ssc
17 hours ago
Quite the diatribe you spewed out there. The sad thing, it is filled with falsehoods and complete refusal to accept the facts. Feel free to list all the things in my post you replied to that are not true. You are the one with all the failed predictions. You are the one that accuses Ntephe and Offor of conspiracy to depress the share price and deliberate non-compliance with SEC filing regulations. You are the one who gave investment advice that resulted in huge losses for so many others. You are the sketched head artist spreading all the lies about erhe short sellers (or are the thousands of posts falsely stating I am Canadian and a short seller of erhe stock simply speculation?).
At this price near zero, people can buy erhe shares as the long shot gamble it is, or not. My only remaining mission is to make sure no one buys into a false rumor driven pop allowing people like you to profit for all the wrong reasons. The larger concern for anyone considering buying is why the continued silence and void of financial filings from management of this publicly traded U.S. company. They are the ones responsible for erhe price near zero for the last 7 years, not me, not short sellers no one can even prove exist.
At least everyone can now see that, by your own admission, all your years of bullish, dollars/share, buy of a lifetime scenarios were pure, not based in reality bullshit. Finally dickran comes clean:
Deals will be made or they won’t. Shares will rise or they won’t.
He/she left out: There might be short sellers or there might not, in spite of years spent lying about their existence, epic $8 short squeezes, and non-disclosed insider ownership of all the erhe shares.
ssc
20 hours ago
Honesty? Humility? I'm surprised those words are even in your vocabulary. You call what you post "speculation". But your hundreds, maybe thousands of posts asserting that I am a short seller of erhe prove you are a liar. Your statements about me being served a cease and desist order and/or receiving a cease and desist letter are lies. You and your minions even followed me to other message boards and posted those lies with your only intent being to attack and disparage me. Your greed and hubris have blinded you. You try to excuse your lies by calling them speculation but they are baseless and all the thousands of them have been wrong. Along your twisting, squirming path, you have convinced countless gullible and/or greedy investors to buy erhe shares all the way down from split adjusted dollar/share to triple zeros, using everything from arbitrage to lies about erhc's transfer agent to kaboom rallies to dilution insurance to epic $8 short squeeze to done deal dollars/share buyout to lies about an spv to lies about Offor being chairman to "the backstop" as enticements. Many of them lost everything. Others threw good money after bad and are desperately holding on, hoping to break even. I understand why you are so frantically intent on redefining how Karma works. In stark contrast, I post the facts.
Now, once again, we see that guerguerian dickran, erhe's largest shareholder and known liar, will say just about anything to try and unload 400 million erhe shares for a profit.
Recently dickran has been singing the praises of erhc ceo Ntephe and how he will bring erhe shareholders returns similar to Cove Energy's. Then a sudden shift to accusing Ntephe of withholding material info as he plans revenge for comments about Nigerian scammers, something dickran has labeled "the backstop". This is nothing new for dickran who in the past has commended Ntephe for "learning his lesson" about convertible debt and promising he would never use it again. But when dickran was proven wrong and more convertible debt was issued, dickran accused Ntephe and insiders of conspiring to manipulate erhe shares to near zero so Offor could accumulate as many as all the erhe shares for next to nothing. dickran has also accused Ntephe and insiders of failing to report purchases of erhe shares to the SEC as required and has alleged that Offor has acquired 50% to as much as 100% of erhe shares without filing required SEC disclosure documents. Of course, like his/her claims of huge erhe short positions, dickran can offer no actual proof to support any of these assertions. When confronted with all these falsehoods, they are suddenly just speculation, all the while dickran knows as erhe's largest shareholder his/her words carry much more weight than mere speculation.
Why would a company's largest shareholder spin out one bullish story after another but then intermix allegations of such unscrupulous insider behavior? The common thread is dickran's ownership of close to 400 million erhe shares and the greed and hubris fed by visions of billions of dollars in profits. Backstop? Shame on you. "Karmic humility"? Give it a try.
