Even before the CD's started, the money they needed was a joke too!

That is the whole problem.

Can't you remember that I said that Offor probably spends more on female company every year than he did buying CN's recently?

The money needed always has been a joke.

That is the whole problem here. Are we at the end of the current road they entered into?

That is the question.

Why is the TA gagged now, the vice president told me himself that he is not allowed anymore to give me the numbers, while he has done so twice...

He refered me to ERHC, and told me that this is what ERHC wanted, but when asking them, they won't reply for weeks and weeks now.

WHY, OC, WHY?

Why is ERHC not leveling with their investors as much as they can? Why so secretive with no apparent reason?

The Doc.

Those few lousy cents they needed, did not came available and any way/shape or form, other than via the CN's.

Why did Chrome not participate in the rights offering. Chrome is the majority owner, and did not come to the rescue of their own 'child'....

Indeed, based on rumours is what I said, and is confirmed by you.

:p

Krom,

Wouldn't the price go up even more if there are no sellers at these prices?

Peter and Sylvan stopped buy (I assume) at these levels, and others are also not willing to pay more...

We must be realistic, and I'm surprised we hold this level, almost purely on rumours.

Imo.

The Doc.

Krom,

If you mean by "NOW" this year, you are more correct probably.

My experience tells me that around fall/year end we will hear something about the EEZ.

Not to depress anybody, but we know how it goes.

And may I remind everybody that we should be ecstatic that it looks like ERHC has options and dreams again, in stead of looking like it's going belly up.

Did you notice Peter and Sylvan are not buying anymore at these prices, for the moment.

Volume is low. Experience tells me we will see some more hefty fluctuations over the coming months.

The Doc.

Yes, You can bet on it. But in the long run it is no problem.

You've had your 'MarkGovols' moment, chapeau.

The Doc.

Are you selling Krom? This is a reverse 'SSC' at work...

Jesus Talking...? Krom, come on...

Kingpin said:

Krom, I'm afraid your setting up everybody for dissapointment again with your scenario's.

You must feel like Mark Govols. lol

What is it with you and your riddles?

Tell me what you think is going on now, without any mumbo jumbo...

I'm just saying it will fall again, but that is OK.

And when it falls, everybody is down again, for no real fundamental reason.

I'm just trying to soften the landing.

https://en.wikipedia.org/wiki/Death_spiral_financing

Something else I'm not sure about, since CEPSA is incredibly big, and could handle multiple things at the same time in Kenya, without problems imo...

And behind CEPSA is an even bigger entity...

Therefore, I don't know.

This mofo is right.

IF and when certain scenarios turn into !@#$ing reality, this stock will mimic lighting a sigarette in a fireworks factory.

But that is not the case still.

The doc.

The share count is between 2.6 and 3 billion. What are you talking about, strategic reasons?

I know it's Africa, but this is silly. Even IF money did not go through, HE is the owner, everything could have been arranged! EVERYTHING! It's HIS company!

The DOC.

Krom... Krom, come ON!

Google convertible notes! They did not expect it...?

Yeah, right.

They have, on top of it, professional advisors...

No, it's not.

I know, but the $64.000,- question is:

WHY did Offor not scoop up as much as possible of the company, since the other Convertible Noteholders did NOT add much value to the company.

We can't be sure his strategy was to buy on the open market, certainly not because he could get that great CN deal...

Funding by others means for Offor: dilution.

By the way: I emailed Chrome abouth them buying shares, but no reaction.

http://www.thechromegroup.net/contact/

I mailed that Edwin guy.

Then why did he NOT disclose a reason for not participating, and explained what happened... even in general terms?

ASKING FOR THE SHARE COUNT IS FOR FREE, if done by the company itself, and on a weekly basis for instance.

This was relevant as of the autumn of last year, Offor could have Always stepped in, but he did not.

That is the main reason for this CN 'drama' which could be a blessing in disguise.

Why did he not scoop up all CN's? Did he really buy on the open market?

