesn't seem capable of doing anything to raise his share price in the U.S.
Even Offor has got to be getting tired of this cr@p!
Where is the BOD oversight of Peter Ntephe? Shareholders need the Boards protection NOW.
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