ERHC Energy Inc (ERHE)

[tryoty]

I believe they bought because they felt the shares were grossly undervalued. I also believe they are not buying now because they are in possession of inside information that would be illegal for them to trade on.

The notion that they bought to create an impression is nonsense. Would you throw a years salary away to create an impression??? It's not like they could extend their salaries 5 years by buying. The convertibles raised a scant $2M, most if not all of which went to drilling costs, not salaries.

The theory that they bought to entice buyers to extend their salaries is nothing more than fear mongering.