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Microcap & Penny Stocks : Environmental Remediation Hldg Corp. (ERHC)
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To: GrnArrow who wrote (113)9/6/1997 11:18:00 AM
From: reg   of 671
 
Basically I think that financing is holding the stock back at this point. That and production figures are needed. I was told that flooding in Texas has slowed things up on the 100 wells that they are rehabilitating. I was told that financing may be in the form of convertible debentures to the tune of maybe 50 million U.S. If and when financing falls into place the share price will react accordingly. If they accomplish 1/2 of what they have inked to date growth could be explosive. Right now the risk is maybe $2 to the downside if everything falls through, the upside is many multiples of that and that is why this stock is in the speculative portion of my portfolio. Hopefully someday it will be on the conservative, bluechip side.
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