Addax Petroleum (fka AXC)

[midtieroil]

Failing and being bad management is one thing and that is bad enough. But deliberately and repeatedly hiding material information is far worse. And that is exactly what happened here with ERHC. And everyone invested here should know that whether they want to admit it or not. Whether this lack of disclosure was a deliberate attempt to deceive or whether it was due to a total lack of any management and oil & gas experience will likely never be known.

But watching this type of incompetence, doing nothing about it and accepting it as the norm is something I hope I never again see again in my lifetime. I know for a fact that this would never have happened in any other company I have ever invested in. Why nothing was ever done here before it was too late still mystifies me. This unrelenting support for abject failure has always smelled fishy to me and it still does.

I probably would have quit posting about ERHC years ago if there wasn't so much effort to dispute every word I said when almost all of it was true and accurate.