ERHC Energy Inc (CE) (ERHE) Quote

RubyMartin (continued),

Just to add one more perspective—if you’re trying to avoid SpeedTrader’s per-share fees, the only real alternative is to try buying the shares in Canada.

But that path is a minefield:

1. Canadian Capital Gains Tax – You're now taxed under Canadian law, which often comes with higher rates and stricter rules.


2. Cross-Border Accounting – You’ll need Canadian tax prep and U.S. tax prep. That’s two sets of accountants or software, and a headache at tax time. You might even need a cross-border CPA.


3. Intermediary Costs – Unless you already have a Canadian brokerage account (rare for most Americans), you’ll likely need a middleman—someone willing to buy on your behalf. And they don’t work for free.


4. Logistical Barriers – Opening a Canadian brokerage account as a U.S. citizen is increasingly difficult, often requiring physical presence, residency ties, or documentation most investors don’t have ready.



So yeah, SpeedTrader may not feel like the “easy button,” but when you compare it to the alternative—it’s the only real option for U.S. buyers.

And the irony? That friction is part of what’s keeping this window open. By the time it’s “easy,” it may already be gone.

Of course, there’s a third alternative some people float:
“Why doesn’t ERHC just get off the Caveat Emptor list?”

Simple—because doing that gives away the very advantage it currently holds.

Getting off the CE list would mean filing detailed financials and updates, which may sound great on the surface—but that information wouldn’t just be read by longs. It would also be used by shorts to time and manage any potential squeeze. They want transparency because it helps them control the outcome.

By staying silent, ERHC keeps them in the dark. And in a dark room, the sharks don’t know which way to swim—or when the net drops.

That silence may be frustrating to some, but for others, it’s the best setup we’ve seen in years.

—Krombacher

RubyMartin,

Totally fair points. Everyone has a different risk threshold, and no one should bet more than they’re comfortable with. That said, you’ve just outlined the math why this setup is so asymmetric.

You’re concerned about risking $10,000 on 10 million shares… but your upside target is $8 per share. That’s $80 million on a $10K outlay. Even if the outcome is only partially realized, the potential ROI dwarfs the commission.

SpeedTrader’s per-share commission model is a barrier by design—it filters out volume-based speculation. But sometimes, paying a premium to access the trade is the trade. The very reason this opportunity still exists is because most people won't act unless it's easy—and this isn't.

As for me, I already hold a large position and have no plans to add more at this time. Sometimes the best move is patience—not because of doubt, but because you’ve already placed your bet and don’t want to tip the board by leaning too hard on it.

I’m not here to persuade. But if you’re staring at the door and wondering what’s on the other side… just know some of us are already sitting inside, quietly waiting.

—Krombacher

Ssc / Badog,

Let’s get a few things straight.

My SEC Form 5 filing wasn’t late—it was filed within the window allowed for late-year transactions. And even then, if the shares I acquired were in fact naked shorted shares, as evidence increasingly suggests, then the filing was done out of an abundance of caution, not obligation. So the narrative that I was “dragged into transparency” is just more projection from someone who’s never had to disclose anything—because they’re on the other side of the trade.

As for moving the goalpost? If you think I’ve pivoted over time, you’re right—because strategies evolve. The world changes. Legal postures shift. Drilling windows open. I follow the data. And if that bothers you, maybe it’s because the data isn’t favoring your position.

Badog, you ask why I post instead of sitting back quietly. Here’s why: Short sellers have had 7+ years of narrative control, using silence to discourage longs and mask their own exposure. I’m simply matching fire with light.

If you truly believed the story was over, you wouldn’t be here every day trying to convince everyone of it. You’d be gone.

But you’re not. And neither am I.

So yes—I’ll continue to outline scenarios that fit the facts. Not because I need to convince anyone… but because I’m already positioned.

