ERHC Energy Inc (ERHE)

[tryoty]

At this point Ntephe looks like a crack addict that found a credit card with the PIIN written on the back... he simply can't help himself.

The real liability here lies with the BOD. They *never* should have allowed Ntephe to use convertible debt... period. End of story. Knowing the consequences is their JOB.

The blame for this disaster lies with the BOD. Ntephe was too incapacitated to see the destruction he was creating, but the BOD should have seen it long before the first Note was signed.