You are here because SEO holds common shares?
Can you point out any action that SEO has taken that shows that he is concerned at all about value for the common shareholders?
He and his company CHROME charged the company high interest rates for huge 'management services' for years, racking up large amounts due to related parties which were then changed into convertable debt that was then converted into shares. Over the years he has sold or disposed of hundreds on millions of shares, hardly a vote of confidence.
SEO has used shares (at arouund $.68) instead of cash to reach a settlement in the FAB fraud lawsuit instead of cash. If SEO had high confidence that the shares were going to be worth much more that, and given that he is apparently very wealty, why not use cash and hoard shares? What does he know that you don't?
The company has been used and apparently is continued to be used as a 'piggy bank' to pay for travel to and from Nigeria and London and other junkets. You common shareholders are paying for the AIM listing that , again IMHO, has a very high probability of beign used to strip your value and equity. I would not be surprised if SEO, through yet another shell like Godsonic (assuming that commercial oil is discovered)buys up a slew of AIM shares to snatch the cash.
It is my contention that it is highly likely that some sort of side deal or shenigans with the AIM listing will take any potential for significant profit from the ERHE commons.
That is not to say that there won't be trading opprotunities. There will always be the foxes and the lambs. Many of the 'longs' here that profess to always be accumulating and holding are IMHO the foxes who are continually shearing the gullible sheep here. Notice how some of the most ardent cheerleaders show up just before a run up and then slowly dissappear into the woodwork until the next run.
Regards
P
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