Krombacher

Badog,

Let me tell you why you are the ultimate F O S
That's why I limited myself to $12 for 60,000 shares If this ever even hits $1 I'll cash in for $60,000 and all it cost me was $12. I expect to lose my $12 but what the Hell...I'm a big spender.
First of all: you lost north of $50.000,- in working hours. Whether you accept this fact or not. Once this is over (it will at some point, either way), you will realize this, the hard way.
Then: what you don't mention, and what is FAR more likely, is: it will not hit $8,- or $1,- but you always take that extremely unlikely figure because: if it only his 10 cents... you are virtually empty handed here after thousands of posts and all those working hours... you would walk away with $6K, I would walk away with 5 million.... so, FOS again.

But most of all: look at your posting regime of even the last days: it is highly disciplined. Let's imagine (lol) that you are really driven by altruistic reasons solely (while it is virtually impossible to buy stock and there is hardly a market for Skull & Bones stocks, and these types of investors don't need your 'advice' anyway, they are not novice investors): your disclipline (and that of your homie ssc) would be understandably less disciplined... it would not be your number one item on your daily agenda, like it is now for you.

This degree of relentelessness in posting style can only be driven by ONE MOTIVATOR: MONEY. (Money makes the world go round, wars are mostly over money, (some) people even kill for money).

You might say again that I'm 'babbling' but like I adviced you before: just ask in your 'innner circle' of friends and family... you will find out that I'm right.

So when I look up the phrase FOS ... AI would tell me: badog & scc....

I understand RubyMartin. That may be why no one else is buying either. Like you say, buying in the millions sets one up for a large loss if this doesn't work out. That's why I limited myself to $12 for 60,000 shares If this ever even hits $1 I'll cash in for $60,000 and all it cost me was $12. I expect to lose my $12 but what the Hell...I'm a big spender. LOL

Badog

I question things that don't seem logical and appear to be pure speculation with little or no merit. If that is your definition of bashing then so be it. It's not mine. I would cheer for the sp to go to $8....but that won't help. The $8 share price is like respect....you don't just get it because you want it....you have to earn it. We will see.

Badog

You are wrong. Hes not framing anything as a moving goal post. Hes stating a fact that you are a known liar and continue to lie in almost everyone of your posts. Your moving goal post is nothing more than deflection on your part.

Again...why not? $10 plus commission and $35 gets you 100,000 shares....x $8 = $800,000...

I would want to buy in the millions. $.0009 commission per share. So each million would cost $1000. 10 million shares would be $10,000 and not $1000 (which I'd be happy to pay). We both know $8 is not promised, and when this will pop also isn't promised. So where I'd be happy to risk $1,000. I don't want to bet $10,000.

You and your cronies Heavily BASH the stock everyday and day after day...Some that may speculate don't bother because it is not worth it to have to listen to you and them all day everyday...Unique circumstance also .

I would (buy on Speed Trader) but I don't like the commissions cost, and then $35 per month fees.

If this is going to $8 after the supposed agreement with Shell and the massive short squeeze it would seem that the commissions and a one month fee of $35 would be miniscule...right? So why else is no one buying thru Speed Trader....or thru Canadian brokers for that matter. Haven't we been told that Canadians can buy this thru their brokers? Yet no buying. Again...why not? $10 plus commission and $35 gets you 100,000 shares....x $8 = $800,000....right? Who wouldn't do that. I did. Except I paid $12 for 60,000 shares. If I hadn't followed this for 15 years or more I doubt I would. Management that won't communicate....delisted....no filings....etc.

Badog

I have to agree with this simple question. "why aren't American's buying ERHC if it is available on Speed Trader"

I would but I don't like the commissions cost, and then $35 per month fees.

Not everything unfolds on your timeline. Some of us are willing to wait longer than others can hold their breath.

Then why not just sit back and wait to see what happens. You constantly push new scenarios as the old ones evaporate. Your scenarios are not going to change the outcome, they are just a way to promote...an attempt to try to attract new buyers and a way to try to get fictional shorts to cover. Maybe it's just your means of entertainment. Who knows. But as your scenarios have never moved the sp I don't see the purpose. They won't change the story's ending.

