Just brainstorming the answer to your implied question; who could benefit from holding the share price at 4 cents.
We had every reason to expect the ERHC share price to go up in response to the good news. After all as beaten down as ERHC has been most of us expected the share price to appreciate substantially with the reasonable expectation that the signed LOI with a large, vertically integrated, well funded oil company would boost ERHC's value.
So who would benefit by suppressing the share price
1 Market makers playing games
2 Tax loss sellers
3 Financiers and other insiders who want to pick up cheap shares before the deal is consummated
4 In the context of business in the third world and our majority shareholder being arrested in London with a briefcase full of gold,could this be a mechanism to provide low cost and legal shares to selected individuals, politicians and other well connected businessmen who can help ERHC and SEO not only in Kenya and Chad ,but in other locations.
Think about it. Selling ERHC shares at 5 cents a share for 4 weeks at 1 million shares a trading day will cost $50,000 a day X 20 days equals a million bucks. A million bucks which could grease the palms to lubricate a variety of business deals. A million bucks could result in several million dollars worth of influence after the agreement is announced.
I want to make myself clear. I have no evidence that the post above is accurate.These thoughts are just an expression of my over active mind which should be focusing on more constructive personal issues. In fact the post is almost certainly not accurate.It is important no one use this post as a reason to buy more ERHC shares.
Farrell BTW I put in another order to buy more shares in the morning.
