ERHC Energy Inc (ERHE)

[mz157]

the PN bulls like to say that if drilling was a success then the SP would be much higher and we would all be happy... well...no *#%&! Of course that's the case. But what separates the men from the boys is when things don't go as planned. Well guess what... things didnt go as planned for ERHC and we had no plan B. instead we threw away millions (30+) of dollars with nothing to show for except extremely risky assets which are a long way off and a few STP futbol ticket stubs.

A good manager would've steered through this and had a backup plan. The market is the ultimate judge of performance and there is a reason why we are at 9 cents and it's not simply because of poor drilling.