Krombacher
8 hours ago
RE: Shell’s Strategic Report and the Curious Case of Block 4
Just reviewed Shell's 2024 Strategic Report, and it confirms what many of us suspected — Shell has indeed signed an 85% PSC (Production Sharing Contract) in São Tomé. However, Block 4 is not mentioned at all, not even in passing.
That absence is telling.
Remember: ERHC owns rights to Block 4, and Shell can’t disclose assets it doesn’t control — not until things are resolved, either through partnership, acquisition, or legal action. The omission speaks volumes: something is happening in the background, and Shell doesn’t want to trigger investor attention or tip off competitors.
The secrecy is so intense that even within this massive strategic report — hundreds of pages detailing every major global asset — Block 4, sitting offshore in the ultra-promising deepwaters of São Tomé and Príncipe, is not even named. That’s not oversight. That’s strategy.
What does that mean for us? It means:
Shell is still active in São Tomé;
There’s likely a dispute or negotiation over Block 4;
ERHC’s legal position remains one of its strongest cards;
And the fact that Shell is tiptoeing around Block 4 suggests they take it very seriously.
As for badog’s defeatism — we've heard that for years. If this were a nothingburger, Shell would’ve simply named Block 4 and closed the book. The fact that they didn’t speaks louder than any press release.
Stay sharp. Stay patient.
https://www.shell.com/investors/results-and-reporting/annual-report/_jcr_content/root/main/section_2113846431/link_list/links/item1.stream/1742873221311/eb6d18269c7e9e79b6539e1b0780747d5e2c8b31/strategic-report-ar24.pdf
Krombacher
ssc
10 hours ago
I see erhe's largest shareholder with 400 million shares and huge 6 figure losses had a meltdown on the dbmm board on 3/24/25. The known liar made 24 posts that day trying to hype his/her preferred stock dividend scam on another board after being exposed here. dickran's bullshit was met with another severe butt kicking with replies like these:
Krombacher's posting history PROVES that when he latches on to a stock and starts his NSS spiel... it is just a matter of time until NO BID!
You really need to learn how trading works and stop relying on AI for your posts.
You are grasping at straws and filling people's heads with visions of grandeur. You are predicting action on the part of DBMM, which in all reality WILL LIKELY NEVER OCCUR.
Didn't take people long to see thru the cut and paste, chat bot, dickran crap, stinking of the familiar "some time soon", naked short sellers, epic short squeeze on the way, "well positioned", time will tell he/she spewed out about erhe for so many deceitful years.
Krombacher
14 hours ago
Badog,
Your grandkids may want to stay tuned. You’re right—March is nearly gone.
But those who’ve been around long enough know that ERHC’s timelines rarely move on message board clocks.
As for the backstop, the logic remains sound. A dividend timed with material news is far more effective than a standalone action, and some of us prefer precision over spectacle.
Regarding Block 4—Shell has their own rhythm. They don’t telegraph their every move to the market, and neither does a serious counterparty. The silence isn’t proof of nothing. It’s just how things are handled at certain levels. You don’t train a spotlight on chess pieces that are about to move.
And on the topic of ERHC’s other assets—maybe it’s not always about broadcasting before the structure is ready. Maybe it’s about letting those still playing checkers talk while the board is being reconfigured behind the scenes.
But here’s a truth you can bank on:
Shorts who think they have unlimited time are in for a surprise. Whether through legal action, news, or a well-timed dividend, the pressure will come. And when it does, the question will be who’s already in position—and who’s scrambling.
We’ll see who ends up bailing whom.
— Krombacher
ssc
4 days ago
lmao again as dickran makes, breaks, and remakes another vow of silence and alternate persona and proven liar immediately takes over. Facts that stand out and rise above the dickran greed and hubris driven bullshit: erhe $.0001, no volume in spite of speedtrader lol, no dividend, no preferred stock dividend, no drilling results, no action from Ntephe, and nothing but baseless claims, false rumors and outright lies from dickran and alternate personas.
fung_derf
4 days ago
Now, you can't state you're done posting here then start again.
