Environmental Remediation Hldg Corp. (ERHC) Message Board

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

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To: John Arnett who wrote (390)	6/17/1998 1:29:00 PM
From: Andy	Read Replies (1) of 671

I have experienced some strange trading patterns on ERHC, and this may be unique to Nasdaq BB. Recently, and also earlier, whenever I placed an order at the ask, I will see trades going through at the lower (bid) price. I do follow in real time the trading activity. This pattern also seems to be quite active at the end of the trading day. Anyhow, for now there is some buying pressure, and this may be related to the article from Laurel (BBS) released about an hour ago: We all know about the 20 concessions or blocks that will be for sale (see Upstream article on ERHC website). Each will be sold for $5-$10 million, depending on the seismic to be conducted this year by Schlumberger. This sale can generate profits of about $3 per share, and this will happen early 1999, or 6-8 months later. In addition given the success of other nearby discoveries, discoveries by concession holders could lead to royalties of $100 of millions to ERHC. Further, the upcoming sale only include 20 of the possible 300 total blocks. We should see positive announcements in the coming week, which should include Panama and the current STP trip by Noreen Wilson (CFO) and Jim Callender (COO).

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