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

To: reg who wrote (371)	6/1/1998 12:37:00 PM
From: Jeff Williams	Read Replies (1) \| Respond to of 671

The Reg & Kieth: I agree that they need to raise some financing, and that is the key to completion of the projects they have negotiated. They are obviously a shrewd group of entrepreneurs and poker players. They have been progressing well on the ST&P project. In fact, I thought it would take them many years to come this far, and so did the Bidding on Bay Street analyst (Laura, I believe). But here we are, a year or so later from when I bought in, and we are on the verge of a lease sale in one of the world's most promising hydrocarbon basins. The fact that the stock has been beaten down beyond all reason is not unusual for BB stocks by my ken. MM's love to snap up cheap shares when they believe that ultimately the price will be moving rapidly north. Yes, we all thought the $50 mil. financing would have been completed by now, but it's always a question of, "At what price?" So far, I guess the price has been too high, but that's not to say they won't succeed in the future. And when they do I would look for big things from this group and 5 years from now I think we'll be smiling bigtime. Just one man's opinion... Regards to all -- JW