Badog

You have been moving the goal post for more than a decade. You have come up with one fantasy-based bullish scenario after another. It used to be a "done deal buyout by Total" based on pages of redacted wording, all of which resulted in nothing. Now the buyout is abandoned and it's all about a "backstop" and squeezing of shorts that you cannot prove exist. It's all about erhc paying some type of dividend while there is nothing to indicate that is based in reality.

And don't brag about disclosing your position. Your disclosure came a year late, following months of your asinine claims about "a new erhc paradigm" where SEC regulations didn't apply and saying I was wrong when I pointed out the reporting requirements. You were dragged kicking and screaming into transparency because of your ignorance of disclosure rules. Surprising considering all the credentials you flaunt, but not unexpected for a blowhard that can't deal with reality.

Ssc,

I see the angle you’re working. You’re trying to frame everything as a moving goalpost—“July, or maybe August, or maybe the year after that”—as if anticipating different outcomes somehow invalidates the core thesis.

But here’s the reality: the only people obsessed with timelines are the ones trapped on the wrong side of them.

You mock dates because you’re desperate to paint this as delusion. But speculation with logic is not lying—it’s investing with incomplete information, which is what the entire market does every day. The difference is that you want everyone to stop speculating, except you.

Let’s talk facts:

I disclosed my position transparently. You twist it into conspiracy.

The company is quiet. You call it collapse.

Volume is low. You call it abandonment.


But low volume isn’t always disinterest—it can be lockdown.

You say I "refuse to tell the truth." No—I refuse to tell your version of it.

You claim there are no shorts, no upside, no structure worth anything. And yet, you’re here—day after day—trying to bury something you say is already dead. That’s not confidence. That’s anxiety disguised as sarcasm.

And about “July”? You mock it not because it’s fiction—but because you’re worried it’s not.

Not everything unfolds on your timeline. Some of us are willing to wait longer than others can hold their breath.

—Krombacher

When I remind everyone of the many lies you have told, it is proof that you are a liar. Observable facts about share structure show authorized shares are about maxed out, that insiders haven't bought shares since being wiped out by the reverse split, that you are the only 10% or greater shareholder, and by your own admission your group owns the majority of erhe shares. The observable facts also show no erhe short positions. The observable facts show erhe price near zero and volume near zero for more than 7 years. Those are the facts and they are documented in history as are all your thousands of lies you pathetically try and pass off as speculation.

The list is not the same, as it gets updated on a regular basis as you come out with one new asinine bullish claim after another. The latest is this ludicrous preferred stock dividend prediction and your big pay day coming in July (or in typical dickran squirming style the month after, or the year after, or the year after that). You say events haven't concluded yet, but the events are products of your delusional, demented, greed and hubris driven psyche. Where are the documented facts to prove any of your claims?

and another big trade of ERHE shares 328 share traded

hay shorts quit spending my money on commissions i want to make all the pain upon you when you have to cover.

ROTFLMAO

jmho

Ssc,

You repeat the same list of talking points every time. But repetition isn’t proof, and sarcasm isn’t a substitute for insight.

No one here is asking anyone to believe in fairy tales. What I’ve done—and will continue to do—is follow logic, documented history, and the observable facts about share structure, legal history, and regional developments. The rest is speculation—on both sides.

What you dismiss as “silence” is what some of us recognize as leverage—especially in a situation where quiet maneuvering may offer more long-term advantage than premature publicity.

You say it’s “not working”—and yet you’re still here, arguing. That says more than anything else.

As for July, August, or beyond? You mock timelines while ignoring the real question: Why haven’t events concluded yet, if this was over years ago?

Because it’s not over. And that, I think, bothers you more than you’d ever admit.

