ERHC Energy Inc (CE) (ERHE) News

Just passing along what was said.

It isn’t up to galp. Just like block 6, they don’t have the skills needed to design a well and drill in this deep water..

Must be difficult going through life so short sighted and not being able to identify facts over bullshit. Just admit you got taken to the cleaners on this one. Get over it and move on.

Youre a proven liar. Nothing more needs to be said.

You proved nothing. As usual .

There won't be any positive news. Why? Because it's just another pump and dump scam.

Yup. Good luck with that. I'm sure that'll work out for you.

Vegasandre,

If positive news develops on ERHE, then there will likely be two possible outcomes (IMHO):

1) News comes out of an outright buyout of ERHE. In this case, no worries on your shares. Those shares will be replaced with $ in your account on transaction date.

2) ERHE could actually file to become compliant again. IMHO, only reason to do this is if some positive event is imminent. If they filed to become current, your shares would become tradable in your account.

GLTA

US Schwab let's me sell not buy. But I'm not selling. Wait and see who wins.

vegasandre...you bring up a good point. Even if there was a short squeeze who could take advantage of it? If you can't buy or sell then you are stuck. Maybe a persons broker could unload it for you...maybe not. Glad my 60,000 share only cost me $12. I'm not in a challenging position. While I would like to get $6,000 for my $12....there may not be a way to do it.
Badog

I'm a long but that doesn't mean I fall for illogical and irrational theories that use some of the worst reasoning ever.
I have been here long enough to know that there are those that will always try to use goofy logic to try to sway those who don't/can't think for themselves. There will always be those that have zero common sense.
While I would like to see an $8 sp...it will not happen. First I do not believe in the delirious short squeeze nonsense. Then those with hundreds of millions of shares will swamp the market if there is ever positive news that would ordinarily help the sp. I'm guessing they are so far underwater they have to try to unload at a price that they can at least break even. It wouldn't surprise me if some are $100,000 + underwater. Maybe $200,000.?? That will necessitate getting others to wait so they can get the best price possible. As I said there is probably lots of money at state here so there will be no waiting for a fictional $8 sp. The 3-4 day required wait is to give someone with kazillions of shares time to unload before the rest. Great plan if you can get others to buy in. When it's all done they will go 'Oh sorry...you shouldn't have believed that story....you should have sold like me'.
Badog

Is that more than the $8 from a year ago?

erhe's largest shareholder guerguerian dickran, creator of all the erhe short selling kaka, made the following statements (in all caps no less lmao):
YOUR POSTS MOTIVATE ME TO TAKE DOWN THE SHORTS. AND I ABSOLUTELY WILL.
One might ask when, or what are you waiting for, since you have been making threats like this for many, many years now? Of course dickran would answer with "any day now" which should mean within the next few days or soon (the accepted definition used by rational people) OR in his/her delusional, deceitful mind and by his/her own admission 365 days from now or 3650 days from now or many decades from now. And, as dickran puts it, it's not a lie if you believe it.

That tells you everything you need to know about erhe short sellers, dividends, dollars/share buyouts, Shell bidding wars, and $8/share short squeezes.

$20.00. ???

If there is the slightest chance of this miraculous ERHE positive news then what would be the effects.?

In the US, I cannot even sell the stock that I own (much less buy any). Even if the lotto numbers came out and stock bumped to the multi cent range due to suspicious international activity.. I can't sell it. I can't transfer it. I can't do anything with it.. Yet it is still in my account. (Merril Lynch)
A dividend though? I guess that "could" be a gamechanger.

So let's, for fun sake, say there is a positive news event.
99.99999 % of the global population cannot buy, sell or would even care to.

the rumoured fantasy shorts cannot unload it. The rumoured major players cant buy it or, in Krom's case= sell it to cash in on their gamble from years back.

if there was the slightest chance of positive news, I would go the dividend route and then immediately file ,at same time frame, the outstanding SEC requirements to get status back on the OTC.

that kind of a magical situation would destroy the fantasy shorts to oblivion.

Well, you're the expert on bullshit here since you've spent 15 years slinging it in this scam.

What's the pps at today? Can you tell me?

Galp slow rolling the EEZ in favor of Namibia.


