iwondertoo
5 hours ago
You do know that a publicly traded company is required by law to publicly disseminate information pertinent to share price. So, if, by some strange, illogical, unrealistic, illegal act there are truly shorts out (which I simply cannot conceive) Any information given out that would show that they are going to be hurt by an increase in share price due to withheld information, would destroy the company even more completely than it has already been denuded of value. ERHE would be impacted by lawsuits by, not only any nonexistent shorts, but by every other shareholder that sold because no information was out.
ssc
5 hours ago
True to form liar guerguerian dickran blaming Russians, Canadians, African Queens, fake Harris County lawsuits, sketched headed short sellers - anything and everything as long as it is far away from the truth. Latest nonsense about a "backstop" with Shell OIl, Total, STP officials and erhc insiders conspiring to hide billions of dollars of deals from erhe shareholders. Of course the twisting, squirming largest erhe shareholder qualifies it all with the dickran disclaimer that something good will happen for erhe "sometime between now and the end of time". His/her bullshit is an ongoing, many years old pathetic joke.
The truth is that dickran and his group of small investors who own close to 2 billion erhe shares don't have any idea what has been going on at erhc for the last 5 years. They don't know what if any assets erhc has, what if any revenues or cash erhc has, how much erhc insiders have been compensated, anything about any deals or partnerships, in short they are completely in the dark. Their sources of information are gossip at a women's oil conference, a switchboard operator, and proven liar and largest shareholder dickran. With all those shares, the controlling interest in erhc, they remain completely in the dark.
What has dickran taught everyone with his/her baseless claims, false rumors and outright lies (thousands of them)? After all these years what do stuck erhe shareholders have other than dickran bullshit like "not based in reality", "share price doesn't matter", and "it's not a lie if you say you believe it"? erhe shares that are on the Caveat Emptor list, trade on the Expert Market, carry OTC skull and crossbones rating, and a company so discredited that most U.S. brokers will not allow their customers to purchase erhe shares. And of course, a share price that has remained near zero through all the dickran bullshit for years and years.
Yes, dickran has been warning about the $8 epic short squeeze since day 1. And he/she has been wrong every day that followed. Unequivocally, embarrassingly, shamefully, pathetically wrong
Krombacher
7 hours ago
Links please to any accusations I've made. I think all I said was that the universe was conspiring against the shorts.
That said, you are right that no one is buying the stock, because if they possess insider information they simply cannot buy the stock.
You seem to be angry.
Try to calm down, you were warned from Day One, so none of this is really news for you. As a chess master, I'm courteous that way...I telegraph my moves before beating my opponent. It's more satisfying that way.
I telegraphed every move before I made it... so you had fair warning all along.
But you dig the hole deeper with your motivating posts. Strange behavior you have.
Krombacher
ssc
9 hours ago
Delusional liar guerguerian dickran thinks he/she can fool people with his latest asinine bullish concoction he/she calls "the backstop". No surprise - no one is buying it or erhe stock. Desperate dickran is now going so far as to accuse Shell Oil, Total, STP officials, Offor, and erhc management of conspiring to keep a deal dickran claims is worth billions of dollars hidden from erhe shareholders.
How deep is the dickran bullshit? He/she says the reason for this conspiracy is to teach short sellers a lesson (the short sellers dickran can't even prove exist) and destroy the Canadian financial system. Despicable, deceitful, desperate belly laugh nonsense of the African Queen, dollars/share, $8/share epic short squeeze, "not based in reality" variety dickran's greed and hubris force him/her to spew out.
ssc
1 day ago
More lightweight bullshit, parroting dickran delusional crap. The success of Ntephe has absolutely nothing to do with stuck erhe shareholders. Same thing for Offors billions. EEZ block 4 is gone, any income over the last 5 years or more has been distributed, and any done deals, mergers or partnerships have done nothing to move the share price away from its near zero home.
erhc in the winners circle? Maybe, maybe not - no one knows because the company refuses to provide transparency as honest, ethical, responsible public companies do. But what is clear is that erhe common stock shareholders are anywhere but the winners circle as they continue to fantasize about a stock that has been stuck near zero for over 6 years. The most bizarre thing is that an organized group that controls more than 1/2 the erhe shares, led by known liar and largest erhe shareholder guerguerian dickran, sit quietly and do nothing about it.
