ERHC Energy Inc (ERHE)

[rocky822]

What does he mean "Colorado-registered ERHC shareholders"? In thinking about it I guess he's trying to say "shareholders of ERHC, a Colorado registered company"? But, it sounds like there's a group of shareholders registered in Colorado? Is there anyway that makes sense?

And, imo, there's no way his source for these last two paragraphs are any other than here and IV.

"Offor also came under fire this week from Colorado-registered ERHC shareholders for appearing to commit a breach of fiduciary duty by diverting a commercial opportunity for his own benefit, preferring to press the interests of Starcrest rather than ERHC in Nigeria's Exclusive Economic Zone.

Burgeoning disquiet among ERHC shareholders may yet result in a class action derivative lawsuit under US federal jurisdiction designed to prompt Offor to revaluate his acquisition strategy in the Gulf of Guinea.

A spotlight thrown on the world of Nigerian licence allocations at this juncture could dissolve all confidence in the country's upstream policy until a new administration takes charge next May.