![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Monday, April 02, 2012 10:27:09 AM
Raising money to increase the value of the existing properties by doing seismic is something I don't have a big problem with. Raising money because Ntephe frittered away millions and we need more to pay his bloated salary is pathetic. And using the money to acquire more properties when we can't even find anyone to fund the drilling of the ones we have now seems counterproductive to me. Any money we get needs to go toward getting wells drilled somewhere NOW. It is obvious to me that ERHC cannot buy existing production. They have been trying and failing at that for a long time. Maybe someone needs to explain to Ntephe that in order to find oil you need to drill wells. He seems to not understand that. He also seems to have no clue that you need operations people to operate properties. At least he finally figured out you need exploration people to explore for oil. A very small step forward. Let's hope it isn't too little too late.
One other thing Ntephe needs to figure out and doesn't know. You need financial people to raise capital. We have no one that is qualified.
Recent ERHE News
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/06/2024 07:31:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 09:06:42 PM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM