brez.....When someone is using his opinions to reach conclusions and then manipulates his so called links to try to cast his opinions as fact, then he deserves to have his facts challenged. I have posted information that is very accurate, but some do not seem to be able to comprehend that fact. TRUTH is important. Making up stuff to try to manipulate opinions in a positive way is every bit as deplorable as manipulating in a negative way.
NOW HERE IS MY LAST POST ON SHORT SELLING!!!! If you take the time to read it you will see the above is based on truth.
Tuesday, July 09, 2013 10:27:20 AM
Honestly seek,
please see the forest for the trees here. Finra or no, I am convinced that midtieroil is not only shorting ERHE but doing so while saying anything he possibly can on I-hub to shake the tree and make some money.
He's been doing well shattering the dreams of ERHE investors with his constant negative comments. I firmly believe that ERHE's valuation is due to perception and behavioral economics and not due to some valuation, because ERHE has neither an income stream, a revenue stream or assets of any material worth on its balance sheet to warrant any kind of valuation at this stage. All we have is the hope that oil will be found in one of these assets.
He is persistent and determined because I believe this is his job...how else does he find all the time? He has a profit motive. His negativity ultimately may have killed a Niger acquisition according to my conversations with TOB. Niger officials, unfortunately took one look at this board and had to take a pause. In the meantime, people like BalanceBuilder have died waiting for this stock to do well.
I and others also feel completely used by this man. He has instigated both tryoty and I to rant against management...he has instigated others as well with his bogus letter to the BOD. He is a piece of work, and it takes very little effort for him to make money on a short.
Well, I'm sick of it. When he got banned for 6 months, the stock soared to 15 cents in 3 of those months. Of course, he has no problem casually saying that the other 3 months he didn't post resulted in a downward spiral while leaving out the 3 that soared the stock. He was banned by I-hub for those six months but he lies about it claiming he took a voluntary leave of absence because he was disgusted in ERHE.
Yet when you look at his posting history, as soon as the 6 months were up, he posted to the day it was done.
Consider just how well the stock would do if his actions did not result in hampering this company.
He attends the AGM in order to get whatever credible pieces of information he can to boost his credibility when he puts a negative spin. His letter to the BOD was never received, while he pretended to be a shareholder activist. And that "Smith" conversation also allegedly never took place.
He does all of these things, because I am convinced that with a little effort on his part, he can make millions shorting this stock. It's easier for a short to prey on fears in the world of the OTC then to profit from a long position.
Thank you,
Krombacher
FWIW.....When the stock was showing price strength as referenced by Krom above, it was because I was buying for a client several million shares at an average of just over .11 cents a share. Not because of the reason he would have one believe. There are four important facts wrong with krom's reasoning.
1] Volume is way too low to make money shorting and has been for months.
2] Volume has also been too low for real short covering to be taking place at any time during the last several months.
3] To be short 500,000 shares as Krom claims would be sheer lunacy. IF good news drove it back to .90 cent area, a short would lose over $400,000.00 with a chance to make maybe $10-15 thousand if right and lucky.
4] IF there was 500,000 shares short, it would show up on the bi monthly report, and there is no way to hide it or the volume caused if it were covered. There has been none for months.
SEEK THE LIGHT.... BTW LIGHT IS TRUTH.
