TOB...
You keep mentioning the .90 price of ERHC years ago. But that was when investors were hoping for billions of oil discovery. That has changed. I, for one, do not think that .90 is the benchmark that should be promoted at this point...especially when we don't know the level of dilution that may occur.
And you seem to promote the idea that those who wait will miss the sp runs. But the sp runs you suggest only happen if the financing is determined to be good for sharholders, siesmics are positive, partners are found, drilling goes well, and lots of oil is found.
There are plenty of hurdles to get over.
The investing approach of taking a small position and adding as the company accomplishes positive results is more prudent IMHO. Building a large position in hopes that these events all go well is a recipe for disaster as it was in the past. Being caught underwater with a large position has not been fun for many here.
I used this exact strategy (entering slow and building) with MMT.v. I began buying in the .40 range a year ago and kept adding along the way until it became my largest position. At $1.88/share I am still adding. This made much more sense to me. And it seems to be the best strategy for ERHE also. But then that is just my opinion.
Every time ERHE's sp goes on a run there are those that think that someone must know something...but when it retreats does that mean that someone must know something? Are investors 'accumulating' as the sp goes up...and down? Instead, I think this has been a trading stock for some time now. If the company makes positive moves...it could change and become an investment. Likewise if future events turn out to be negative...I don't want to get caught...underwater...with a large position.
Badog
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