ERHC Energy Inc (ERHE)

[nordicroots]

Doc - It would be really interesting to see if he were to respond to any of these points. But somehow I don't really see it forthcoming.

Something else that has sort of faded from view is the lost investment in the R.Allen Stanford scandal. And getting an update on recovery would have been an interesting additional question for you to pose.

With the recent recoveries that were announced in the unrelated Madoff scandal I did a quick search to see if any progress has been made on the recovery efforts in the Stanford case. (I recall seeing earlier posts detailing the fact EHRC has lost such a big bundle along with the many other investors Stanford bilked). I see that nearly 5 years later, there seems to be some progress being made on the Stanford recovery, but they are only meager crumbs given the amount that was consumed by Stanford to support his opulent lifestyle. And the recovery as stymied by the outraguous professional fees that all the professionals engaged to assist in the recovery have billed. With that said though, there seem to be recoveries made. Against this backdrop I was sort of wondering if ERHC management has even pursued the process for legal recovery of the lost funds? Is anyone on this board aware of anything related to this issue? I have not seen or heard a word about this anywhere. Given the current situation, this could be important.

Recovery of even a small amount on the funds lost at this particular point in time would certainly be a better proposition (by using the funds to pay off the noteholders to the extent that would be possible) than subjecting long term shareholdes to the immense financial pain inflicted in the midst of the convertible note conversions. I noted that there is a website established that provides a lot of links and details to subit claim forms to be formally included in the receivership. This would seem to be one of the more reasonable and prudent measures that a responsible management team would take once they learned of the scandal so they protected the interests of the owners of the company.

Here is the link: http://www.stanfordfinancialreceivership.com/