Krombacher
1 day ago
It doesn't make strategic sense for him or me to inform anyone of anything until the backstop is in place.
I still don't think you fully grasp the backstop concept based on your recent post where you think I'm trying to get people to hold their shares while I allegedly unload.
If you truly understood the backstop concept you wouldn't bother even suggesting that.
To address the short seller’s misunderstanding, it’s important to clarify the role of a backstop in a short squeeze scenario and why it would prevent me from selling my shares prematurely. Here's a structured response to clear up the confusion:
---
Response:
It seems there’s a fundamental misunderstanding of how a backstop functions in the context of a short squeeze and why it would inhibit the behavior you're suggesting.
1. What is a Backstop?
A backstop acts as a guaranteed minimum price level, often secured through offering a dividend, or buyout offers ensuring that shares cannot be sold below a certain price. The concept of a backstop creates a floor price that effectively anchors expectations for investors.
2. How the Backstop Prevents Premature Selling:
If I know that there is a backstop in place, I have no incentive to sell my shares below that guaranteed price, even leading up to day T+3. Here’s why:
Guaranteed Price Protection: If the backstop guarantees, for example, a minimum price of $X, it would be illogical for me to sell shares at any price below $X because I would be assured that, at the very least, I could sell at that price later.
Patience Until Forced Liquidation: Knowing that the short seller’s broker will be forced to liquidate the short position by day T+3 at any price, it makes sense to hold until the forced liquidation pushes prices higher. Selling prematurely at lower prices would mean missing out on potential gains, which is irrational for a shareholder with a backstop in place.
3. T+3 and Forced Liquidation:
On day T+3, when the broker of the short seller is forced to cover their short positions, the demand for shares will spike as the broker has no choice but to buy back shares at any price. This is a key point in a short squeeze, where prices can rise significantly as the broker scrambles to fulfill the covering requirement.
Thus, it is in my best interest as a shareholder to hold my shares until this event happens because the forced buying will likely drive prices up, far beyond the backstop price. Selling early would not only go against the logic of holding for maximum gain but would also undercut the very premise of benefitting from the squeeze.
4. Incentive Alignment:
My incentive is aligned with waiting for the forced liquidation event (day T+3) to allow the maximum upward pressure on the stock price. If I were to sell early, I’d effectively undermine my own position and leave money on the table, which, again, is irrational when a backstop guarantees I can sell for a minimum price. Therefore, any suggestion that I would try to offload shares prematurely is contradictory to the fundamental principles of a short squeeze and the protective nature of a backstop.
5. Short Seller’s Confusion:
The misunderstanding seems to stem from thinking that I have a reason to sell shares before day T+3. However, with a backstop in place and the anticipation of a forced cover event on T+3, I would logically hold onto my shares until the market reaches that tipping point, maximizing my return. Selling before T+3 would only benefit the short sellers, not myself or other investors holding long positions.
---
In conclusion, the backstop ensures that I, and other investors, have a price floor that we will not breach before the short sellers are forced to cover their positions. The structure of the backstop prevents any premature selling, and waiting until the forced liquidation on day T+3 is the most logical course of action to maximize potential gains. Therefore, your assumption that I would offload shares early does not align with the realities of how a backstop operates or how investors act in a short squeeze scenario.
Krombacher
Krombacher
1 day ago
In the video, Peter could've introduced himself as director of Elcrest, which he is a director of Elcrest and that wouldn't be lying... if he were embarrassed about a bankrupt ERHC.
Yet he proudly introduces himself as CEO of ERHC Energy and brags about the investment made in Kenya.
They're definitely not acting like they're about to lose all their blocks and go bankrupt.