Pedro Alves – CaixaBank BPI
Hello. Thank you for taking my questions. The first one on São Tomé and Príncipe. I just
wanted to have an update on any exploration developments and targets for those blocks.
And secondly, in Commercial, contribution from the non-fuel businesses continues to look
strong, representing now more than 40% of your Ebitda in the division. Can you give us a bit
more colour on the drivers and expectations going forward? Thank you.

Adriano Bastos – SVP Upstream
Good morning. It’s Adriano Bastos from Upstream. A quick highlight on São Tomé and
Príncipe. We still have a lot of data to look at before we decide where to drill and when to
drill. As a guideline, we are planning to drill by late 2025 and depending on the results, we
will think about our future campaign in country. Thank you.


https://www.galp.com/corp/Portals/0/Recursos/Inv_2Q24/Galp_2Q24_Video%20&%20Q&A%20Transcript.pdf


.

Then why are they here, if not longs? Must be shorts.

Krom....you can't resist assuming that people that don't agree with you must be short ERHC. Thats irrational logic. And those that fall for that logic are every bit as irrational. If there is a payday coming with ERHC shares it will be from some form of positive news and the sp will not hold up when the massive dumping begins. Hundreds of millions of shares...all at the same time. Even one person with millions of shares will tank the sp while trying to unload before the rest. Think what multiple people with hundreds of millions of shares will do.
Badog

One's faith or belief in something does not prove its existence. Whether or not you believe erhe will go to $8/share or you are lying about that, it still does not make it true. Even though you draw a sketch of a head and declare it to be erhe's largest short seller, it does not prove short sellers exist. When you claim "it's not a lie if you believe it", that doesn't change all your thousands of lies into truths.

Perhaps you are so delusional and demented you actually believe the bullshit you post. If so, my condolences. More likely you will simply say anything to try and get out of your stuck 400 million share position without a total loss and that is why I confront and debunk all your falsehoods. Either way does not change the actual FACT, supported by proof, that erhe remains near zero with virtually no buying interest and no actions by management that have changed that fact for many years.

Take down the shorts? The ones you can't even prove exist? With failed bullshit attempts like the African Queen buyer, the Game Stop like efforts, the fake spv, the bogus dividend claims, the Shell bidding war that left the share price near zero, the done deal with Total that never got done, the embarrassing chatgpt nonsense, the Labor Day weekend announcement bullshit, just to name a few, you have definitely earned your reputation as erhe's liar in chief.

I can't prove God exists, but he does.

That's one of many examples.

But everyone knows that short sellers exist and who they are thanks to you. And all the denials in the world doesn't change that FACT.

YOUR POSTS MOTIVATE ME TO TAKE DOWN THE SHORTS. AND I ABSOLUTELY WILL.

Krombacher

More twisted dickran nonsense:
One doesn't need proof for something to be true.
Add it to the ever growing pile of dickran bullshit:

Labor Day weekend deal and/or dividend announcement

It's not a lie if you believe it

Share price doesn't matter

Creation of an spv with 70 investors who signed contracts promising not to sell erhe for less than dollars/share

A sketch of a head with a fake Facebook account created by dickran which he/she believes is erhe's largest short seller

An African Queen will be buying erhe shares

erhc management is compiling a count of non-voting shares

erhc management will pay a dividend on common stock shares

erhc management is paying attention to what dickran posts on ihub

And cease and desist lies, libel suit lies, Offor paying 1 cent/share lies, kaboom rally lies, epic $8/share short squeeze lies, lies about me being short erhe, lies about billions of erhe shares in short position while unable to provide proof any erhe short positions exist at all, done deal buyout lies, transfer agent lies, and on and on and on.

The despicable, deceitful, desperate, delusional, demented dickran bullshit just never ends. Greed and hubris won't allow dickran to stop. Meanwhile, erhe share price remains near zero as it has been for over six years in spite of thousands of dickran baseless claims, false rumors and outright lies. It does matter.

I just checked your quote source.

It says the share price is $1,000,000,000,000,000,000,000 per share.

Seems you have a bullshit quote source.... consisting of short sellers wishful thinking.

Krombacher

You don't seem to know even when you're lying. It's too late to deny that you're a short seller with no qualifiers.

No take backs.

This was your downfall

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163444980

And try as you might, the cat is already out of the bag.

One doesn't need proof for something to be true.

Krombacher

More bullshit.

I think we can agree on the fact that if an OTC issue were to delisted that the share price would be low enough that there wouldnt be any margin calls.

