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

To: reg who wrote (398)	6/21/1998 3:19:00 PM
From: Andy	Read Replies (1) \| Respond to of 671

I don't care why they are selling. In fact many of these shares are simply switching from one brokerage account to another without the public having access to them. I say this because I am trying to buy and I am having some difficulty to purchase at the asking price, yet there are sales at the lower bid price. Throughout the day the shares were trading above .70, and close to the end of the day, a small number of shares traded below .70 to close the day. I find this a great time to accumulate more shares. Even if ERHC only possess the property that they acquire from Coconino, Uinta property, this share price is a bargain. What are we getting for bonus - a debt free company, Panama Canal concession that should start generating revenue within 1-2 months, Mexico (at least $10 mil contract), VenVirotec, MIII venture with potential to produce over 10,000 barrels of oil per day, Nueces River project with potential to produce several million cubic feet of natural gas per day (companies with similar gas production rate trade at over $10 per share), Chevron contract for three years of $75 mil, and last but not least DRSTP. ERHC Noreen Wilson (chief financial officer) is still over in DRSTP. She is already there for over two weeks. They already had the ribbon cutting ceremony with the Government, Schlumberger and other major oil players. If major oil players are willing to spend millions of dollars for Schlumberger to proceed with the seismic, then the preliminary data must be showing something interesting. It appears that one of the key result from this trip is setting up of the national oil company that will be jointly owned by ERHC and DRSTP and will be operated by ERHC. These details and others such as Panama and Mexico will be released within weeks, and thus I will continue to accumulate more shares especially at these bargain prices. Further, as noted by Sam Bass and Jim Callender, two highly respected experts in the oil industry, the logistics center for which AMCO is prepared to spend $50 mil for construction, will generate more revenues than from oil production and royalties.