It takes approximately 9 months for a non reporting, caveat emptor, previously suspended stock to be revoked and go to zero...
... making short sellers in Canada printing those shares insanely wealthy because they never have to deliver when that happens.
Except...
... with ERHC it has not happened in 4 YEARS.
Care to guess why?
Hint: ERHC has to follow the law regarding the gag order. And that is what it has been doing. Which is why it stopped reporting by ERHC'S own admission with its letter to the SEC which is publicly available.
In the meantime, Total awaits the derisking of the EEZ as Shell is about to fill the adjacent block.
Only non Americans can buy the stock. If you have a citizenship in any other country other than America (or know a friend who does)... there are only 2 brokers that I know of which permit trading... and they're Canadian brokers who refuse to accept American customers.
Erhc shareholders are an elite and exclusive club... holding concentrated shares.
It doesn't matter if we're on the breakout boards, most of those readers can't buy even if they wanted to do so.
The only potential buyer we care about is Total and Total's price
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