ERHC Energy Inc (ERHE)

[midtieroil]

Actually a lot of companies file bankruptcy which allows them to reduce debt and reorganize without all these lawsuits and creditors interfering. Many do well afterwards.

ERHC may not have done so due to the possible loss of blocks upon a bankruptcy filing.

In reality, ERHC has wiped out almost all shareholder value not once but twice. That is just as bad as bankruptcy. Most chose not to be fooled a third time and buy back in with all that debt still outstanding and the same management still in place.

The few that did buy back in have every right to hope for a miracle this time around. And the ones that didn't have every right to question the bad management decisions that brought us to this point and get some answers about why the disclosure was so lacking and why nobody was ever held accountable or responsible for anything.

Perhaps it is appropriate to decide all this in a court of law. May those in the right win and those that are not be held fully responsible.