Sam Dimka told the news-hungry investor:
Dear Mark:
Thank you very much for your numerous enquiries on the 2004 licensing round.
Consultations are going on. As soon as they are concluded, and ExxonMobil exercises its options, the JMC will then meet, followed by announcement of results soon.
I will keep you posted about developments.
Thank you,
Sam
ERHC dropped $0.015 cents immediately after the note was posted, and has been trading generally lower ever since. It was at $0.53 at 3:25pm EST, and closed at $0.525, down a cent for the day.
markvo10 was the same poster who yesterday revealed on Raging Bull's ERHC message board that in a note to him, UpstreamOnline reporter Barry Morgan told him that ERHC had "swept" the three key blocks on offer, Blocks 2, 3 and 4.
Like that Morgan letter, the Dimka note could not be immediately confirmed by ERHC On The Move. You may recall that Markvo10 was TOS'd from the RB board about a week ago, allegedly by stockhocker70, and readmitted as orangeandwhite0.
8 comments:
So a nice follow up question would be what happened to the deadline that ExxonMobil had to exercise its rights? And is there even a deadline?
Rancho says : I think it should be pointed out that "orangeandwhite" made the post, a.k.a. markvol. Markvol met an unfortunate end during the mongo/monkey escapade. That alias was preceded in death by another poster with African contacts, Swinging K. His demise came after the clipping of shrubber and rancho, another pair of aliases with contacts in Africa. The first to die off the RB board was Joe Shea himself. The only other aliases who have been scuttled are those belonging to the daily re-incarnation basher.
I would liek to know how you are able to identify the people behind all of these alias on RB?
Rancho replies: If your question is directed towards Joe, then he can answer. If it's directed towards me, then I will respond by saying that there is a lot of information available in libraries and the internet. Because I have former colleagues in the newspaper business, I have an advantage in searching the archives. A good memory and the ability to sift through "bovine-after-product" also help.
The more a person writes, the easier it is to follow their trail and come up with a profile. Only certain people fit a profile, and the more they post, the tighter the profile. Most people who post on the message board are the kind of people who don't mind being quoted in the news or making the news. Therefore, they have gone public at some time and then it's pretty easy from there. Common sense tells you that someone who posts regularly is doing one of three things:
1. honestly seeking information
2. attempting to inform John Q. or
3. attempting to influence John Q.
Truly informed people have no need to post. They are seldom seen and they are in group 2.
The ignorant (like I was at the beginning) are either fully in or fully out by now. I know a few who don't post.
The ones belonging to group 3 rule the board. And it's not just the bashers I'm referring to. Because they have knowledge and influence, they control what goes on.
When they lose control, then they have to eliminate those that threaten the status quo. The board's "best" bashers remain active, yet four actual shareholders have been booted.
Great job on the updates Joe. Especially breaking up that RB post into paragraphs, much easier to read. thanks......JB
Joe,
(you have a great website) But with all due respect,
a one cent move yesterday is no celebration.
Matter fact, common sense would dictate that if indeed
there was big news on the horizon the stock price would
be truly rising. (much higher than .535)
Even with almost 2 million shares yesterday
traded, and millions more recently, this stock is stuck
in the mud with a fury of short sellers.
As a shareholder I'm waiting like everyone for real
news and it seems that all we have day after day is
plenty of false speculation, spin, and innuendo.
I think we will all now when this company has
turned the corner and become legit.
The share price will dictate this for us.
Unfortunately the stock is not acting like this day is
near.
I hope to be proved wrong. However, ERHÇ struggling for ONE real release for five long years and a troubled history shows otherwise.
The ERHC Meeting was not the "First Annual Meeting" of Shareholders. This was a "Special Meeting" of Shareholders, with the sole purpose of making the vote on the two items possible. Items were the name change to ERHC Energy, and on the Stock option compensation plan.
So far as I know, there was no shareholders' meeting at any time in the past, so this was the first. It is a matter of semantics beyond that, I think. Thanks for your comment.
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