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Re: balance_builder post# 44231

Friday, 04/14/2006 10:59:48 AM

Friday, April 14, 2006 10:59:48 AM

Post# of 367090
I don't think this had to be disclosed, only if the 9% came from our original 25% which it did not. It came from NBL's awarded percentage and was not material to the company since we never owned that 9%. I also don't see why ERHC would have to file that Addax's check cleared, its not necessary, and its not ordinary procedure in corporate America to file with the SEC when the check for an asset sold is collected, the original material event alerting the shareholders that the event has occured or will occur in the future is enough, only if the money had not been received and the deal fell through would ERHC have had to file with the SEC to let us know.
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