Hon. Howard Franklin Jeter
Former U.S. Ambassador Howard Jeter today joined the Board of Directors of ERHC Energy, Inc. (ERHE) as a non-executive director on the eve of awards from the Nigeria-Sao Tome and Principe Joint Development Zone. Jeter is the immediate past US envoy to Nigeria and formerly served as Deputy Assistant Secretary of State for African Affairs, State Department Director for West Africa, President Clinton's Special Envoy for Liberia, and Ambassador to Botswana. Also joining the board today is the former Managing Director for Exploration and Production of the Nigerian National Petroleum Co., the U.S.-educated Dr. Andrew C. Uzoigwe.
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We're closed! ERHE closed at $0.875 today, up $0.06 cents and a gain for ERHC On The Move of $7,382.40. The Bid at the close was $0.87, and the Ask $0.875. The HOD was $0.90, a sort of Promised Land for ERHC investors. The low was $0.815, after a $0.84 open. Final volume was 4,302,777 shares, a gain of 7.36 percent on the day. Thank you, and welcome aboard, Ambassador Jeter and Dr. Uzoigwe!
Update, 3:59pm EST, 4/16/05: We're once more at $0.88 going into the last two minutes of the regular trading day, up $0.06 on 4,276,600 shares.
Update, 3:57pm EST, 4/16/05: We're at $0.875, and the Ask is $0.88, while the Bid is better at $0.875. Volume has risen by over 200,000 shares in recent minutes to 4,222,100.
Update, 3:39pm EST, 4/16/05: Day traders are closing out at end of day, dropping the price to $0.865, while the Ask is lower at $0.87. However, judging by past, upward moves may still lie ahead, although they may not carry us to $.90 as hoped. Volume has closed in on 4 million shares, at 4,002,000. That's better than last Friday, when we had other great news..
Update, 3:33pm EST, 4/16/05: The price is at $0.875. and the Ask at the $0.88. The Bid stayed at $0.875. Volume is 3,929,000 shares.
Update, 3:30pm EST, 4/16/05: The Ask has dropped back to $0.88, and the Bid to $0.875. We suspect it's temporary. Volume is at 3,917,000 shares and the price is $0.875.
Update, 3:25pm EST, 4/16/05: The Ask has gone to $0.89, as volume pushes past 3.9 million.
Update, 3:25pm EST, 4/16/05: Shareholders are hanging on to their stock and their gains, as the price returns to $0.885, the Ask, and the Bid reaches $0.88. Volume is 3,879,100; 136,000 shares have traded since 3:15.
Update, 3:17pm EST, 4/16/05: The price is steady at $0.88, the Bid, while the Ask is is $0.885 on 3,834,100 shares
Update, 3:14pm EST 4/25/05: As 3:15 approaches, the Bid is back to $0.875 and the Ask is once again at $0.88, with volume now topping 3,743,300 shares.
Update, 2:59pm EST 4/25/05: The price is slipping, with the Bid now $0.86 and the Ask $0.87 as volume reaches $3,679,900 shares. Just ahead: the 3:15 surge.
Update, 2:51pm EST 4/25/05: The price is back to $0.88. Volume is 3,624,400.
Update, 2:45pm EST 4/25/05: The price has slipped to $0.878, and the Bid is at $0.87. The Ask is lower at $0.88. Volume is 3,620,400 shares.
Update, 2:35pm EST 4/25/05: The share price is now $0.89, and the Bid $0.885. Volume is 3,544,100 shares, and the Ask is also $0.89. The ERHC On The Move portfolio is now at more thasn 100 percent of cost, with a profit of $55,258.12 after today's gain of $9,228.
Update, 2:28pm EST 4/25/05: We're now trading again at $0.885, the Ask, and the Bis is again at $0.88. Volume has surpassed 3,516,900 shares.
Update, 2:14pm EST 4/25/05: The share price is $0.8810. The Bid is now $0.876, and the Ask has retreated $0.004 to $0.8810. Volume is 3,466,600.
Update, 2:08pm EST 4/25/05: The bid is now over $0.88 at $0.881, while the Ask has gone to $0.885, the current share price. Volume is brisk at 3,463,700.
Update, 2:06pm EST 4/25/05: The Bid is back at $0.875 and the Ask and share price are at $0.88 as we grow closer to the 3:15 surge. Volume is a healthy 3,450,700.