—Krombacher

Another desperate, deceitful claim from known liar and largest erhe shareholder guerguerian dickran: "the silence is working". If erhe share holders like a stock price of $.0001 and being kept completely in the dark for more than 7 years, then yeah, it's working lmao. What's not working are the thousands of baseless claims, false rumors and outright dickran lies about everything from buyouts to short squeezes to dividends to deep sea divers searching for oil at the bottom of the ocean, all in a greed and hubris driven campaign to try and recoup hundreds of thousands of dollars in erhe losses. It's not working.

Sorry if those things sound like sarcasm or hyperbole. They are neither. They are actual, asinine dickran hype, none of which ever became reality. Now we wait for July or, according to dickran, maybe August or September or the month after that or the year after that. Pathetic, despicable bullshit.

StrategyOne,

ssc’s mockery aside, your question is exactly the right one to be asking. It’s not rhetorical—it’s directional. And you’re right: a functioning market depends on transparency, accessibility, and participation.

But markets are also shaped by perception. And when perception is shaped by missing context, strategic silence, or simply a misunderstanding of what’s still in play, it creates a vacuum. That vacuum looks like low volume, lack of interest, or irrelevance.

But sometimes that vacuum is the last breath of calm before something resurfaces.

The shares are available. The structure is extremely tight. And contrary to popular belief, not every significant action must be telegraphed—especially if the company is still non-reporting and the stock is under caveat emptor status.

I can’t speak for the company. But I can say this:

Those who don’t understand why there’s silence may be the very reason the silence is working.

—Krombacher

You keep quoting munger but you dont follow his advice. Typical troll-phoney.

Don't you believe erhe's largest shareholder after he has repeated hundreds of times that the silence is all part of a billion dollar conspiracy between Shell, Total, STP, drill rig operators, deep sea divers, an African Queen, Offor, erhc management and sketched heads to punish the nonexistent short sellers? Forget about SEC compliance, fiduciary responsibilities to shareholders, annual meetings, financials, share structure, material event disclosures; forget about everything it means to be a publicly traded company; and forget about anything even closely related to facts and truth. Just trust in desperate delusions about billions of triple zero naked short shares, preferred share dividends, dollars/share done deals, $8/share short squeezes, and backstops created and promoted by someone stuck with 400 million erhe shares facing hundreds of thousands of dollars in losses. But don't hold your breath waiting for any of those asinine claims to actually materialize

As much as I don't want to get in the middle of this back and forth banter......

I have to agree with this simple question. "why aren't American's buying ERHC if it is available on Speed Trader"

Whether one loves or hates ERHC, I believe the company itself must come out and provide a reason for any future transactions. No speculation, no reading between the lines, no guessing from other potential future partner companies Press Releases....... ERHC needs to do something for themselves and shareholders to create a market for their shares. It is really that simple.

GLTA

Americans can buy erhc at SpeedTrader, FYI

Then why aren't they?

Badog

Americans can buy erhc at SpeedTrader, FYI

Consider the source. peterj was exposed as a liar just like dickran with his very first posts. No surprise he has nothing to say about erhc, just dedicates his time here to attacking those who post the truth about dickran and the facts about erhc. How demented and desperate are these guys? Remember when it was pointed out that kingpin on this board has never offered support for any of peterj's claims, dickran jumped in and claimed he was referring to some fictional super hero character?

What else can they do with erhc management silence and share price near zero for more than 7 years but lie, lie, lie, or as dickran puts it "speculate" lmao.

Kingpin... think about it... what is going on here.
Let it sink in, Kingpin.
Think about it, Kingpin...

What's your obsession with convincing kingpindg to agree with you. You seem to do it often.

The fact is that anyone can post whatever they want. You never seem to dispute ssc's facts...you simply flail your arms and kick your legs at the idea that he does post. I've seen kids at the grocery store who do the same thing when they don't get what they want. I understand that you do not like his posts but maybe you should try to dispute his facts...and prove him wrong instead of your normal babble and complaining. Maybe you would prefer to speculate about the future. I don't care. If you can present a better case for impending riches so be it. But history shows that every speculation has turned out false. Does the latest email from Shell IR prove that ERHC has procured some consideration regarding block 4? Who knows. But when the narrative went swifty to not disclosing any future email responses that was a red flag indicating that someone wanted to use the first email as positive speculation and didn't want to take the chance of a second email blowing it up. I tend to believe Shell would not say anything more anyway because they said it was confidential so I'm sure it's a mute point. Again....I see no change in volume or sp so apparently no one cares about the Shell email.
Yawn.......

