My break-even, or in other words, where I go GREEN is at $.0004. That DOES NOT mean that I am selling at those levels. It DOES NOT mean we are worth any LESS than $8.
The 10 cent was a bare bottom estimate from a MODEL. It cannot go lower than that according to that model.
I think not every ERHC shorter and/or non-stakeholder has memorized this quote by now:
I explain that: the entity or person(s) that paid for, and invested time into the 400+ pages of litigation regarding just EEZ block 4 alone, probably (understatement of the millenium) has the majority of the ERHC shares already. Otherwise it would not have been worthwhile for this insider to start and fight this lengthy court-process. ERHC would have simply filed for bankruptcy.
Krombacher owns 10%. The other 90% is held by others, with a huge majority owned by the entity that funded and put time & effort in the courtcase trajectory, which is now in a final stage.
Really? Does that make sense? Anxious sellers? OMG.
Like I said before: shorters and longs will have to wait until news comes out. For longs this is far from a problem. I get the impression that shorters prefer not to wait for news, from TOTAL for instance. And that is probably an understatement...