ERHC Energy Inc (ERHE)

[oilman57]

Well we can agree to disagree. I hardly think Joe Shea is in cahoots with anyone nor does he have the money to purchase vast quantities of shares himself. Radio Africa must be in cahoots to pick up cheap shares as is Lusa using that line of argument because that is where the news originally came from. Not Joe Shea. Joe Shea just reported the news that was already out there.

Now if you want to claim that the Sao Tomean officials who made those statements are in cahoots to bring the share price down I guess I could understand that. I dont believe it but I could understand it.

The bottom line in this whole thing is that the Nigerians see things one way and the Sao Tomeans see things another way. When we hear from the Nigerian side they tend to paint a rosy picture so when someone reports what the Nigerians say (ie Mark) it would tend to make the person reporting it (ie Marvol, Swinging K) sound positive and hence makes the share price go up.

When we hear from the Sao Tomean side they tend to be negative so when someone reports that (ie Joe Shea or Homeport) they are themselves percieved as negative and the share price tends to go down.

But in both instances it is not the messenger (ie Mark, Swinging, Homeport or Joe) who is the cause of the problem. It is the source of the message (the Nigerians and the Sao Tomeans) that are effecting the share price.

I dont thinks its any vast conspiracy. I think when news is bad the share price goes down and when its good the price goes up. Its really that simple. And yesterday was not good news by anyones standards so the price went down.