Environmental Remediation Hldg Corp. (ERHC) Message Board

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

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To: reg who wrote (225)	2/20/1998 9:32:00 PM
From: MIKE MACHALAK	Read Replies (1) of 671

... OPEN YOUR EYES ... If you are wondering why the stock is drifting down from Feb 18, check out post #217 and read the February 18 Quarterly report sec.yahoo.com I don't know where the stock is going to go, but as a shareholder find a few issues disclosed quite disconcerting and understand why people are getting out. For example: * first quarter loss was $2.1 million -- high burnrate; * first quarter payment to 3 officers was $960,000 -- that works out to $1.3 million per year per officer -- few bluechip companies pay this kind of money !!! * company's capital and operating expenditures are very high, and if they don't close the financing soon they will be in trouble. Again, I don't know where the stock will go but the situation is not as rosy as some of people want to perceive it.

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