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Microcap & Penny Stocks : Environmental Remediation Hldg Corp. (ERHC) -- Ignore unavailable to you. Want to Upgrade?

To: peter dumbrille who wrote (247)	3/8/1998 9:02:00 PM
From: golfn	Read Replies (1) \| Respond to of 671

Here is another past ERHC update from Feb 19th that was provided by Bay Street Bytes Environmental Remediation (ERHC,NASDAQ: $1.47) ************************ (Featured July '97 @ $0.92) To look at the stock action yesterday one would think ERHC had released bad news. Not so! Investors just are not that good at reading between the lines, and besides - read our lips: what we want to know before we see any more good news is: "Where's the Financing"?? It is the habit of BBS to update information on companies only after news has been formally released and as yet there has been no announcement on financing from ERHC. I hate to say it is imminent (I have said this before & been incorrect) - but one of these days! ERHC apparently has more than one suitor willing to provide financing and will in due time choose the one or ones that will provide the best option for the company and its shareholders. In the meantime, there is a lot of activity behind the scenes of this rather unique junior - and no good reason I know of for the stock price to be declining. Although Oil and Gas prices continue to decline, ERHC will be so diversified in its business activities, it will be less affected than the average oil & gas explorer/producer. Yesterday's announcement is really an announcement of another huge opportunity in the environmental remediation side of the business. So far we have only been made aware of one other, that being the $70 million plus contract with Chevron to 'plug & abandon' old wells, although this environmental end of the business is expected to be very active in the years to come. ERHC has acquired 70% of VinVirotec to obtain access to its Louisiana N.O.R.M. disposal sites and federal and state permits for the disposal of saltwater (brine) and N.O.W. (naturally occurring waste) by products. VinVirotec holds one of only two approved licences in this area which would otherwise easily take 2 years and approximately $2 million to obtain. Not one to waste any time, ERHC is already negotiating with the Department of Energy for a significant part of a huge saltwater disposal project in Louisiana. No $ figures are provided but this looks like another multi-million $ deal for ERHC, with others likely to follow. Contrary to market reaction yesterday, this was a very positive announcement: