ERHC Energy Inc (ERHE)

[tryoty]

7 billion new shares.

Now can we address the elephant's (plural) in the room that everyone ignores?

1.) There have been at least 750M new shares released since last summer. Offor hasn't bought them. He therefore may not be the biggest shareholders anymore. If he doen's act soon he may lose the company.

2.) This company came to shareholders and asked for a vote to have the authorized raised to 3B shares. Why did they bother? They could have left the authorized at 950M and done a reverse split to lower the outstanding, and then dump more on the market... wash, rinse, and repeat. All of what they are doing could have been done with the Authorized left at 950M.

None of what is happening makes any sense... this is where the company's "piece of garbage CEO" could and should step up and communicate... but he doesn't, and all of the Director's (in name only because they don't do sh!t) sit and watch the company be destroyed by Ntephe.

WHY???