An advice to all ERHC shorters:
Whatever you do, DON'T MENTION THE CONTRACT!! NEVER!!
***
Warren Buffett was clear in mentioning that no company's condition can be judged by it's share price.
Wouldn't that be something: just looking at the share prices of an OTC company, or any other company for that matter, and consider that proper DD done. Then investing would have been an easy game, wouldn't it? Producing lot's of 'Warren Buffett's' I'm sure.
But this of course does not make any sense, since past performance is never a guarantee of future results.
"Pretending that being stuck in the triple zeros for over 3 years is a good thing..."
Longs are not pretending. They don't have to.
"But for now it continues to be a loser for stuck shareholders with no way out."
The insider with superiour knowledge about what is going on behind the scenes, does not feel 'stuck' with 'no way out', near the end of a lengthy and expensive litigation trajectory! Again: OMG. I dictated this common sense remark yesterday...
It has been explained by me in great detail on more than one occasion here. Other longs also don't feel stuck, since they bought most of their shares at current levels, without even having knowlegde of the 400+ pages of litigation and the TOTAL contract... So, obviously for them the situation has become way better over time. For shorters the situation clearly has become worse, since a bankruptcy is further and further away.
"Good luck, maybe some day erhe will see a penny or two."
Just yesterday I said that the shorter have no other option than to wait for news, just like the longs. I know it's hard for them. (By the way: 1 penny is a 2500% gain from the current share price. Eat your heart out, Warren Buffett... )
The Doctor.
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