ERHC Energy Inc (ERHE)

[Strategyone]

I have been searching for the actual filings and I am not finding them yet. The two that nh posted are both "intent to sell". Neither one he posted is stating the sell took place. According to Bloomberg, the last insider sale was back in 2004 but this data is only good through 10/15/06. I don't know when it gets updated to cover the 11/3 or 11/6 date time frames in question here. I will keep watching it.

Second, if Memon actually sold his 1.272 million shares the price would have gone down, not up. I think the volume that we saw back on 11/3 (that oily predicted also) had nothing to do with Memon. I am guessing it is either friends and family of insiders that know of some news soon to come out or friends and family of a newly hired CEO/CFO etc.

Ali Memon still has 78 more days to sell any or all of the 1.272 million shares registered and unless he does this going into news, it will take the pps down.

By the way, I seriously doubt Memon met with the DOJ or SEC. I believe he resides in Nigeria. If he is actually selling soon, it is probably to raise cash for bribe money for upcoming elections in Nigeria.

GLTA