Why did he not participate in the rights offering?

Why is the share price gagged, for seemingly no apparent reason?

I urged Peter directly to AT LEAST dislose the share count on a monthly basis, its FOR FREE, as the Vice President told me.

No reaction at all from the little man.

The Doc.

Watch my words, this stock will come down hard again, without fundamental reasons.

But that is ok. Just let's not be surprised about it.

Long term: funding problem gone = huge gains.

The Doc.

Why did he not buy all the CN's that were created? He could have scooped up everything...

Was there turmoil in his life? Elaborate...

Does anybody have a link to that prospectus?

No, it's really true. No need for the emotional rollercoaster imo.

WHY did Peter decide to not disclose the share count on a weekly or monthly basis, he can get the info for free from the T/A.

Main point still is, what is going to happen with the 3 billion shares authorization. It's not the end of the world for ERHC imo, but in view of investors, the !@##$ will hit the fan again.

As long as there are no new convertibles hitting the market, the share price will of course go up.

The convertibles were the main reason the share price went down in the first place.

Fundamentally not extremely much has changed imo.

There is still a funding problem and oil glut.

Volume is still very low.

I was told that ERHC can get the information (share count) for free.

Extensive inquiries by people, and then ERHC will be billed.

So ERHC should and could disclose the share count on a weekly or monthly basis, imo, despite it's cost-cutting measures...

But they don't, despite me asking them via the website and via email (they do not answer the question)

WHY is that?

It's almost sure that they need a vote for increasing the share count beyond 3 billion...

Mail is from yesterday and the day before.

"BREAK-ING" NEWS (sort of):

Dan, everything ok?

Doc:

As is the case with all ERHC agents and contractors, I am no longer authorized to communicate individually with ERHC Energy Inc. shareholders. This is part of ERHC’s cost containment strategy and it effects all agents and contractors for the company. All questions, comments and suggestions should be submitted to ERHC via erhc.com/contact/. Except where regulation mandates direct responses, questions will be aggregated and the Company will post answers in its FAQs page (http://erhc.com/faq/) or, as appropriate, in its quarterly and annual filings. The company can’t continue to incur the expense of responding to each and every one of the numerous enquiries we receive daily (except where specifically mandated by law).
Sincerely,

Daniel Keeney, APR
DPK Public Relations

Toll Free: 800.596.8708
Portland: 503.922.0023
DFW: 214.432.7556
Houston: 832.467.2904
E-mail: dan@dpkpr.com

So if I ask the T/A for the current share count, i twill cost ERHC some fee?

Doc,

I am no longer authorized to communicate individually with ERHC Energy Inc. shareholders.

Sincerely,

Daniel Keeney, APR
DPK Public Relations

Toll Free: 800.596.8708
Portland: 503.922.0023
DFW: 214.432.7556
Houston: 832.467.2904
E-mail: dan@dpkpr.com

Web: www.dpkpr.com
Twitter: http://twitter.com/dpkpr
Blog: http://www.danielkeeney.com


Dan, not even for free?

(awaiting an answer)

Well, I would certainly like to know what happened to management's salary, if they so rigidly cut off all (paid?) communications via others...

The Doc.

Even Peter is sensitive to Krom's posts:

LOL. He bought another $1K

I rest my case... lol.

Don't overdo it. We still could fly over the 3 billion. Could, I say...

Krom, with ALL respect:

You are now trying to pump a little bit to hard on the other board.

You don't have to, the train will start itself at a certain point.

Risk by doing this, it will come down hard again...

Very low volume, retailer Ihubbers are buying now, partly because of your posts, I asume.

Remember, you said yourself that you needed to stop those posts of yours, but within the day you start again...

The Doc.

Be confident.

Krom, the reason the price goes up now is very likely because of the fact that no new shares are hitting the market, and retailers are mostly buying on rumours here.

http://www.nasdaq.com/symbol/erhe/stock-chart

Look at the volume chart.

