Replies to post #15898 on Addax Petroleum (fka AXC)

[midtieroil]

Actually almost every single one of my opinions on ERHC were exactly right. For example, everybody who didn't listen to my opinion that the convertible debentures were highly toxic and would cause massive dilution lost boatloads of money as the ERHC share price cratered under the weight of billions of shares being issued.

Then there was my opinion that there was something wrong with $2 million tax receivable that ERHC was showing on its balance sheet. Then, that receivable turned into a $2.7 million liability and resulted in an IRS lien being placed on ERHC's assets

Then there was my opinion that pouring more money into the delusion insurance scam was a terrible idea. Anybody that listened to that terrible advice suffered massive losses and lost almost all of their additional investment.

Then there was my opinion that with a meager 18.8% chance of success that the Tarach well was far more likely than not to be a dry hole. Obviously it was a dry hole.

Those are just a small sampling of where my opinions about ERHC were exactly right.

We would all love to hear when other opinions by other people were ever right about anything. Are there any?