Replies to post #356160 on ERHC Energy Inc (ERHE)

[Fernando Rica]

My ERHC friend,

I understand perfectly, we all understand perfectly.

Sitting with dead money for 5 years or more waiting for the "big news" is not a good investing strategy, particularly when management has chosen to operate like a private company.

The ERHC long term shareholders are indeed exactly doing that, and it is by far the best strategy for ERHC.

Selling our ERHC stock at this point is by far the worst strategy, since even Sir Emeka Offor is waiting on developments. SEO is, as you know, the one who gave the green light for the multiyear high stakes litigation trajectory, and the one who is keeping ERHC from bankruptcy.

Going against SEO's strategy at this time is a very bad idea (understatement), despite the fact that you seem to advocate that. But this of course is not going to happen!

But the point here is, which seems to be overlooked every time again: not only the ERHC long term shareholders are waiting, even non-long ERHC followers are following this "wait, wait, wait" 'strategy'...

So those ERHC followers in question, somewhere on the internet, are simply not following their own advice, not to "wait, wait, wait". They are in fact, unquestionably, following ERHC, its whereabouts, and even the ERHC discussions very closely.

Sorry if you can't understand such a basic concept.

The basic concept is that the below ERHC strategy is non-existing in the financial world:

Intensely following very bad stocks/companies in order to be sure to NOT invest in them...

It's just Kafka bullshit.

This made up, baseless, 'monty python' strategy, is also nothing less than rockhard proof of the existence of ERHC shorters being relentless at work to 'manage' their own interests in ERHC.

Pretty simple common sense concept, indeed.

[Fernando Rica]

Over on Facebook there is a big time ERHE shorter, who disclosed to me that he shorted hundreds and hundreds of millions of ERHC shares, and he also told me WHY he shorted so much ERHC shares, in the first place. His arguments:

* He did not expect that anything will ever change regarding ERHC.
* He says that ERHC has been stuck near zero for over 5 years, without any news.
* He wishes me good luck with my worthless ERHE shares.
* He thinks/thought that ERHC was a non-reporting piece of crap.
* He said: no financials, no filings for a long time.
* He said he never expected ERHC to be still around, with a then pending bankruptcy.
* He hoped a revocation would get him of the hook, regarding his shorted shares...
* He could not believe that the SEC Division stopped trying to get ERHC revoked...
* Etc.

But the most important thing he told me is that he constantly has to convey his negative outlook on ERHC to eventual new ERHC investors.

He also admitted that he was not happy (understatement) when he (too late) found out that there was 400 + pages of litigation online, to be found. An expensive, fierce, fight by Big Oil, over just one ERHC block in the EEZ, that took over two years instead of just the expected 3 months. That did not help him much... he said.

I thanked him for his views, and told him I heard about these arguments earlier... indeed excellent reasons to decide to short the hell out of a stock, but always a huge risk, since unexpected things can happen... as did with ERHC.