ERHC Energy Inc (ERHE)

[midtieroil]

ERHC had years to resolve this problem. At every level they could have settled or come to some sort of agreement with the IRS. The IRS is usually eager to settle these cases and they rarely go to tax court let alone having a lien filed. I too would like to know who is responsible but that won't happen with ERHC where nobody has ever been held responsible or accountable for anything.

This wasn't an oversight. It was gross negligence. I seriously doubt the CPAs knew about it or they would have demanded disclosure or would have been fired. I'm not impressed with the CPAs or management. I hope that changes with the new guys.

Someone needlessly lost 5 million to Stanford and another 5 million to the IRS. Someone should be fired. Unfortunately the the two someones that make the firing decisions are likely the ones who are solely to blame. Yet they are still there apparently collecting their full salaries despite all the financial problems, dilution and screw-ups.

Anyone heard from the BOD who is has a fiduciary duty to oversee this? Of course not.