Environmental Remediation Hldg Corp. (ERHC) Message Board

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

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To: GrnArrow who wrote (174)	11/11/1997 2:04:00 PM
From: GrnArrow	Read Replies (1) of 671

I guess it wasn't interesting enough since the stock is diving. The runup of the stock must have been due to people expecting the release of financing news. Since the news was something else, people are bailing. I'm a little surprised by the rapid drop (as I was by the rapid rise) because i don't think it's an issue of if they're going to get financing, but what the terms will be. So, I would expect that the eventuality of financing is already figured in the stock price, and there should be no reaction from the market until it's revealed how much of the company they have to sell, most likely in the form of convertible debentures or convertible preferred stock, to get the financing. I guess there is the small possibility they won't be able to get someone to gamble $50 million on STP having significant recoverable oil. But I think people who are already in the stock assume financing is basically a done deal. Perhaps it's short-term speculators who are driving the volatility. Any other thoughts? regards, Mike

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