Replies to post #307491 on ERHC Energy Inc (ERHE)

[midtieroil]

Sunk costs are totally irrelevant in making future investing decisions. Buying more just because you bought before at a higher price is some of the worst investing advice I've ever heard.

[emdyal]

Ntephe has been unable of doing anything with Chad after 4 years of trying ! It has been and continues to be nothing but a white elephant !

Due to the efforts and influence of SEO Ntephe had the EEZ blocks handed to him on a platter and was incapable of doing anything to advance this asset ! Claim to fame re the EEZ has been a few soccer games and a PSC that is nothing more than a pie in the sky joke ! A pledge to spend $100 million over the next 4 years with absolutely no explanation as to where he is going to come up with that kind of cash? Or is it just part of the shell game while he bleeds the company of every last dime he can beg, borrow or steal ?

I repeat Ntephe continues to be incapable of offering any reasons why the market should have any confidence in him whatsoever !

[condor1]

If one is to learn from history,it helps to know the spectrum of historical
events.

The concept of diversificaton did not occur to existing executives when they had $45 Million in hand. Instead, they didn't diversify , and exhausted the money on paychecks, failed attempt of AIM, Stanford, conferences..and ??? Why didn't they diversify when they had cash in hand?
Why weren't they influenced by the cost of water drilling being 3-5x more expensive than land?

What were they thinking, with $45 million in hand?

If Kenya becomes a bust, there is no further and future events, only a fire sale...to NGAR...to ?????And what of ERHE shareholders? A snake wriggles out of it's old skin, and leaves it behind.

So,yes, there is hope, even a possible rainbow at the next spring, but there is a stronger liklihood of frostbite or predator /prey events.