ERHC Energy Inc (ERHE)

[MasterBlastr]

I think more of us are starting to realize that the awards announcement was just part of a larger process - the JDA had to inform the winners, and the winners in turn have to accept, then the JDA finally gives the go. Then we should expect some of the big money to buy in. And we get to work on the PSC's, etc. I suppose if someone decides to turn down their award after all, the JDA will have to do some kind of reallocation, but I give that almost no chance of happening.

So there were not enough buyers on the awards news to counteract the sellers, and we started down, which may have led people to believe something was wrong so they sold, which snowballed into more selling, etc.

But nothing was really wrong, just some (most) peoples understanding as to what was really going on.