For the record, I have never shorted a stock in my 30 years of investing. Even when I can see it would be the smart thing to do.
I also, don't take positions in penny stocks and shorting one seems silly considering all the pumps and dumps.
I certainly would be wasting my time buying this one though as I would never buy enough to care about it. However, clearly based on history, it has only risen when pumped. Based on its current price of course.
FWIW, I only first responded to you because you stated no one has successfully argued against your "proven" naked short theory. I believe I have already dispelled most of your inaccurate premises.
You tend to take false narratives off the internet and build your case around. Which penny stock holders have done for years.
We both have a history here on IHUB. Mine includes buying quality stocks and posting my recommendations with buys and sells.
Your history only shows losses and tied up dollars in penny stocks. I wonder which of us has shown more credibility for investing?
Krombacher
5 days ago
One more thing, fung_derf—if I were you, I’d seriously consider taking a long position in ERHC through SpeedTrader.
If you’re holding short positions in DBMM—and I’m not saying you are—but if you are, it would be a prudent hedge. From my perspective, a short squeeze there is now more likely than ever. And once that starts, controlling exposure is a matter of having the right offsets in place.
ERHC, in that scenario, would offer an interesting hedge. But that’s just what I’d be thinking about.
Good luck out there.
— Krombacher
Krombacher
5 days ago
Fung_derf (and others),
I appreciate your perspective. I’ve said what I needed to say here.
My posts on the ERHC board were in direct response to being addressed. Frankly, I preferred the peace and quiet we’d been enjoying here recently, as we wait for what I believe to be a predetermined outcome to play out. Debating a group whose fate, in my opinion, is already sealed serves no purpose.
I’m not interested in convincing anyone who’s already made up their mind, and there’s no strategy left to discuss here. The pieces are on the board, and now it’s about time and patience.
With that, I’ll be focusing my time elsewhere—on DBMM, where the dynamics are different, the shorts are still in play, and the strategy requires more attention. Anyone curious about what’s next can follow along there.
Until then, I wish this board the return of its quiet.
— Krombacher
ssc
5 days ago
Definitely a pattern here. dickran takes another beating over his/her latest new narrative (this time a supposed erhe preferred share dividend lmao), then suddenly the reappearance of the pissant proven liar, alternate dickran persona, who has admitted to having already written off his erhe investment, still dedicating time here to attack those who tell the truth about dickran and the facts about erhe.
Meanwhile erhe $.0001, no volume, and no dividend leave dickran just where he deserves to be - stuck with 400 million worthless shares and huge six figure losses from before the reverse split and then after by throwing another $160,000 of good money after bad. Some chess game lmao.
Peter J
5 days ago
He, fung derf,
So, you've created a scenario where you don't have to admit you were wrong until you're dead. Impressive.
Perhaps you should also measure the value of time. Or the cost of inflation. Or missed opportunit
True, but what does your 'Sherlock Holmes' approach have to say about the 'self pronounced' altruist group, that doesn't even have a financial interest here... (at least: that is their claim.... 🤣)
I don't hear you talking about them... now why is that... ?
Let me guess... 😆
fung_derf
6 days ago
OK, the more you post, the more you make it clear you don't comprehend what is happening...
A reverse split does nothing to impact naked short positions. It’s purely cosmetic. Shorts are adjusted proportionally, just like longs, and it doesn’t change the underlying obligation to deliver real shares. Same with a buyback—the company’s buying from the float, but if synthetic or undeliverable shares exist, they stay hidden.
You don't seem to recognize the bad guys, or how their strategy works. It is the COMPANY that gains via a reverse stock split. I am shocked you don't seem aware of this. I've seen many companies do them and a very small percentage (typically legit companies) that don't hurt the common shareholders.