Krombacher
20 hours ago
Why News Without a Backstop is a Recipe for Disaster: A Role-Playing Exercise
Badog, I’ve already explained why releasing news prematurely without a backstop is not just ineffective—it’s outright dangerous for shareholders. But let’s role-play this scenario so it really hits home.
Imagine this: You’re the long-term holder, sitting on your shares, waiting for the moment of triumph. I’m the short seller, desperate, cornered, and with nothing to lose. Now, let’s say ERHC finally gives in to your request for “huge news”:
ERHC ANNOUNCES A BLOCK 4 DEAL! MULTIPLE BLOCKS ACQUIRED IN GABON! MASSIVE POTENTIAL!
Exciting, right? But here’s what happens next:
As the short seller, I immediately spin up a massive smear campaign. I don’t need truth—I just need doubt. My message? “Management is stealing from you! They’ve figured out how to siphon all the value for themselves, leaving you with crumbs.” I dig up past failures—Kenya, Chad, toxic debt—to fan the flames. The narratives write themselves.
Then comes the real kicker: I print a billion shares out of thin air. Why not? I already naked printed a billion shares to short, so what’s another billion? At this point, I have nothing to lose—if this news is legitimate, I’m bankrupt anyway. But if I can fight back, I just might survive.
I flood the market with those shares, selling them to every excited buyer scrambling for this “amazing news.” But here’s the catch—those buyers are mostly limited to Canada, meaning the market depth is shallow. The share price stays depressed, no matter how good the news.
Now comes the final blow. I return to iHub with smug confidence and say: “You see? You’ve been had! Management squandered $60 million in Kenya and Chad, left you with nothing, and now they’re screwing you again. Better sell before it’s too late!”
Without a backstop, this cycle continues, and I win. The share price remains suppressed, retail confidence is shattered, and I escape unscathed.
---
The Power of a Backstop
This is why fantastic news by itself is NOT enough. Without a backstop, the shorts can keep playing their games. But introduce a backstop—a dividend, a buyout, or anything that guarantees a price point—and the dynamic shifts entirely.
A backstop works because:
1. It ensures longs don’t sell prematurely before T+3, locking in the shares.
2. It deters shorts from printing more shares, as each share they short carries a dividend or acquirers shares liability they must pay. Suddenly, the risk of shorting skyrockets.
3. It forces short sellers to face the music, triggering the short squeeze we’ve all been waiting for.
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The ONLY Way Forward
So, Badog, it’s not about holding back news to frustrate shareholders. It’s about delivering news at the right time—when it’s coupled with a backstop that prevents manipulation and ensures the market reflects the true value of ERHC’s assets.
Without a backstop, fantastic news is just another opportunity for shorts to wreak havoc. With a backstop, it’s game over for them—and victory for us.
Think about it. The stakes couldn’t be higher.
Krombacher
ssc
2 days ago
So you are accusing Ntephe of withholding material information from the shareholders of erhc, a publicly traded U.S. company, and you are alleging he is doing this out of a desire for revenge against those that called him a Nigerian scammer based on his company's stock falling from split adjusted $99 to almost zero, squandering of $45 million in cash, and disastrous use of convertible debt that resulted in 2.3 billion shares of dilution, a 1:100 reverse split, and another 3 billion shares of dilutions, leaving erhc shareholders with a stock on the Caveat Emptor list, the Expert Market, a skull & crossbones OTC rating, and a price near zero for 7 years, all that time refusing to comply with SEC disclosure regulations. Getting down to it now as that is a serious allegation.
And of course regarding your "backstop" theory, your only commitment is that it will play out some day between now and the end of time. Smells like what we have here might just be a Puerto Rican scammer or maybe the chatbot buddy is now in control.
ssc
4 days ago
When is dickran going to stop lying about erhe short sellers, dollars/share done deals, and, lmao, backstops? He/she has been creating and promoting thousands of baseless bullish claims, false rumors and outright lies for 7 years or more and still erhe remains near zero. dickran has only 1 job and that is to somehow unload 400 million worthless erhe shares and he/she is failing miserably at it.