InvestorsHub Logo
icon url

TFA

07/14/06 2:54 PM

#65244 RE: magicatlast #65242

Magic, you said " I'm guessing that, until these contracts are satisfactorily in place, we will hear nothing on drilling plans, etc.">>>>>

This is just another in a long line of reasons why this company does not communicate with shareholders. There will always be things that are confidential going on, as that is the nature of business. But an inalbility to say anything except "yeah we're under investigation" is pitiful in terms of PR. It is no wonder the sp is where it is.

The only good news about this is when people claim this is a pump and dump scam, you gotta ask "where's the pump?"

icon url

Stay the Course

07/14/06 3:16 PM

#65250 RE: magicatlast #65242

Magicatlast: Agree emailing and complaining ERHC does not affect drilling plans and progress.

The real deal is having some idea of what is going on and hence investors who may not be in the oilpatch having confidence to buy a position in ERHE. While SP languishes, drifste down in absence of any news of any kind. If ERHC refused to provicde even that despite shareholders' prompting, will certainly be a telling event.

Even these few of us in the patch have no idea whether they WB et al doing anything right or not. For all we can tell, Brandhuber just shepherded along the agreements into PSC signings, all based on work done before his watch, maybe piddling away unknown amounts to unknowns like Feltang for we know not what. No evidence to claim a great job or a lousy job. Might be good, might be smelly. We do not know.

Other posters today commented on spending for a top PR firm and nothing. Not even "we cannot talk to you about this or that, but we are doing this and this and our plans are such and such", i.e. normal, reasonable explanations that need not break business confidentiality.

Emeka Offor's influence in this regard remains strong. Buyin could benefit him and us.

IMHO So back to watching grass grow for another year and a half.