BB the "logical reasoning" has long been worn out, I'm afraid to say.
As to the "much larger picture" that would be THE reason why I invested in this stock in the first place, friend (that's OK, I'm not offended.)
That much larger picture has enormous potential, we all agree on that, BUT in the market, potential always turns into reality through a series of developments which simply have not materialized with ERHE.
Will they ever? Possibly. Remember, I am the one who posted several times that Emeka Offor *COULD* become another Bill Gates. Could is unfortunately the operative word here, and in a very big way.
Should I or anybody have to wait another 5 years to see those developments begin to take place FOR A STOCK THAT SITS AT THE EPICENTER OF ONE OF THE PLANET'S MOST IN-DEMAND RESOURCES, and do so with blind faith in a company that has been treating its shareholders like a giant cash cow (I won't mention the other words that come to mind when I discuss this stock in person with other longs)? HELLOOOOO, I don't think so.
Buy-in? Takeover of some sort? I never thought I'd say this, but at this point I would welcome ANY such news (yes, even by a company like XOM) even if the price they offer per share is much lower than what the stock is (read: should be under responsible management) worth.
You wanna know what's also quite revealing, perhaps more than all other kinds of stuff? That the company's shenanigans have twisted things so much that a decent person like you would end up being perceived (by highly-experienced investors looking into this stock) as a pumper (which I know in my heart, you are NOT.) I thought about this a lot and I say that when perceptions get THIS SKEWED, the situation is not healthy and there's real, deep trouble.
""Was ERHE a smart investment of my money? How's about we both answer that question at Christmas time this year." Well I'm not into bets, but I will accept this friendly wager. You're a gentleman, and you and I have both agreed and disagreed, always respectfully. You're on for that Xmas deadline.
Odd as that may sound, I'm afraid I'm gonna win (read, LOSE anyway, because in this case we both would end up being even bigger losers... Time IS money, and in a very real sense we have already lost considerable amounts of money since there are many other stocks that HAVE materialized into doubles or multiples these past few years, including as I think Oilman pointed out, many in the currently hot oil/energy sector. You'd think ERHE is in the business of bananas, or sugar, or something... but NOT oil.)
I hope your knee is getting better. Be well.
AI
