Replies to post #12360 on Addax Petroleum (fka AXC)

[midtieroil]

I agree about the horse with blinders on. Many have been blind to the actions of management which were almost certain to lead ERHC to the desperate position they are in today. That isn't doom and gloom. That is reality. First one must admit there is a problem. Then something must be done to solve it. I saw it early on and tried to make others aware. Apparently I was right to do so. ERHC is back to .0001 after a 1:100 reverse, with almost no cash, 13 million in debt, an IRS lien, more toxic debt outstanding, no shares left to issue, the Chad block is gone and the Kenya block is imperiled. Maybe a handful can be optimistic about the current situation. I can't. That isn't having blinders on. That is having my eyes wide open and clearly seeing the problem all along.

[lovemelongtime]

Very good point! One must have an open minded approach and not a one sided negative disgruntled view in all of life's endeavors and encounters. I've learned to adhere to this philosophy in my 60 years of life!