You guys all make me laugh. If you dare question the general consensus you are instantly labelled a MM. I dont own any shares nor have I traded any in this stock ever (including since my last post), directly or indirectly.
I have however been pushed this stock by 3 brokers which made me suspicious and warranted my further research.
Question for you vocal supporters. ERH has 3 share classes ERH, ERHCA (50cents paid to 16 cents) ERHO option expiring 24/7/09.
The Appendix 3b documented exercising options at 20 cents expiring 29 Aug 2010, hence they were unlisted. Probably someone close to the company, I mean who else gets unlisted options? The holder could exercise any time until Aug 2010 but decided not to wait. There is no financial incentive to exercise earlier, they could put in the bank at 7% for 2 years but didn't want to. I cant see why these options were exercised for any other reason than to allow the holder to sell them. Probably explains the weak share price
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