I know what a lie is, I see lies posted by guerguerian dickran almost every day. The most prolific lies occur every time dickran states that I am short erhe stock. He/she does not post it as an opinion, conjecture, speculation or the latest squirmer - a request. dickran has posted thousands of times about erhe short sellers, citing me imparticular, and the billions of naked short shares even though he/she is unable to provide proof any erhe short positions exist, and he states all this as fact. Even said erhc would be counting the shorted shares to determine the number of non-voting shares. Of course that never happened. They are all lies.

As if thousands of examples are not enough, one only need look at dickran's falsehoods about everything from cease and desist orders to erhc existing in a "new paradigm" exempt from SEC regulations, to done buyout deal, to a fake spv and signed contracts promising not to sell erhe for less than dollars/share (even threatened to publicly post the spv documents to "panic the shorts"). Of course there is no spv, no signed contracts, no documents to post. Just more dickran lies. And this dividend nonsense - if that's not a lie then where is any proof to substantiate it?

So where/s the buyout? Where's the dividend? Where's the Shell bidding war? Where's the short squeeze? Where are the dollars/share?

dickran says "it's not a lie if you believe it". lmao. Yes, I understand very well what a lie is and so do you. Your greed and hubris simply won't let you admit it and won't allow you to stop.

You've literally lied about everything here.

Shorts don't exist in a grey market. But you go ahead and keep telling people that to pump the scam.

It'll be more than that minus the funds used for the taxes that were owed.

BEFORE we knew about source oil in Block 4, Kosmos valued the block at 17 cents a share and Oranto next door in Block 3 values the block at 20 cents a share.

But the data gathered on Jaca-1 has resulted in upward revisions to these estimates. Not to mention that oil prices are also higher now.

Now if you're talking about Erhc's backstop, then yes I would argue that only some of the proceeds would be toward a dividend with an estimate around 10 cents a share.

But that assumes there isn't a Total deal on the JDZ blocks that results in a Total buy out at a share conversion ratio of between $1 and $2 a share as the backstop in a short squeeze allowing for $8 a share and beyond on T+3.

If the backstop is $1 or $2 dollars essentially guaranteed by a Total acquisition then shareholders will simply wait until T+3 because they already know they're rich.

Krombacher

Hell...even if someone was to offer ERHC $100,000,000 for their rights to Block 4 EEZ (if they still even have any) that would only equal $.04/share if it were all attributable to the sp. And who knows if anyone would give ERHC that much to walk away anyway. Again....the players could just be waiting ERHC out and let the rights expire. I'm not expecting much here. And I would be very surprised if there were any shorts to speak of. But this short squeeze theory is just a scheme to keep each other from selling first IMHO.

And I wouldn't doubt that Offor and friends would find a way to latch onto most of the money if there were ever any to be had.

Badog

I have not lied about anything.

You simply don't understand what a lie is or don't know how to read effectively.

Krombacher

Why continue to put this nonsense about a dividend or buyout announcement out there when you have no facts to back it up? Suddenly deciding to call a lie a "request" doesn't change the blatant bullshit you posted. Why aren't you "requesting management" to explain what happened to block 4? Why imply that management pays attention to anything you say? Yes, Labor Day will come and go and the pile of dickran bullshit will continue to grow and grow.

Do you truly believe that the best way for someone with 400 million shares and leader of a group that supposedly owns close to 2 billion shares to communicate with management is thru posting on ihub? lmao.

How is that request for management to tally up the number of shorted shares coming along? Another dickran doozy.

And why did you feel the need to lie about your "spv" and signed contracts? For that matter, why do you feel the need to lie about almost everything you post?

Where is the dickran Shell bidding war? Where is the dickran dividend? Where are the dickran dollars/share? Where is the dickran $8/share short squeeze? Where is the total destruction of your made up short sellers? Were those things and all the rest "requests" or speculation or tiny fibs or bullshit or just plain lies? A rose by any other name... All everyone can see is dickran greed, hubris, delusions, desperation and deceit.

Couldn't wait until morning? Lol.

If you actually read what I said in my labor day post, I was requesting management to make the news announcement on that day ***or*** at least on a Friday.

How you suddenly can claim you debunked a labor day caper is beyond me.

No claim was made in that post only a request.

But it matters not...I get it. Shorts are nervous.

