Replies to post #43367 on ERHC Energy Inc (ERHE)

[instructmba]

Of course that's just your opinion, because OTC's can certainly trade over 2 or 3... here is just a few in a partial list:

Symbol Company Price Net Chg Pct Chg Share Volume
TDCP 3DICON CORP 2.0700 +0.6200 +42.76 1,177,868
CCMH CHEMICAL CNSRTM HLDGS INC 1.7500 +0.4000 +29.63 2,000
TCFG TRAC FINANCIAL GROUP INC 1.1000 +0.2500 +29.41 600
IDWD IDS WORLDWIDE INC 1.1900 +0.2700 +29.35 896,310
MYAG MERCURY AIR GROUP INC 4.7500 +0.9500 +25.00 100
TEXC TEXCOM INC 1.2900 +0.2500 +24.04 385,620
NPWS NEAH POWER SYSTEMS INC 1.0500 +0.2000 +23.53 159,600
ARSD ARABIAN AMER DEVELOPMT CO 1.3400 +0.2200 +19.64 18,950
RBAN REIBANC USA INC 1.2100 +0.1800 +17.48 70,000
UDSG UDS GROUP INC 1.0800 +0.1600 +17.39 884,854
BSTC BIOSPECIFICS TECH CORP 1.7500 +0.2500 +16.67 1,000
SLND SOLAR NIGHT INDUS INC 1.1500 +0.1400 +13.86 18,652
AVMD ADVANCED MEDICAL INST INC 2.5000 +0.3000 +13.64 500
CAFE HOST AMERICA CORP 2.0900 +0.2400 +12.97 38,416
ACMC AMER CHURCH MTGE CO 8.5000 +0.9000 +11.84 1,400
POGS PIONEER OIL & GAS NEW 1.5000 +0.1500 +11.11 150
ABVT ABOVENET INC 40.0000 +4.0000 +11.11 4,769
STAI SYSTEMS TECHNOLOGY ASSOC 1.0100 +0.0900 +9.78 1,183
GTXC GTX GLOBAL CORP 4.4000 +0.3900 +9.73 546,812
DBIN DACOTAH BANKS INC 175.0000 +15.0000 +9.38 200
AGHG ASGARD HOLDINGS INC NEW 1.7500 +0.1500 +9.38 1,801
PRRR PIONEER RAILCORP A 3.5500 +0.3000 +9.23 271
FSYI FREEHAND SYSTEMS INTL INC 1.2000 +0.1000 +9.09 3,000
NRPR NUTRI PHARMS RESH INC NEW 2.5000 +0.2000 +8.70 4,009
MIDS MIDASTRADE.COM INC 1.8400 +0.1400 +8.24 12,500
OTMN O.T. MINING CORP 5.7000 +0.3500 +6.54 9,330
ANCPA ANACOMP INC A 11.0000 +0.6500 +6.28 300
LSRI LIFE SCIENCES RESH INC 10.5000 +0.6000 +6.06 50,587
NVSX NVS ENTMT INC 1.8000 +0.1000 +5.88 74,499
PREA PURE EARTH INC 5.9000 +0.3000 +5.36 2,200
PXTE PAXTON ENERGY INC 3.0000 +0.1500 +5.26 12,728
SRLM STERLING MINING CO 4.7500 +0.2300 +5.09 282,924
WEBC WEBCO INDUSTRIES INC 65.0000 +3.0000 +4.84 200
CWPS CONWEST ASSOC LP UTS 35.0000 +1.5000 +4.48 100
NATR NATURES SUNSHINE PROD INC 9.0000 +0.3500 +4.05 662,660
ILDM INDEPENDENCE LEAD MINES 1.0500 +0.0400 +3.96 9,600
TYCO TAYCO DEVELOPMENTS INC 3.9500 +0.1500 +3.95 2,345
TERN TERAYON COMMUN SYS INC 2.1200 +0.0800 +3.92 865,398
IPWG INTL POWER GROUP LTD 1.0700 +0.0400 +3.88 208,350
WGSV WARRIOR ENERGY SVC CORP 27.0000 +1.0000 +3.85 6,825
MTPT METROPOLIS TECHS CORP 1.6500 +0.0600 +3.77 17,850
WNMLA WINMILL&CO INC A 4.2500 +0.1500 +3.66 1,500
HNVD HANOVER DIRECT INC NEW 1.4500 +0.0500 +3.57 3,070
RZ RASER TECHNOLOGIES INC 17.4500 +0.6000 +3.56 1,199
IPXL IMPAX LABS INC 10.0000 +0.3400 +3.52 292,680
SEHI STHN ENERGY HOMES INC 6.2000 +0.2000 +3.33 13,951
ZP ZAP 2.2000 +0.0700 +3.29 6,790
VXGN VAXGEN INC 7.8500 +0.2500 +3.29 398,227
MHCO MOORE-HANDLEY INC 8.0000 +0.2500 +3.23 2,500
XMSRP XM SATE RADIO HLD8.25B PR 49.0000 +1.5000 +3.16 300


Why get rid of "all the nigerians"? How many do we have? Why would they hurt the price? What makes the AIM so special? You got opinions but do you have answers?

