Now we can understand the delay in nothing happening. Since a new man is in town, things could begin to happen quickly and this stock could begin to move higher, at least back to the .02 mark, and that represents a huge gain from here. Think about it. This bus may be readying for loading.
For the last four quarters, one line item stayed even. Go check it out, and you will quickly note that one line item for sure went neither up nor down. Yep, you got it. No New Taxes. For the last four quarters, and even beyond that, ERFB has had no new taxes to accrue for. The real question is; Is that a good thing?
The last three days do not make for a callable trend, necessarily, however they do portend of possible further decline in the pps. My take is that if management has a secret play they had better send it in, and NOW. Further deterioration could take the pps to .02 next week. And as Martha might say, that's not a good thing.
The last three days chart portends a really negative sign for the stock price. From a high of a tad over .06 to yesterday's low of less than .04 is not a positive movement at all. If the company has anything up their sleeve that might inspire shareholders to hold on, or just maybe to even acquire more shares, they better disseminate that news, NOW. Otherwise, indications are for a fall below .03 and if it goes to that level, it could easily drop below .02 within the next week. If there is a secret play, it's time for management to call it.
New low reached today! The chart sure could look a lot better if this company could ever get to cashflow positive status. Management has promised that picture for a couple of years. Maybe by the end of this year.
Just wondering?? ERFB has filed a form for possible reverse split of shares. When this action was done just a few months ago, the reason was for the share price to be higher so that they could then get capital and jump onto a higher board listing. They subsequently reversed to about 1,000,000 or so shares. After that reverse the idea was that they then needed more shares to hit the requirements of a larger listing. So more shares were issued to raise the share total to today's current level. Now the consideration is to reverse the shares again. Uh, why this time? They have been through both sides of the action already. Hopefully hypocritical statements are not in their game plan. Any ideas?
Even with smart in your name, you evidently cannot read and comprehend what my message was. Perhaps if I put it so a fifth grader can understand. "If ERFB cannot improve their sales, they are essentially done." Is there something in that comment you still do not understand?
Even at .08 it may not be the best time to buy. Tread lightly here. The possible question is what are the underlying facts reagarding the credit available to ERFB since there is no more opportunity for a windfall from Schlumberger? That might have been the leverage that a creditor had based their participation on, or even if not, it could impair any further opportunity until ERFB shows they can generate sufficient revenue to at least cover their quarterly expenses. Just thinking. Seems to me the ERFB sales team really needs to get it into high gear if the company is going to succeed.
As I mentioned to one poster the other day, if it dribbles down to .13, then it could fall to .10. Now for the rest of the chart. If it drops below .10, it does not present a good picture at all. We could easily drop all the way to .05 as there is a lot of selling pressure. The only thing that might help is if the employees who receive stock for their compensation are sold out, then there might be some compression and the share price could hold in the .10-.12 range. If not, look out below. For all that ERFB has going for it, it appears investors are not impressed about the opportunity for any value increase in shares. Perhaps it's the fact that the company continues to loose millions of dollars annually, instead of actually selling enough product and services to cover their expenses, ie., becoming cashflow positive as they have PR'd quarters ago that they might be. Maybe, but it would sure be a reach right now. JMO
Looks like employees are selling their shares so they can get paid. While this is not necessarily a good practice, ie., paying shares of a public company instead of cash, it does qualify for a method of employee compensation. Unfortunately, the timing is right when ERFB was trying to climb back over .20, and the subsequent action has caused a decine in share price. Hopefully it will stop before .15. If not, the pps could slide to .13 when reviewing the charts downward momentum. Thoughts on how this bodes for the company?
PPS just clicked below .20. Does this portend another minor decline in the pps, or offer a good buying level? Check it in two weeks and see. Remember the company has already PR'd what they expect revenue to do for the third quarter. So, is that info already built into the share price? If expectations are not met, then there could be a real problem. However, if expectations are in fact exceeded, then the pps could rise nicely from here. After a 1 for 500 reverse, hopefully for the remaining shareholders, there will be a surpise of exceeding expectations. LOL