ERHC Energy Inc (ERHE)

[nordicroots]

It will be interesting to see what they do with it.

I found a few interesting publications that I think are worth sharing with the board. After taking the time to read and digest, it might be worth some discussion:

Working Paper from Harvard Business School:

http://www.hbs.edu/faculty/Publication%20Files/12-089_42a5328b-f99c-426e-8d59-985c63fa3bb0.pdf

"In summary, the evidence supports the existence of strategic mimicry, which the capital market did not fully discern for many years. It also supports the explanatory power of reputational bonding to explain the fact that adoption of U.S. institutions can be used either to build reputation or to exploit relatively weak U.S. cross-border law enforcement."

Client advisory – Carter Ledyard & Milburn LLP
Read the whole thing...

http://www.clm.com/publication.cfm?ID=24

Business Insider article

http://www.businessinsider.com/sec-in-massive-probe-of-chinese-reverse-mergers-that-have-cost-investors-billions-2010-12

"Reverse mergers -- sometimes called reverse takeovers, or RTOs -- are perfectly legal in the U.S., and have been used in the past to give birth to solid public companies, including the parent company of the New York Stock Exchange itself. If there is a flaw in the process, the flaw is that it allows stock manipulators to circumvent regulatory scrutiny."