Replies to post #14320 on Addax Petroleum (fka AXC)

[ssc]

Sometimes, particularly with penny stocks with poor management like erhc, deals in the works are announced long before they are consummated. Remember when big jane announced a deal in the works? And remembered all the 24/7 kaboom posts attesting to the existence of that rumored deal? Some even called it the buying opportunity of a lifetime, yes? Those are the facts, along with the indisputable fact that the stock trades at .0001 in spite of any attempts to create a new stock valuation paradigm.

[midtieroil]

It is a fact that nobody has leased any of ERHCs blocks after the dry holes were drilled And nobody has leased any of the blocks ERHC hasn't drilled yet either. Sorry if that information is too up to date and too accurate.

Due diligence is still needed to make informed investment decisions whether ERHC is delinquent on its SEC filings or not. Unfortunately they are delinquent likely due to lack of money and the inability to claim they are still a going concern. No legitimate CPA would sign off on that with their financials. They must be ultra ugly.