Replies to post #316777 on ERHC Energy Inc (ERHE)

[midtieroil]

If it were false millions more shares would have been bought and the share price would be going up. Many are not selling simply because there is little to salvage by doing so. I am in that camp.

Exact same scenario as in the JDZ. A few refused to believe for years always hanging on to the hope that published reports were wrong, that the lack of share price movement was irrelevant and that they were just hiding a major discovery from us for some unknown reason. Discoveries are generally announced with much fanfare, not hidden.

[ssc]

Maybe, but if ERHC announces news similar to that from 6/15, will the delusional, fear gap believing, dilution insurance buying holders sell all their shares or will they start working on a new valuation story focusing on the rest of the Kenya block, EEZ (remember the fake $40 million kaboom deal?), JDZ, and Chad, and instead of selling wait for another drop to new toxic debit lows in the triple zeros to buy another block of dilution insurance? That is their history. Besides, if people began dumping, the share price would quickly drop below a penny and then the "too low to sell now" mentality will kick in. Sad but true in the penny stock, looking for a lottery ticket world.

Hope is a good thing, but denial is a killer.