Replies to post #12499 on Addax Petroleum (fka AXC)

[midtieroil]

Nothing wrong with making a profit unless it is done based on the intentional distribution of Fake News and the suppression of the truth.

As I said, the ERHC share price was never going to go up predrilling because of the slim chance of success, the small reservoir targeted, the price of oil, the dire financial condition of the company, the lack of credibility of ERHC and the lack of any contingency plan going forward.

Sorry that investors were smart enough to realize that, ignored the Fake News and saved themselves a boatload of money by doing so. Their logic proved to be spot on.

[manuel06]

Everyone here got slickered by management and weren't as astute as they should have been. We all mostly lost our opportunity to either get out with a profit or just a small loss. After the JDZ fiasco those opportunities dwindled for many. So, we were stuck here as there was no money in selling and only the hope of LUCK. Everyone has looked in the mirror and can admit that ERHC has been a failure because of itself , and that, we also took a shot on a minnow company that was going to be a long shot ...high risk /possible high reward play. It is time for some to see the reality here and not blame common shareholders that have lost money on this. What good bring can that bring to our reality. If you live in Canada you can get 50% tax loss back agaist gains ...so better to spend your time looking for winners to accumulate capital gains, to benifit something from ERHC. ALL MO.....as well as there doesn't appear to be a game a foot.
Good luck