I mean just look at ponzi's nonsense about purchase margin, when I'm talking about margin calls on short sellers not on purchasers.

But I don't even need to explain away that attempt at misinformation because the 70 investors are well trained by now. I have no worries about posting at midnight, lol, especially if it comes after your fear ridden panicked post at just before midnight.

Krombacher

I think we’re going to prove you wrong
(ERHE).
I think you’re trapped. Sad !!

Step back and look at what desperate, delusional, deceitful dickran has done here - whether it's to the 3 or 4 mindless minions who still try to support him/her here and always come up empty, or the 70 so-called followers who, when push came to shove, refused to join his asinine spv or sign his self-serving contract promising not to sell erhe for less than dollars/share (as dickran lied about and falsely said they did).

Now by dickran's own admission, we know his/her bullish bullshit is not supported by facts. We know this latest Labor Day weekend buyout or dividend nonsense is only an empty dream. We know in dickran's erhe world "any day now" could mean any day between now and the end of time. We know next week means the week after next week or the week after 10 weeks from now or the week after 1000 weeks from now.

dickran says he feels tormented becuase his/her baseless claims, false rumors and outright lies are debunked by facts and what actually happens. He is tortured by questions like where is the Shell bidding war? Where are the dividends? Where are the dollars/share? Where is the epic short squeeze? All stories created and promoted by dickran and wilting under the relentless scrutiny of facts and the truth.

Per Kroms PM about Chatbot research..,

What happens to margin positions when a stock is delisted?

When a stock is delisted, several things can happen to margin positions, and the specific outcomes depend on the circumstances of the delisting and your brokerage's policies. Here are the general scenarios:

Forced Liquidation: Your brokerage may require you to sell the delisted stock to close the margin position. This is often done to limit risk since delisted stocks typically become less liquid and more volatile.
Increased Margin Requirements: The brokerage might increase the margin requirements for the delisted stock, requiring you to deposit more collateral to maintain the position. If you cannot meet the new margin requirements, you may face a margin call and be forced to liquidate the position.
Transfer to OTC Markets: If the stock moves from a major exchange to an over-the-counter (OTC) market, you might still be able to hold the position, but the brokerage may impose stricter margin requirements or disallow margin trading for that security altogether.
Limited Trading: Trading in the delisted stock may become more difficult due to reduced liquidity. This can affect your ability to close the position at a favorable price.
Potential for Greater Losses: Since delisted stocks can become more volatile and illiquid, the risk of significant losses increases. If the value of the delisted stock drops substantially, it can lead to a margin call where you must deposit additional funds or sell other securities to cover the shortfall.
Settlement Issues: There may be delays or complications in settling trades for delisted stocks, which can affect the timing and execution of closing your margin position.
It is important to stay informed about any potential delisting of stocks you hold in a margin account and to understand your brokerage's policies on handling such situations. Consulting with your broker or financial advisor can help you navigate the complexities of dealing with delisted stocks in a margin account.

All depends on the broker I think.

Considering there arent any short positions and you cant trade this issue we are back to his same ole bullshit narrative.

Bullshit

Can OTC stocks be purchased on margin?
Over-the-counter bulletin board stocks and penny stocks, which are stocks that generally trade per share for under $5 and are owned by small companies, are also non-marginable securities by decree of the Federal Reserve Board.

Margin accounts would have been called when ERHE was delisted.

dickran desperately stuck in a demented, delusional world of billions of erhe shorted shares and deals that don't exist. By his/her own admission, all the years worth of buyout and dividend claims were simply wishful thinking that might happen "any day now". Unfortunately for anyone who gave any credence to those asinine claims, to dickran "any day now" means next week or next year or 20 years from now or longer than anyone who owns erhe shares will live.

So now that the latest bs, the Labor Day Weekend announcement, has been thoroughly debunked, it's back to the epic $8/share short squeeze nonsense. Not only is dickran stuck with 400 million worthless erhe shares, He is hopelessly stranded in a world of his/her own baseless claims, false rumors and outright lies. And don't forget these dickran gems:

Share price does not matter

It's not a lie if you believe it

Absolutely pathetic (and completely worn out bullshit).

T+3 is on day 4 not 3. No misinformation please!!

"T" is the first day. T is the trade date that closes above the short sellers margin call price.
"T+1" is the second day
"T+2" is the third day
"T+3" is the fourth and final day.