BCNU

[Withuall]

Meridian, I don't think for one minute that Offor would listen to the shareholders at all after seeing what he has been through up to this point to get to where he is and the "much larger fish" that he has had to contend with. We are nothing and he will do whatever he wants to do, period. We are just along for the ride.

[sllabxam]

And you all thought I was wrong about M. max

[Know-Nuttin]

Meridian:
Ur on iggy...

[Withuall]

Why preferrably AIM specifically AIM ? Why?

[Strategyone]

Meridian, good to see you posting again.

In many ways I agree with your opinion about ERHE and its direction. I think ERHE share price might perform better on the AIM where many other international smaller oil companies are listed. I also understand your opinion you previously stated about the most recent appointees to ERHE board. I do think that ERHE could have gotten candidates that had great financial qualifications but also within the oil industry and maybe not of Nigerian decent.

BUT (here's the big but) I think Offor is just being Offor, the businessman in Nigeria the way business is done in that neck of the woods. Although it doesn't always sit well with my US based business experience, I try to recognize it and evaluate it for what it is. Some other poster posted a link to an article that reiterated similar historical events and connections relating to Offor from what I have read in the past. I would like to hear your opinion of the article posted:

http://www.nigeriavillagesquare.com/content/view/2041/55/

If even half of what is said in an article like this is true, then it seems to me that Offor is continuing to do business the way he successfully has done things in the past. Using connections to place "Nigerians" on the board yet try to make it look like "outside" representation with New York base accounting firm and US citizenship board members. I think Offor tried and probably did increase the credibility of the board with the US/NY based individuals with good financial credentials yet probably maintained a "strong" influence over them with some kind of native Nigerian connections. We may never know how these people connect back up but I would bet they do.

I get the strong impression that you are influenced or connected in some way to Walter Brandhuber or to someone from the company from which Brandhuber came from. Especially, since he is the only non-Nigerian within the company right now. I am guessing that both you and Brandhuber think ERHE should be moving towards the European exchanges and broadening the directors with non-Nigerians but with strong oil experience and thus move the company quicker into other areas of influence than just the JDZ/EEZ. I would probably agree with that direction also but I think for the short term, Offor is sticking within his realm of influence and he is making it look like moving ERHE in the direction of a bigger US based exchange (with the outside director appointees).

I personally think it will take 6 months to a year before ERHE is solidified with drilling results from their own partners in blocks 2, 3 & 4 before they should move to another exchange. Although, I am sure the short term share price would benefit from any move, I think a lot of people want too much change in too short of time. For the short term, I would much prefer hearing about ERHE utilizing there efforts to finalizing drilling schedules within Blocks 2, 3 & 4, and beginning negotiations with STP about their EEZ rights or continuing negotiations on Blocks 5 & 6. JMHO.

I don’t think ERHE share price will have a problem getting to $2 or $3 on the OTC as long as any company continues to discover and disclose the details of the oil finds in the JDZ. It just may take more time.

Good luck to all,

Strategyone

[Fishdog]

Hi Meridian, how's it going? Been wondering where ya were.

I've got to disagree with you about how this puppy will trade on the OTC, however. I have no doubt that with enough public exposure, news stories that highlight the minnow's story, news and speculation of the tremendous reserves to be found in the Gulf of Guinea and the JDZ in particular, realizations of the reputation and experience of our partners, involved in production with Chevron and Exxon, price of oil, on and on .......... that our sp will move strongly. Bust most particularly because of the investor's mentality and the hope that they won't get left behind on a runaway stock. Don't forget that this is a penny stock that is undervalued and virtually undiscovered. How undervalued is yet to be seen but that's the exciting anticipation. The position that ERHC finds itself is unusual on the OTC market. An oil company with no debt, cash reserves, and possibly sitting on a herd of elephants. When the news hits the streets and gets airplay no one, at this low buy-in price, is going to take the time to sit around and parse the share price. That will come when the buying levels off - and who knows where that will be. It will also become obvious to all who study this company that a move to a large exchange will be forthcoming and those people will want a piece of it before that happens because the price could really move then with big investor exposure.

I say that given a little time that $2 is a no-brainer. That will put us where we need to be to move to NAS, AMEX, or even to the AIM, but I don't think right now that it is a company priority. By the time it becomes so, it may be a moot point.

Everyone here is here to make money on the stock movement, Meridian. Every time you throw cold water on this stock's price potential, and POSSIBLY affecting said potential, you are losing the respect you garnered earlier and raising eyebrows as to whether you have alterior motives.

Other than your incorrect observations of the future action our shareprice I really enjoy your continuing participation.

[Dune]

Meridian, are the U.S. funds that paranoid to invest in a company that has to do with Nigeria? Even if it made it up over $1.? Would investors see things that much differently if we moved to AIM ?