ERHC Energy Inc (ERHE)

[rocky822]

Semi-OT: The below was taken from another board and while it discusses "companies posting on message boards", I think the content is applicable to PR companies, too.

(Edit: I'm not suggesting Keeney shouldn't post press releases here, just thought this was a good explanation of why there are no responses to people's follow up questions/posts.)

"interesting info about companies posting on message boards...

http://www.realcorporatelawyer.com/faqs/faqcybersmears.html#j

J. Companies Who Participate on Message Boards

Should a company communicate with investors on message boards?

Probably not - but several companies have tried it.

There are several ways that company participation on boards can expose a company to liability for its messages. For example, if a company chooses to post a message - even to counter or correct employee misstatements - the issue of selective disclosure arises since dissemination of information on the Web does not comply with exchange rules. See more @ wide dissemination. Then, the company must consider if it has a duty to update its messages. See more @ whether a company has a duty to update.

Perhaps even more important is that a company may not be able to follow its "no comment" policy once it posts a message. See more @ ability to say "no comment" after posting a message.

There is also the practical issue of cost. The few companies that have tried to respond to investor queries on boards found that the practice is time consuming - particularly since investors tend to post more questions if they know that a company responds.

Some commentators believe that the SEC should adopt measures that would limit liability for companies that participate on boards solely for the content of the messages that they post - they would not have liability for what other parties post. They also argue that companies should not be liable if they do not monitor message boards.

Source: An article that includes interviews with companies that tried to respond to messages is "Who are these People? Investor Chat Rooms Give Companies Fits," Signals (September 10, 1998) at www.signalsmag.com. The Committee on Federal Regulation of Securities of the Business Law Section of the ABA noted that the SEC should take action to limit liability for monitoring and third-party messages in its August 2, 2000 comment letter on Release 33-7856 (May 4, 2000).