ERHC Energy Inc (ERHE)

[Julius Erving]

http://erhc.com/leadership/

Dear Peter,

Can you enlighten me? Despite what is going on right now is pretty obvious.

Emeka Offor is DELIBERATELY not helping his own company out, with a sufficient cash infusion, in order to calm the other investors, and to take away the biggest fundamental concern of the market: ERHC’s financial health.

The Chrome Group is an international oil and gas conglomerate and a longstanding major shareholder of ERHC, with revenues in the billions of dollars I’m sure. According to it’s website the Sir Emeka Offor Foundation has so far committed over USD 4.9 million dollars to charitable projects. Sir Emeka Offor is also a Major Donor to the Rotary Foundation.

Yet he, the majority owner, is currently, in an extremely late phase, willing to provide a staggering, mindboggling $250K and his company, via it’s PR officer, remarks: “ I can say that ERHC is very pleased to have a major investor like Chrome provide needed funds. The Company must have these funds in order to operate and continue to mature its assets.

A blatant lie, since this little amount is hardly sufficient and therefor is having no effect whatsoever, not in the least to the share price.

Also: austerity measures in our current situation is MANDATORY, the BOD should have put these measures into place months ago. But what do we hear? Nothing!

Austerity measures can have triple the effect of Offor’s current funding, and yet WE DO NOT HEAR ANYTHING from the company.

If I look back at all the nice words our CEO had for us, being a family. It makes me vomit…

Is the company not scared of legal action taken, regarding this scenario to run the share price into the ground?

Peter, speak up! WHY IS OFFOR ONLY INVESTING A FRACTION OF WHAT IS NEEDED INTO HIS OWN COMPANY? He has spent more money on his marriage. Everybody knows what is going on.

Peter, speak up. You are the CEO. You have a responsibility to manage the company in a proper way.

Doc.