Update, 1:46pm EST 4/25/05: At, $0.88, we're now trading at twice our ERHC On The Move buy-in price of $54,060, as our brokerage house points out:
ERHE Buy / Sell 0.88 0.06 7.98% $7,997.60 123,040 $0.4394 $54,027.73 99.59% $108,275.20 Edit
Update, 1:46pm EST 4/25/05: The Bid is back down to $0.87, and the Ask is again $0.88, while the price is $0.87. Volume is 3,414,100 shares. We expect to see the $0.90s for the first time since 9:35am this morning within the hour. The buyer at that price was a Raging Bull poster.
Update, 1:41pm EST 4/25/05: Word is that the ERHC Energy PalTalk board, which kicked us off for our early prediction of "great news," is experiencing a huge influx of talkers, with the room up to 41 people. Meanwhile, the PalTalk voice-video group ERHC On The Move is moribund, and we have had to cancel a planned interview with investor Phil Nugent. We may shut the site down soon. The ERHC On The Move blog has had 1,040 visitors so far today, however, and is going strong.
Update, 1:23pm EST 4/25/05: The price is $0.88, and the Bid is again at $0.87, and the Ask once more at $0.885. Volume is brisk at 3,285,700.
Update, 1:05pm EST 4/25/05: We're at $0.875 now, with the Bid at $0.861 and the Ask at $0.875. As we come out of the lunch hour, I expect some lassitude between 1pm and 3pm, and then a furious rise to $0.91 and above. Right now, volume stands at 3,231,800 shares, and we're currently up 7.37 percent on the day.
Update, 12:36pm EST 4/25/05: We ran into Java problems, but we're up and running again. The price now stands at $0.87, a $0.055 gain, with the Bid at $0.86 and the Ask at $0.87. Volume has reached 3,167,700 shares.
Update, 11:01am EST 4/25/05: At 10:40am EST, there were 532 trades - a huge number so early in the day - with 1,083,503 shares recorded as Buys, 915,984 as Sells, and a huge 304,594 unidentified as swing traders trade in and out at fractions of a cent. The expected selling has been substantially offset by the good news about Ambassador Howard Jeter's appointment to the ERHC Energy board, yielding a net volume of Buys if only by 100,000 shares or so. Short sellers may have been crushed by the good news. The price now stands at $0.865, the Bid at $0.86 and the Ask at $0.87.
Update, 10:54am EST 4/25/05: The price is $0.8625, the Bid $0.86, and the Ask $0.865 as volume reaches 2,356,500 shares.
Update, 10:49am EST 4/25/05: The share price is $0.87, and the Bid is $0.865, while the Ask is also at $0.87, and volume is at 2,334,400 shares.
Update, 10:48am EST 4/25/05: Japan has experienced its worst train wreck in 40 years as 50 people died and 400 were injured as a bullet train derailed and slammed into the parking garage of an apartment building.
Update, 10:41am EST 4/25/05: The price is at $0.855, the Bid at $0.86, and the Ask at $0.87, as volume hits 2,304,100 shares.
Update, 10:36am EST 4/25/05: The high of the day (HOD) has moved to $0.90, a milestone. Volume is 2,270,000 shares. The Bid is at $0.87 and the ask is $0.875.
The last price was $0.865.
Update, 10:30am EST 4/25/05: The share price is $0.88, an $0.0650 gain, and profits for the ERHC On The Move portfolio of 123,040 shares have surged to $54,027.73 as the Ask moves to $0.88. Volume is 2,185,900. The Bid lags far behind at $0.87.
Update, 10:19am EST 4/25/05: The Ask has moved up to $0.86 again, and so has the share price. The Bid is $0.855. Volume is 1,847,600.
Update, 10:15am EST 4/25/05: The share price is back to $0.849, and the Ask has recovered to $0.85 on 1,770,500 shares.
Update, 10:10am EST 4/25/05: The selling we told you to expect this morning has materialized and the share price has fallen to $0.825, $0.01 above the open, and that is the Ask price. At 10:13am EST, 1,758,000 shares have traded. The selling ought to last another 20 minutes, tops, I believe.
Update, 10am EST 4/25/05: The price is $0.8520 and the Ask is $0.8520 as volume hits 1,442,600 in the first 30 minutes.
Update, 9:51am EST 4/25/05: Volume crosses 1,078,000. Share price is $0.845, and the Ask is $0.85.
Update, 9:50am EST 4/25/05: Selling has occurred as traders take profits. The price is $0.845, and 967,053 shares have traded in the first 20 minutes.
Update, 9:42am EST 4/25/05: The price has climbed to $0.865 and the Ask to $0.86 on 810,918 shares.
Update, 9:37am EST 4/25.05: 228,133 shares traded in the first few minutes, and the share price is at $0.85, a $0.035 gain from Friday's close.
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