I'm not defending management, because that is an impossible task.
But if PN had delivered on all of his plans and done it on time, it would have amounted to practically nothing. It would not have caused the stock price to increase hardly at all. The AIM listing story has been BS and bogus from the get go. It is not possible to raise capital anywhere in the world without a sensible business plan and top notch management. Those few companies who are successful at raising capital on the AIM exchange have both, ERHC does not. And without capital productive assets can not be bought.
All of this is just common sense and no reason to get angry with people "playing like" they have a plan. Just recognize the truth.
The real harm done to the investors in ERHC this year has been caused by the lack of candor {for whatever reason} from management regarding the drilling results. There are lots of clues that something significant was found. Even some of DK emails and phone conversations have hinted at that fact, but one has to be able to "read between the lines" to discern it.
SNP comment of their web pages is very important,my opinion.
And DK's attempt to discredit it is shameful. I think the only reason DK tried to discredit the Chinese was because he and ERHC had said for months that SNP would not allow them to say more, and here was the Chinese now themselves talking about a discovery in block 2. The proof they were telling the truth and DK was not is the fact the statement is still on their site 2 months later.
Also references to the type of studies being done can only logically be true if something liquid was found.
I believe SEO is only interested in one price for the stock, and that is the final price which will logically be determined by the value of the assets of the vast amount of net property controlled by ERHC in the GOG. That is the reason for the update NSAI report, MY opinion.
