ERHC Energy Inc (ERHE)

[fitzman]

emdyal - you don't seem to understand what constitutes insider trading. All corporate leaders at some time or other have information that would be considered insider information, that is unavoidable in a corporate environment. (Personally I would like the leaders of the companies I invest in to know what is going on) It does not become an insider trading violation until a corporate insider makes trades in which he uses non public information for personal gain. This of coarse extends to anyone who becomes aware or has the information shared with them.

IE - If you work for a public company A and you work in the mailroom and see a piece of mail from which you learn that a big event is going to happen and you tell your friend and he trades on that info you would be in violation of insider trading rules. The person who wrote the memo, who is also aware of the info is not in violation as long as they do not act on the info.

Offer is a major investor and key contributor to the well fair of this company, I would hope he is aware of things that are not public knowledge.

That's my take,
Fitz