Replies to post #7236 on Addax Petroleum (fka AXC)

[Julius Erving]

Troy,

Do I believe that they used corporate funds to buy personal shares? Probably not, but if they really invested their own money why are they so incomprehensibly incompetent at raising shareholder value, aka communicating? It's embarrassing.

ERHE has a very REAL chance of being a $10-$50 stock in a very short amount of time and these incompetent boobs can't get the word out.

Incorrect. Like you also said before: shareholder value will be created by finding OIL. Period.

Other ways of raising 'shareholder value' are considered 'pumping' and will not last for long.

Now I come to think of it: it's exactly the other way around. If they were trying to pump up the share price these days, maybe there should have been a reason for worrying. They OBVIOUSLY couldn't care less about us.

Can you follow me?

The Doc.

P.s. I think that they bought because of the fact that they know more than us, regarding the options that are present BEYOND Kenya empty hole drilling.

And, any way you look at this buying spree by the CEO and CFO, they did not have to do this (since it has obviously NO EFFECT on the current share price whatsoever!) and could have spent that money in way better ways.

Even if they are of the opinion that they are currently NOT DESERVING a salary this high, they still would not have wasted these funds in a 'casino' called ERHC ENERGY.

Did I make a valid point? I think they are seeing a sound series of options regarding this play.

[oil-cowboy]

"Do I believe that they used corporate funds to buy personal shares? Probably not, but if they really invested their own money why are they so incomprehensibly incompetent at raising shareholder value, aka communicating? It's embarrassing."

IMO they know the outcome already