What these companies do is reverse split ONLY the outstanding shares and not the authorized, but non outstanding shares. What this does is make their remaining shares super shares. So, 1 million shares authorized, but only 900k outstanding on a 10 for 1 split makes those remaining 100k shares worth 10 times more. The company, in essence diluted you by 90%. Then they can award those shares to themselves. You'd have 90k shares diluted and outstanding and100k shares in their treasury.
Forget the mysterious "shorty", its the insiders you should be watching all these years.
As to "what's it to you".....
I always tell people on penny stock boards, "don't research the company, research the posters on the board". Typically, on these penny stock boards the leaders of the "hold your shares no matter what" movement, have posted on many other boards in the past. The one good thing about IHUB is its easy to follow one's history. So, I always suggest checking to see how a poster has done on the other stocks they've touted. It seems YOU have posted here A LOT! So, I go back and read your history and compare it to the stock price at the time (which is how I spotted you disappeared for a year and a half).
IF every stock you tout tanks, others should be made aware. There are posters here who move from one dead stock to another, telling people to hold for long term. I have to wonder when they are dumping. Pump and dumpers have a distinctive manner of posting and timing.
I keep a list of posters, whether they are trustworthy in one pile. And definite scammers in the other. Guess which list I have is longer.
Why would people be happy about losing money in losing stocks? Especially when it happens again and again.
This is my hobby. I'm watching the market anyway during the days. Might as well keep busy when not trading.
ssc
6 days ago
Clarified the facts? Don't tell me you are now trying to say for all those years you spread your bullish bullshit about erhe prior to the reverse split you didn't own any shares? Must you always lie? The fact is your erhe holdings were wiped out by the 1:100 reverse split just like lmlt's, dr. j's, Offor's, Ntephe's and every other erhe shareholder's.
You spent years making false claims about oil discoveries, buyouts, to the moon, buy of a lifetime, and kaboom rallies long before you purchased your 400 million shares. You obviously had a large erhe position before the reverse split. Stop being a lying coward and admit the truth, even if it might only be this one time. erhc insider's were informed enough and smart enough not to buy shares after the reverse split and subsequent 3 billion shares of dilution. Unfortunately you were not. You and your dilution insurance followers got sucked in, all the way in, and now you can't get out.
Positioned just where you want to be? lmao. Spreading bullshit about dividends while stuck with huge 6 figure losses and a $.0001 share price is just where you deserve to be. Ntephe and Offor don't even waste time on the public company side of erhc because the erhc story has already "played out", and not with a happy ending.
Krombacher
6 days ago
Fung_derf, I appreciate your questions. Let me clarify a few things—not just for you, but for anyone watching who’s interested in how this works.
A reverse split does nothing to impact naked short positions. It’s purely cosmetic. Shorts are adjusted proportionally, just like longs, and it doesn’t change the underlying obligation to deliver real shares. Same with a buyback—the company’s buying from the float, but if synthetic or undeliverable shares exist, they stay hidden.
What does work is a preferred share dividend—something that ERHC’s board has already approved for future action. Here’s why:
Shorts can’t manufacture or counterfeit preferred shares the way they can with common stock.
If they don’t have real, legitimate shares to deliver when the dividend is issued, they’re exposed, and the system forces them to cover.
Alternatively, a cash dividend or an outright buyout has the same effect: forcing shorts to settle, often at prices dictated by the shareholder group, which currently holds 55% of the outstanding shares.
When those shares are locked up—not for sale—the shorts have no exit, and they have to pay the price we set.
That’s the strategy. Not based on theory, but on mechanics that have already worked, as we saw with Overstock and other situations.
We’ve been patient because timing is everything. And when the time comes, the position we’ve built will matter.
And just out of curiosity, Fung_derf—what’s it to you?
You first engaged me on another board, then followed me here to ERHC. You’ve asked a lot of questions about strategies involving preferred share dividends, naked short selling, and shareholder groups controlling large positions—not just here, but elsewhere.
