ERHC Energy Inc (ERHE)

[ponzi_implosion]

A signed contract is only as good as the parties that sign it.

ERHE's report card:

1) Cash starved non-liquid company
2) Non reporting
3) Poorly managed
4) Grey Market
5) About to have its registration revoked
6) Non compliant with annual meetings
7) Non Transparent
8) Trading for 0ne one hundredth of a cent
9) Major (alleged majority shareholder) non reporting-ownership filings
10) Has failed at domestic oil production
11) Was audited by IRS and had major fines / back taxes
12) No shareholder updates
13) Sued by multiple parties
14) Phone was disconnected
15) Offices vacated / now operating out of a Regis office
16) JDZ 'Assets' did not pan out
17) Kenya 'Assets' did not pan out
18) Diluted shareholders by RS / Convertible debt

No bueno