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Hal1

02/28/11 5:26 PM

#2803 RE: OTC BB King #2801

The good news came on the heel of bad news, R/S and increase in authorized by 500 milion. This gave the MM's an opportunity to drop the stock some more. I'm suprised they didn't take it down past 2. Well there is tomorrow.
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eastcoast27

02/28/11 6:05 PM

#2804 RE: OTC BB King #2801

There was some decent discussion over the weekend, you're right.

Frankly, I thought that the Harris/Schlumberger point I brought up would be talked about more.

People seem to think that we are still doing business with Schlumberger but not only have we not heard anything about Schlumberger from the front office in quite some time we also have not seen a big quarter-to-quarter jump in revenues...which is what I thought we would see a couple of years ago (or over the past two years) when the deal became revenue producing.

Maybe that deal never created anything because SLB soon realized they wanted to get rid of Global Connectivity Services. Now that Harris is soon to close on the purchase of that division...what are people's thoughts on ERF possibly having a deal with Harris now?

Also, I brought this up either last night or this morning... the pennystock newsletter that circulated earlier this month said $10 million "settlement" with ERF and SLB...does anyone have any ideas as to why that word was used...settlement?

If it's not a lawsuit AND assuming there is some credibility to the newsletter, what could it mean...anyone? Any thoughts?