Replies to post #8022 on Addax Petroleum (fka AXC)

[justintimer]

I second OC's motion.

[Opus X]

Damn straight OC

[ssc]

They revealed what is behind the curtain with their latest SEC filings. Out of cash, multi-million $ IRS lien, toxic debt still on the table to raise the much needed cash for drilling. 3 months since reverse split and no trace of a strategic investor, only VFIN and friends continuing to dump toxic, dilutive shares on the market.

It would be nice, and fair, if ERHC un-gagged their transfer agent so the extent of the post reverse split dilution could be known, but broke penny stock companies with looming cash obligations and no revenues tend to avoid transparency however possible.

Drilling planned for Q1 2016, today is April 4 2016, price 5 cents. Something seriously wrong with this picture.

[Gremlin9999]

I called ERHC. They called me back. Said the rig is up and in place but could not give me the exact spud date. Must be soon.