Do we have one at ERHC? LOL.

https://www.linkedin.com/pulse/chevrons-shareholders-just-said-plan-stop-exploration-peter-ntephe

Bashing?

Really?

Krom, you shameless pumper... :p

On the other board that is.

Just a sidemark, 30% up today on a few Thousand bucks.

There WILL come tranches of cn's, just keep that in mind.

Even SO's and PN's purchases are still not earth shattering, if (!!!) they knew it would become a slam dunk.

If they knew that for sure, they would have bought at least in the six figures $$$, with their salaries.

Just some mild realism. :)

But you are right that potentially, it could indicate something very good...

The Doc. (in reaction to your post 305522)

NO, I don't.

Enlighten us.

That is what the Vice President told me also. He knew about the ERHE FAQ...

Also, in regards to kingpin's find:

http://shanemclean.com/2009/05/28/what-is-the-capital-pool-company-program/

Peter & Sylvan organizing a new 'scam'... lol?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=114697272

THE T/A IS GAGGED

Vice President's own words.

You should contact Sylvan with his big mouth and see what he has to say, in regards to all his previous BS.

You should read my post.

First I got it from Melissa, via the vice president.

Be sure that the T/A is gagged now.

No no no.



No no no. If they disclosed the share count to a man from the Netherlands without any questions asked, your argument won't fly.

The ERHC !@#$$% gagged the share price.

I mailed Peter and Dan and asked for explanation: answer = silence.

Krombacher,

Please contact Sylvan with the info I provided from the T/A vice president, Daniel Bell.

It is now Obvious that Sylvan is LYING, at least: changed his policy. Remember, this means that even if you go by their office you won't get the information anymore:

Although the word 'retain' suggest that it was never possible to get that information, I did get the information up until now.

That means that ERHC has contacted the T/A after June 2 to more explicitly tell them not to give out the information anymore.

I did contact the vice president in the beginning, and he authorized (obviously) that his employee Melissa could give out the information to me, because he forwarded my request to her.

The Doc.

P.s I'm beginning to (slightly) change my point of view in regards to management. Maybe some big investors are indeed not willing to invest in ERHC due to these 'amateurs' at the helm?

But then again: SINOPEC and CEPSA did invest in ERHC...

So things are not that obvious.

Remember Sylvan's big mouth to Krombacher, dodging and playing with words, now it is clear he is full of !@#$.

I asked them a lot, but Dan is not getting paid for that anymore, so hardly responses.

Don't hold your breath on a MOU is my 'feeling'.

But we must keep our eye on the ball.

And when looking at the 'ball', my main mystery still is SIR EMEKA OFFOR.

He is the one that keeps us and, more important, himself in this mess.

He can lift the spell on ERHC every single day. Every single day...

We know he converted his $250K already, at what was it? 0.001?

That would give him an additional 250 million shares.

Let's not forget: HE and Peter and Sylvan will suffer along with us if further dilution is not prevented, either due to more massive cost cuts, or due to do additional fundig.

What frustrates me the most is, that I can't logically understand what the motives of SEO are/were during the last 12 months.

Why was Offor so slow with demanding massive cost/salary cuts?

Why was/is SEO putting up with this all? And why did he himself not participate in the rights offering?

Most common sense at this point is, that SEO still sees no immediate danger for the daily operations of ERHC(?).

I'm sure he certainly wants to see ERHC participate in drilling Kenya, but also Chad and even more: the EEZ.

To help ERHC now will cost him less than ever before in the history of ERHC.

I think that because there is still no real danger of going belly up, he is waiting things out?

But on the other hand, why the !@#$ did they hire Deloitte if SEO would be willing to step in when really necessary?

Can we all conclude that Offor wants to see ERHC survive (hence the $250K) but at an absolute minimum of cost?

But why did he not cust management fees in half at least half a year ago.

Again: what frustrates me the most is, that a lot seems so UNLOGICAL.

What would have happened if Offor still was on the BOD?

The Doc.