Badog

What needs to be considered is this:

dickran's 10%, 400 million share ownership is just a punchline. The joke is that erhc insiders own very few shares and have no interest in adding any value for a group of triple zero minions following a long time loser that owns most of the erhe shares, no matter what Shell might be doing. There are more than 7 years of actual, factual proof of this. When a public company goes rogue and refuses to make filings or share material events with shareholders for more than 7 years, the likelihood of them sharing any riches, past, present or future, is about as low as the erhe share price.

Charlie Munger would say: then you pick your stocks well, to do DD on.

When, at what point, does your own conclusion sink in?

Kingpin... think about it... what is going on here. These guys are more relentless followers than... a level of altruistic behaviour that nas never been seen or matched witin the investment world...

Think about it, Kingpin...

ssc didn't want the share price to go up... by his own admission!!!

badog refused to say something intelligent about the reason for someone to post more than 8000 posts... without any financial motive...

Let it sink in, Kingpin.

This has nothing to do with Krombacher... but everything with ERHC.

Just common sense.

Speculating on that I would say if there IS some kind of confidentiality agreement between Shell and Erhe concerning blk4 EEZ then we could also speculate that the confidentiality deal is some type of cash compensation or buy out.

What needs to be considered is this:

dickran's 10%, 400 million share ownership is just a punchline. The joke is that erhc insiders own very few shares and have no interest in adding any value for a group of triple zero minions following a long time loser that owns most of the erhe shares, no matter what Shell might be doing. There are more than 7 years of actual, factual proof of this. When a public company goes rogue and refuses to make filings or share material events with shareholders for more than 7 years, the likelihood of them sharing any riches, past, present or future, is about as low as the erhe share price.

If there were anything that would make us all winners,.. then great. I can't wait. But we've been waiting a long long time during many similar speculations that were going to make us rich. Unlike many here I don't just buy into every new speculation. Like I said....if it works out then great. If you can get Shell to elaborate you might have something. They won't. So who knows what they meant. I'm anxiously awaiting my $480,000 same as I have been doing for years.

Even if ERHC was granted some sort of compensation related to an oil find....there would have to be an oil find. No one seems to consider the possibility that there might be no oil found...same as in the JDZ.

Badog

Back to speculating again, what if the IR at Shell was actually talking about a specific confidential agreement they have with Erhe energy on blk4 eez.If there is such a deal then we possibly could all win including Peter J .

you must be as smart as a rock, spending your valuable time here

I'm not the one hugely underwater. Do you know who is? Clue....there are 70 of you....eh?

I have noticed on more than ONE occasion that you have problems with comprehensive reading...

Just can't help yourself. You're babbling again.

Ask Kingpin what he thinks of your motivations for posting like crazy here.

Unlike you, I don't worry about what others think. What I think is what matters. You reference kingpindg because you think he has credibility...unlike yourself. You don't gain any credibility this way. You seem to know that no one cares what you think.

I bought 60,000 shares for $12....so I win either way. There is only one way you win genius. And you have been waiting for years with no luck.

Badog

Peter....you are babbling without any knowledge of my situation
I know that you are a Berkshire Hathaway owner... lol. You must be as smart as a rock, spending your valuable time here... we all can figure out why.

You and others pretend you know what truth is yet you have no validation.
I have noticed on more than ONE occasion that you have problems with comprehensive reading...
Maybe stick to facts.
The fact is what Shell IR wrote me, And that you started spinning...

I you were smart back then, you would have bought a few tens of millions of shares when it was possible, for a few $K. Because there still is a chance that something might happen...

Now you lost several $10K in working hours, no matter what happens, all for 'the good of the world' ...

