ERHC Energy Inc (ERHE)

[DegenerateGambler]

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 some made negative comments about the company.

IMO, the perception of ERHC was considerably lowered because of the these negative comments about the company. Since the share price of ERHC was entirely based on perception, the negative comments caused great harm to the share price. Although, some blamed management for the low share price, they should take some of the blame themselves as they lead the way concerning the 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 they finally stop the negativity and finally realize that ERHC is getting things done, but at a slower pace then they thought it should be done? Getting anything done in Africa always takes longer than expected, and it's time they finally realize that and look at the outlook

Maybe now those will allow the perception of ERHC to have a more positive outlook.