Monday, July 30, 2007

ERHE Falls To $0.25; Seller Dumps 250,000 Shares

A seller dumped 250,000 shares at $0.255 in one fell swoop a minute before 3 p.m. today as ERHE shares fell to their lowest levels in a long time. At 3:27 p.m. EST, the stock was selling at $0.26, with the Bid set at $0.255.

The unknown seller was the only substantial seller of the day, with the next-largest blocks - four of 25,000 each - moving between 2:22 and 2:58, suggesting they were part of the same holding.

A poster named hoehne888 said at 3:29 that he had put in an order for 100,000 shares at $0.26, but it has not yet shown up at 3:35 on the ADVFN trade real-time monitoring system.

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