Krom is correct In that ERHC's share price is based on investor's perception, not any fundamental value. In 2011-2012 the SP hovered around a dime after the dramatic drop from the highs in 2009 because of the JDZ failure.
But how does one explain the steady drop in 2013 to the recent lows of ~4 cents? During this period Kenya and Chad were in a situation of wait and see. This was not bad, but only unknown. The longer this uncertainty, the lower the share price as the nay sayers constantly hammered away at the company.
IMO, the perception of ERHC was considerably lowered because of the constant negative comments about the company. Since the share price of ERHC was entirely based on perception, the negative posters caused great harm to the share price. Although, the nay Sayers blame management for the low share price, they should take some of the blame themselves as they lead the way in their constant barrage of negativity about ERHC.
Results of management's hard work to develope Kenya are finally getting results and official announcements should be coming soon as ERHC's awaiting official government approval from Kenya.
Will the nay Sayers finally stop the negativity and finally realize that ERHC is getting things done, but at a slower pace then the nay Sayers think it should be done. Getting anything done in Africa always takes longer than expected, and it's time the nay Sayers finally realize that and stop complaining.
Most here have asked what the motive of the nay sayers has been to spend so much time and effort to bad mouth a stock they supposedly are invested in. Maybe now the nay Sayers will finally stop their constant negativity and allow the perception of ERHC to have a more positive outlook.
The above post was removed by the Admin as off topic with no right to appeal. Can someone tell my how this post is off topic?
Will the ducks continue to muck up the water or will they fly south for the winter?