If I didn’t know better, I’d say you’re concerned that the same strategies being discussed on other boards might actually be implemented here—or maybe on other stocks that have escaped revocation, where shorts thought they had an easy exit… until they didn’t.
If that’s what’s keeping you interested, I’d say your concern is justified.
— Krombacher
Krombacher
6 days ago
Fung_derf, I’ve always measured time and opportunity carefully—that’s why I’m exactly where I want to be.
But here’s something to consider: when you’re positioned the way I am, time works for you, not against you. And patience is often misunderstood by those who don’t value it.
I’m in no rush. This isn’t about avoiding being “wrong.” It’s about making sure I’m ready when things move. Until then, I’m content to wait.
SSC, I’ll keep it simple because the noise speaks for itself.
I’ve already clarified the facts: $160,000 invested, 400 million shares, verified by SEC filings. That’s it. No need for the creative writing.
I’ve made my choices, and I stand by them. We’ll see how it plays out.
— Krombacher
ssc
6 days ago
True to form, known liar guerguerian dickran refuses to face the truth about erhe losses. While acknowledging the $160,000 thrown away on triple zero shares AFTER the 1:100 reverse split, dickran attempts to hide the facts about all the shares he/she owned before the reverse split and all the losses incurred when they were wiped out as they dropped to triple zeros.
While I don't know the exact figures, based on his/her role as one of the loudest erhc supporters for many years going into JDZ drilling and all the way down from that point, it's safe to say dickran suffered a fat, painful loss before acquiring his current 400 million shares. Hence the dilution insurance scam and all the thousands of lies about short selling, Offor ownership, buyouts, spv's, done deals, consortium's, backstops, dividends, gag orders, kaboom rallies, African Queens, deep sea divers, epic short squeezes, dr.gus fake insider info embarrassment, and all the rest, all in a greed and hubris driven attempt to recoup those six figure losses.
Now we see the "preferred stock dividend" narrative. And even as it fails here, dickran is trying to peddle it on the dbmm message board. Desperate, delusional, demented, deceitful, despicable dickran.
Krombacher
6 days ago
SSC, you’ve been wrong about a lot over the years, and this is no different.
For the record, my SEC filing confirms I own 400 million shares, purchased at an average of $0.0004. That’s roughly $160,000—not the number you keep repeating.
But I get it. When facts don’t work in your favor, the next step is to invent a new story. I’ve made my decisions, and I’m content with them.
Let’s see how it plays out.
— Krombacher
Krombacher
6 days ago
Fung-derf, Badog, SSC—
I get it. When facts are limited, speculation fills the space. It’s what happens on message boards.
But for the record:
I’m not following anyone. I’m following the strategy I’ve chosen, which has very little to do with who posts where, and everything to do with understanding how these markets work, including what happens when a stock escapes revocation and shorts are left exposed.
My time horizon has always been longer than most people’s patience. That’s intentional.
And no, I’m not here to convince anyone to buy anything. My group doesn’t need help, and we don’t make decisions based on iHub chatter. We’ve already positioned ourselves the way we want to be.
If you find that silly, that’s fine. If you want to mock the share price, that’s your prerogative. But the last laugh is usually reserved for the ones who can outwait the noise.
I wish you all well with your positions.
— Krombacher
Krombacher
7 days ago
I appreciate the offer to “teach” me something, but I’ve spent years studying this space, and I’ve learned not to take lessons from people who are on the other side of the trade. It’s nothing personal—it’s just strategy.
As for being correct or not? The game isn’t over until it’s over. You know as well as I do: losses only lock in when you sell.
What I will say is this: I lead a group of investors that controls 55% of the shares outstanding. We don’t play games on iHub. Our decisions aren’t made here, and they’re certainly not influenced by back-and-forth posts.
I don’t expect you to understand my approach, and I’m fine with that. We see things differently. I’ve made my decisions, and I’m set with them.
If I’m wrong, time will prove it. If I’m right, time will prove that too.
— Krombacher
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