The CLOSING price is what matters!!

If on any of the days the short sellers manage to knock the price down below their margin call price and close at that price, then they reset the days. Hence, I hope that some longs do sell on the earlier days only at fairly high prices so a reset doesn't occur. If some longs in Canada can buy on days that are not T+3 near the close, then that's helpful. The backstop should insure you're getting a good deal on those buys. As for your other arguments I direct you again to these two links:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171323978

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171639820

Please read them carefully

The 70 investors understand these concepts extremely well. Management gets it too.

I expect a blood bath for the shorts.

Krombacher

T+1, T+2, etc.....I believe it to be the days required of shorts to cover by a broker. If the broker gives a short 3 days to cover then I believe Krom is promoting the idea to his buddies to wait until T+3 (3 days) to sell. He thinks the short squeeze will occur on the 3rd or 4th day after positive news. And that's when he is forcasting the $8 sp as the short squeeze happens.

The problem is that this whole theory of massive shorts is based on a premise that there must be massive shorts if there are people on a message board that don't agree with one person's goofy theories. If anyone counters what he promotes they must be a short of massive proportion. I have never heard such poor reasoning....and then to get others to buy into it???? This kind of deception and manipulation has been common on this stock since the drilling went sour in the JDZ. People get sucked into putting too much of their money into this stock and then become easy prey for hustlers with goofy theories and promotions. Once they are in deep they have no option but hope to get lucky. For luck to be your best or only option is not rational IMHO. Sure....I bought 60,000 shares....but it only cost me $12. I didn't sink thousands and thousands into this so I don't worry about losing it,

The other problem is that if Krom and his buddies have hundreds of millions of shares to unload, the sellers will outweigh the buyers so bad that the sp will never get very high IMHO. Even if there were brokers holding millions of shares short they are not going to take a beating so they will start covering at .005 or so??? And those wanting to sell will flood the market with shares so as not to be left out and that will keep the sp low.

IMHO Krom just wants everyone else to wait until he has sold his shares before they try to get what they can from any remaining buyers.

All this will most likely not happen. First ERHC will have to have some very good / great positive news in order to affect 2.5 billion shares much in the way of sp. So far I see no sign of forthcoming news that would be positive. Second is that there are probably no massive short positions. Third is that all other million and multi-million share holders are not going to wait for anyone's predictions to unload. They aren't going to wait to sell at a loss. They may pretend that they will wait but it will be everyone for themselves....a free for all.

Badog

I can't trade it online. But I've offered my shares to you for $.10 and you have not accepted.
I think it's you that doesn't understand the concept of fact vs fiction.
Badog

Ssc, you said:

I will always accept what the truth reveals.

I'm actually glad you said this, because it might prevent you from going bezerk.

There is a thought I'm pondering that I'll share with you.

Imagine this HYPOTHETICAL scenario with short sellers in the future:

Step 1 - an unholy alliance is crafted between short sellers of ERHC and Krombacher to benefit both parties mutually.

Step 2 - short sellers must hold a "reserve" with their respective brokers of $2 for every share they short to protect the broker against a short squeeze.

For example, if ERHC goes to $1 a share, short sellers will lose $1 a share out of the reserve. But if ERHC goes to $5 a share, then only $2 comes out of the reserve and the broker takes the hit for the remaining $3.

Step 3 - under the unholy alliance, shorts agree to work with longs to not only allow a short squeeze but to let it run to $8 a share. The short seller's broker will cover $6 of that and $2 will come out of the short sellers reserve, but longs agree to reimburse short sellers their $2 in exchange for letting this run on T+3.

And voila, win win scenario and only the broker loses for having allowed naked shorting to take place in the first place.

The only problem I see with the above scenario is whether or not we can have it legally vetted by a reputable law firm first... because it could be a problem if the SEC doesn't allow unholy alliances between shorts and longs designed to fleece the short sellers broker. So that could be a problem.

But, as a purely hypothetical thought experiment, it's fun to just think about.

Krombacher

Again,

You are not understanding the concept of backstop.

I don't have to do anything. Human nature, common sense, and various agreements and understandings will take care of it.

If you don't want to deal with a backstop, then offer 10 cents before the news event.

Simple

Krombacher

What the hell is this T-3 crap he keeps spewing?

Propagating the 3 day weekend bullshit again????