ERHC Energy Inc (ERHE)

[tryoty]

The latter rings true. Offor provided $250K and converted quickly, but ZERO reporting was done on how many shares he got.

Keep in mind when I say "insiders" I am talking about Offor, Exec's, and all other shareholders that they influence. If past voting is any guideline it puts Offor's control/influence at 70% of shares outstanding.

Admittedly, the shares out have gone from 750M to near 3B over the last year. There is no way to know who owns how many of that increase. It's likely that the lenders did not sell all of the shares they received upon conversion, but I do think they sold enough to stay below 5% to avoid reporting.

The whole point is forcing a shareholder meeting is a complete waste of time and only causes the company to incur more expenses when they can least afford it.