Par for the course: Shell market cap is about $180 billion and will make an offer to buy erhc for over $150 billion lmao. Sadly, this asinine nonsense is no more ridiculous than the made up billions of naked short shares or the existence of a gag order that forced erhc to stop reporting financials as required by the SEC for over 5 years which resulted in a caveat emptor, grey market stock with price near zero and volume near zero.
Anyone new to erhe should heed the caveat emptor warning and look objectively at baseless rumors of done deal buyout, restrictions on issuing 10 million preferred shares, future dividends and particularly ludicrous claims that erhe stock will be priced at dollars/share in a few short weeks (fyi, those claims started circulating over 2 months ago). Consider the source of these baseless rumors. Most emanate from a small group of erhe shareholders who allege to own over 2 billion shares and have been stuck with no way out for 5 years. More importantly, erhc has been silent and operating like a private company for over 5 years. Caveat Emptor.
The big tip off is that even with drilling in the EEZ for over 2 months, erhe stock remains near zero with near zero volume.
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