Ask Kingpin what he thinks of your motivations for posting like crazy here... ! Ask him, private. Ask.

As I said, when invited to join the SPV, I prefer to make my own decisions regarding my investments and will continue to do so.

However, to put your mind at ease, I will let you know that I do not intend to ask anything about any agreement that may or may not exist between Shell and ERHC.

So I will let the poster I asked, Peter J, respond, and if he wants to tell me to find the address on my own, I will respect that.



.

It's none of anyone's business including yours
Your response to kingpind is exactly what I mentioned earlier. You want this to remain confidential. If Shell disclosed more....the info might not be what you wanted....might not allow you to maintain your speculation. That is your fear. And by the way.... it's none of anyone's business....including yours... what kingpindg does or does not do. You don't control the actions of others.



Badog

"We're asking Shell IR not to respond"? "Billions at stake"? Tiny, triple zero, non-reporting company and a band of stuck penny stock gamblers now calling the shots for Shell. lmao. Known liar and erhe's largest stuck shareholder has gone completely off the rails.

To newest alternate dickran persona: Care to defend any of those lies on the long list I posted? It included outright lies about things like cease and desist orders, African Queen buyers, dollars/share done deal buyouts, signed contracts by spv members even though no spv exists, lies so egregious about erhc's transfer agent that a representative from the transfer company actually was compelled to join IHUB and defuse those lies, lies about kaboom rallies, lies about Offor owning all the erhe shares, and thousands of lies about erhe short selling.

No.

This information that only Shell has must be kept under wraps and not shared with us.

It's none of anyone's business including yours... that's why it's confidential.

We're asking Shell IR not to further respond to this inquiry.

Billions are at stake here. Let's not screw it up because you've run out of patience.

Stop this foolishness!

Patience, patience, patience.

The shorts must suffer!! Don't let them get off with a mild slap on the wrist. Their punishment must be more severe!!!

Wait for the backstop!

Krombacher

Fact is you have tried to propagate many lies. African Queen sound familiar? Thats just one of them.

Peter J, what email address did you use to contact Shell IR? 
Thanks.

.

To quote you. Greed, bull shit, hubris driven falsehoods, lies , deception, denial, delusion. Did I miss anything? The rest of us are having a discussion about Erhe’s current situation and speculating about possible scenarios and all you can counter with are these ugly words constantly posted attacking Erhe’s largest shareholder Dickran Gargarian? Very weak.

The clock is ticking, the EEZ is hot, drilling again in blk10 this July confirmed. Shouldn’t have bet against Erhe.

Great summation Krombacker. No one should mistake speculations, objective opinions and dot connections for lies , deceit and deception. That type of irrational thinking is complete nonsense.

Obviously you mistakenly saw my post as overreaction simply because the sheer number of lies you have been responsible for is so, so long. But as you know, I'm here so none of your chat bot ai cut and paste bullshit, and greed and hubris driven falsehoods get mistaken for anything resembling the truth. As erhe's largest shareholder, your words carry weight and no one deserves to be conned into buying this stock because you refuse to tell the truth about it. Even erhc's transfer agent had to come on IHUB to expose your lies.

So as you already scramble to make excuses for why your latest July bullshit won't happen, the stock price and volume continue to be undisputed facts and you have indeed been wrong about them for over a decade.

ssc — The Overreaction Says It All

You’re ranting again, which usually means I hit a nerve.

You claim I “falsely” said you know insiders own shares. Let’s clarify: I said you know insiders own actual shares, and the rest of us likely hold shorted paper—because you’d have to know that if you’re tracking the true float. If you’re not short, then your obsession with share ownership structure and transfer agent logistics makes zero sense. You’d have no skin in the game—and yet, you show up to police this board like it’s your full-time job.

You say no one would short billions at .0003. But if you believed the company was going to be revoked and the ticker delisted, that’s exactly the kind of reckless, naked shorting that happens. And when the company didn’t die and the CE lingered with no filings, the position couldn’t be closed. You don’t have to admit it. The behavior tells the story.

