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Microcap & Penny Stocks : Environmental Remediation Hldg Corp. (ERHC)
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To: reg who wrote (183)11/24/1997 11:12:00 PM
From: sPD  Read Replies (1) of 671
 
reg, I think a couple of factors are at play here. Among them

1. Asia

2. no news of financing yet

3. recent article in Investors Digest may have contribute to artificial rise to $3.90's and now returning to pre-article levels

4. last week's article in Platt's Oilgram News may have scared some investors off. While the article spoke very highly of the potential upside, it also pointed out the potential snags along the way (UN territorial claims) as well as the overall speculative nature of the DRSTP deal. It quoted COO James Callender as follows: "This is a big poker game ... we are following our cards and so far we have rolled out nothing but aces." He also mentioned that "... with all the active oil seeps, it doesn't take a rocket scientist to figure it [potential] out" but it could be several years before the first well is drilled.

But, in all of this, we need to remember that in spite of DRSTP's huge potential, there's more to this company than DRSTP.
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