ERF Wireless, Inc. (ERFB)

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Frack on... it is boom time. If ERF is writing contracts, we are in good shape. If I remember correctly, the Eagle Ford area was scheduled to be complete by this summer... question is... when it is ready, how many contracts can they stack onto the original one... the more the merrier.

This bit about SLB in arbitration and Harris is interesting... if there is any truth to it. What kind of SLB settlement could be coming... how long will it take... and what kind of money are we talking??? Could Harris be waiting for the SLB deal to be settled before signing any kind of contract?

Bigger question... does ERF have the finances to make a bid deal with Harris or anyone else for the at matter? This is a real concern.

As far as turning the corner, and the debate will continue because there is nothing definitive to stake a case on.... the balance sheet is looking slightly better so let's see what kind of revenue increase there is after the proceeds of the WISP sale are reinvested... it does appear that the over head is lower, so ERF is leaner and more efficient. Q2 will have to manifest an obvious increase in revenues to changes some minds around here.

In a discussion the other day with a fellow ERF investor, we both concluded... today's new investors in the company are the ones who will make out big time.

Frac on... don't forget to check out GasFrac out of Canada... this is the real deal.

Holding on for greener pastures.

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