As for your claim that I've been wrong 100% of the time—you're the one who said ERHC was going to be revoked and dead. But the SEC dropped the case. You said there were no legal filings—then came the Caveat Emptor. You mocked drilling timelines—then STP confirmed Block 10 drilling this summer.

And now you’re here, yelling into a thread with no volume, no upside, and (according to you) no hope.

So why are you still here?

Because you’re not protecting retail. You’re protecting your position.

And the clock’s still ticking.

—Krombacher

Known liar guerguerian dickran's "speculations" have been wrong 100% of the time. They include outright lies about things like cease and desist orders, African Queen buyers, dollars/share done deal buyouts, signed contracts by spv members even though no spv exists, lies so egregious about erhc's transfer agent that a representative from the transfer company actually was compelled to join IHUB and defuse those lies, lies about kaboom rallies, lies about Offor owning all the erhe shares, and thousands of lies about erhe short selling. Clearly "speculation" has a different meaning in dickran's demented, delusional, desperate, deceitful, despicable, greed and hubris driven world.

And in typical squirming style, dickran is completely deflecting and avoiding his latest false claim that I know erhc insiders hold large erhe stock positions. Of course I know no such thing, and seriously, who in their right mind would contend that short sellers shorted billions of erhe shares at prices near $.0003 and lower?

No twisting needed, your falsehoods are obvious and speak for themselves.

Breaking News: Speculation Still Not the Same as Promising Santa Claus in July

Apparently, SSC needs it spelled out again—so here goes:

Yes, I’ve said July might be a key month. That hasn't changed. But if results or announcements shift into August or September because we’re dealing with Africa, Shell, and confidential agreements, that’s not called lying—that’s called living in reality. Shocking, I know.

Now, I get it—SSC treats any forward-looking statement like I etched it onto Moses’ stone tablets. When I say “this could happen,” he hears “this will absolutely, unconditionally happen or else Dickran is a fraud.” That’s not debate. That’s fan fiction.

Maybe he truly can’t grasp the nature of speculation—despite the countless times we’ve explained it. Or maybe it’s something deeper.

Here are a few working theories from the Dickran School of iHub Psychology:

1. Terminal Literalism – A rare condition where someone thinks “probably” means “definitely” and “estimated timeline” means “signed contract with God.”


2. Displacement Disorder – Possibly sitting on a short position that’s starting to look like a bad idea, and lashing out brings emotional relief.


3. Comfort Clinging – Needing to grab hold of any imperfect prediction so he can scream “gotcha!” and feel momentarily in control of an otherwise terrifying financial position.


4. Agent of FUD – (Fear, Uncertainty, Doubt). Purpose: keep longs demoralized and distracted, especially if they’re inching toward being right.



Whichever it is, the pattern is clear: he’s not here to discuss. He’s here to pounce on anything that doesn’t age like a ripe avocado and spin it into evidence of conspiracy or incompetence.

Meanwhile, I’ll keep doing what rational investors do—analyzing, adjusting, speculating. I never claimed to control the news cycle, the timeline, or the oil reserves. I just follow the logic where it leads. Sometimes it pans out. Sometimes delays happen. Welcome to investing.

And SSC—when you inevitably twist this post into “more lies from Dickran,” I’ll be over here speculating… while you work on your next manifesto.

Krombacher

Excellent summation Badog. I might add we do see signs of life to speculate on but I agree with you!

RE: Litigation, Block 4, and Strategic Silence

Because of ERHC's silence none of us know what is going on with ERHC which leaves anyone to speculate. I'm all for a great outcome with a high sp but you know how skeptical I am of that. All we can do is wait....like always...to see if anything new develops. Like I said...there is no way Shell is going to elaborate on the confidential agreement, whatever it is. They can't. It's confidential. They won't even elaborate on what agreement they meant. So anyone is free to speculate. You have....and will continue to do so. None of this will change the outcome...whatever it will be. But in the meantime you certainly seem to want the imaginary shorts to cover. Yet you say you don't. If you are so sure of the outcome you should probably forget the shorts. If it all plays out the way you speculate ...and shorts do exist....you will get what you want. But so far, your track record of speculations hasn't been so great. I don't know of any that have come to life.