And that video was taken weeks ago and not yesterday when the share price fell, lol. It was taken in the UK... quite an expense for a supposedly bankrupt company. He probably flew there in a private jet.
On top of that, he encourages the minister of Uganda to increase the ability to invest in that country from 6 months to 30 days, as if ERHC is about to come into a bunch of capital it can use to invest (and pay dividends) with.
Krombacher
ssc
2 days ago
guerguerian dickran simply cannot stop the lies. No where on that video does Ntephe say erhc still has interests in Kenya. The fact is erhc has publicly stated it surrendered its Kenya asset. I guess when it gets to the pathological level, the lying is uncontrollable, hence the African Queen, the thousand oflies about erhe short selling, the dividends, the done deal buyout, the conspiracy with Shell OIl, Total, STP and erhc to hide billion dollar deals from shareholders, and now this latest false quote that "erhc is still in Kenya". Top it off with this "backstop" nonsense that's supposed to happen "sometime between now and the end of time", and everyone can see how delusional and desperate dickran has become.
iwondertoo
2 days ago
I don't know that knowing that he still represents ERHE would be of comfort to me..........but, knowing that he is still connected to ERHE does validate my selling when I did. I wish I had been as astute with other stocks. LOL
BTW...that LOL is pointed at myself, not those who are still holding here, or those who have found some way to buy, I wish you luck, but don't have much hope for it....
ssc
2 days ago
The answers that matter are clear and unequivocal, have been for years:
guerguerian dickran lies about short sellers and a long list of other bullish nonsense.
None of his/her bullish nonsense has ever come true.
dickran squirms and hedges with "sometime between now and the end of time" disclaimer, "not based in reality" disclaimer, "erhe could go to zero" disclaimer and latest delusional "backstop" kaka.
He/she insults Shell Oil, erhc, STP officials, Total and the intelligence of anyone who reads his/her nonsense by alleging they are involved in a conspiracy to hide information worth billions of dollars from shareholders.
dickran is erhe's largest shareholder and has been stuck with close to 400 million shares for years as erhe price remains near zero in spite of dickran's thousands of baseless claims, false rumors, and outright lies.
ssc
3 days ago
If there actually were billions of shorted erhe shares and short sellers that are responsible for a share price near zero instead of dollars, and this has been going on for 5 years, why not a peep from erhc management who, by the way have publicly stated the dire financial condition of the company? Why is the ONLY person continuously hyping erhe short seller bullshit and promoting false nonsense like the African Queen buyer, the Game Stop type of short squeeze coming for erhe, $8/share kaka and all these legal threats without proof any short positions exist, why does that person just happen to be proven liar guerguerian dickran, erhe's largest shareholder who stands to make millions on just a move to a penny?
And why does dickran, after years and years on IHUB of misleading gullible investors with assertions of dollars/share buyout, Total done deal, imminent $8/share short squeeze, why does he/she include a disclaimer of "erhe could go to zero" on other social media? Why the recent appearance of his/her disclaimer "not based in reality"?
Demented, despicable, delusional, deceitful, desperate are factual descriptions based on dickran's history of posting baseless claims, false rumors and outright lies, thousands of them. dickran insults him/her self with things like African Queen buyer, fake spv, fake contracts, nonexistent lawsuits and letters, allegations of huge conspiracy by Shell Oil, erhc, STP officials and Total to hide billion dollar info from shareholders to try and punish dickran's made up short sellers, and so much other nonsense, none of which has ever come true.
So bring it on. Let's see actual proof to substantiate any of your thousands of falsehoods. mba, cpa, cfa but still can't find even 1 short erhe position, all the while claiming billions of erhe shares are shorted. Embarrassing and pathetic.
Krombacher
3 days ago
You don't have much of a case if your 60,000 shares end up making you a ton of money as I'm confident they will...
... too bad the millions of shares you shorted, if any, will have losses that far eclipse the gains on your 60,000 long shares.
You sure you want to claim there are no shorts, while potentially being short yourself? Not wise, if true.
Krombacher
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BearRickPunch
3 hours ago
