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Microcap & Penny Stocks : Environmental Remediation Hldg Corp. (ERHC)

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To: Arthur S. Conroy who wrote (65)8/8/1997 6:05:00 PM
From: bc   of 671
 
To all:
No doubt you saw today's news release (prnewswire.com)announcing the appointment of James Callender as COO. Also there was a BBS (Bidding on Bay St) update on ERHC which was very positive as well. They also commented on yesterday's stock action. Apparently when the price took a rise to $5.70 and looked like it might turn into $6.00, it plunged down to $4.40. For those that did not see the depth, a volume of 500,000 shares were shown for sale at the ask price. ERHC determined the name of the brokerage house (a well known one but it wasn't named)called and was told it was a mistake. The block was removed but the damage was done. From what I understand a complaint has been made with the SEC.
So that explains the sudden drop which was more horrifying for the the ones who recently bought in.
I like what this company is doing and who they have at the helm. I'm in for the long term and have great expectations. Good luck all.
Regards,
Bonnie
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