Badog

Known liar guerguerian dickran is never at a loss for answers. The problem is the answers shift and squirm to fit every new dickran narrative of the day.

Not long ago dickran was claiming erhc was doing an audit to determine which shares were real and which were purchased from naked short sellers. Then nothing but silence on that issue. Now the story seems to be that the close to 2 billion shares owned by him/her and the small group of investors (which dickran was caught in another lie with asinine stories about an spv) own the naked short shares. Why this ridiculous new twist? Apparently in an effort to show erhc insiders actually own billions of erhe shares even though SEC records show no insider buying since the reverse split wiped them all out years ago, and no one owning more than 10% except, you guessed it, liar dickran him/herself. The most glaring, asinine flaw in the eggplant ointment is that for this latest nonsense to be true, naked short sellers would have shorted close to 2 billion shares at prices in the triple zeros. It does not get any more flawed and ridiculous than that.

In a desperate and deceitful assertion, dickran states that I know insiders own all the shares even though I believe just the opposite and all the facts support my view. Just another delusional, demented, greed and hubris driven lie from erhe's liar-in-chief and brunt of the big erhc insider joke:
dickran's 10%, 400 million share ownership is the punchline. The joke is that erhc insiders own very few shares and have no interest in adding any value for a group of triple zero minions following a long time loser that owns most of the erhe shares, no matter what Shell might be doing. There are more than 7 years of actual, factual proof of this.
Now waiting for July (or most likely sooner) for dickran to be exposed yet again as the big July pay day "speculation" crashes and burns.

RE: Litigation, Block 4, and Strategic Silence

Badog, these are valid questions—and I’ll take a swing at each rather than dodge them.

1. “How much money does ERHC have now to litigate a prolonged lawsuit over Block 4?”
We don’t have audited financials, but there are clues:

PN has been seen attending key energy events.

Lynda is reportedly still on payroll.

ERHC filed a formal International Caveat Emptor in December 2023, which would require legal preparation and precision.

And let’s not forget: if the Starcrest deal was completed, it may have quietly provided liquidity without public fanfare.


All this suggests the company is still operational and not running on fumes. That doesn’t mean they’re flush with cash—it means they may have quietly positioned themselves for what comes next.

2. “What are the odds they’d prevail in a lawsuit?”
You’re assuming this is a litigation-or-bust scenario. But it’s far more likely that ERHC’s legal posture is being used as leverage—quietly. If ERHC had longstanding rights under the 1999 agreement and those rights were not properly extinguished or addressed, a strong case for compensation or royalty participation exists—even without winning full control of Block 4.

Courts don’t just look at who has the block now; they look at how they got it. Process matters, and if that process overlooked ERHC’s rights, then that’s actionable—whether in court or via settlement.

3. “What was their plan to move Block 4 forward?”
Maybe they had one. Maybe it became irrelevant once Shell moved in. You don’t execute a full development plan when a major is about to take over. The smart move is to position yourself for monetization or partnership.

4. “How does a confidential deal help shareholders?”
If the deal is structured to trigger value upon certain conditions—like commercial discovery or project milestones—then confidentiality is temporary. It also prevents premature speculation or manipulation while backstops like a preferred dividend are being prepared. You don’t open the gate until the defense is ready.

5. “But the share price is still .0001…”
Of course it is. That’s what a suppressed stock looks like during maximum uncertainty. What it doesn’t mean is that ERHC has no value. It means the story is under wraps—possibly for a reason. We’ve seen this pattern before in microcaps where asymmetric information creates a deep value lull before major movement.

So, while you’re right to ask questions, the absence of answers doesn’t equal failure. In this case, silence may be the setup.

—Krombacher