Wow...hadn't checked this in quite a while. Can't even remember how many people told me that there would never be a R/S...and that they would bail if that ever happened. Well, I understand that things change when there are no decent options.
I find it strange that people are still arguing about who is at fault for this share price. It seems obvious to me that when no commercial quantities of oil were found in the offshore assets (blocks 2,3 & 4) ERHC was likely to have issues going forward. Those assets were key to ERHC's future. Could they find other assets to save the business?...well anything was/is possible...but not on the scale of those assets. And ERHC needed something large to offset the large outstanding share count.
Management may be as bad as some think...or not??? I don't know. But I do know that the largest shareholder could have changed any management personnel he wanted...but he didn't. So while PN was not popular with some here...apparently SEO was OK with him. And SEO's share count trumps any of us message board posters.
Like always...we play the investment games and sometimes we win...sometimes we lose. But we should never ever think that we have any influence over a CEO. We are just small time investors who like to be arm chair CEO's. And with all the shenanigans that went on on this message board I never did see that they ever made an impact on the SP. Just people with time on their hands and nothing better to do.
Sorry to see the carnage here. I was so excited with the potential of ERHC. I really thought that blocks 2, 3 or 4...maybe all may have had large amounts of oil. Wish they had.
Badog
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