Yes, and the party that signed it is Total, who is ok with ERHC, otherwise Total would not have signed it.
Erhc report card:
1) Not cash starved. Fought expensive litigation and no longer has those costs to hamper it going forward.
2) Does not need to report because it is not courting individual investors. ERHC is courting Total, and the only entity needing to see financial reports is Total.
3) Not poorly managed. ERHC succeeded where others like HDY failed abysmally.
4) Grey Market - yes, the expert market part of the grey market.
5) We don't know if it will have its registration revoked. All we know is that it didn't get its registration revoked when others in its cohort did. The "DBMM" defense might have worked to delay any revocation. And if Total buys us out and pays us TOT shares for our shares, then revocation becomes a moot point.
6) Common investors don't need annual meetings. The only investor that needs periodic meetings is Total.
7) Non Transparent = New Paradigm allowing longs to buy from shorts cheaply.
8) Nope. Trading for 4 hundreths of a cent.
9) I assume you're talking about Offor?
10) It has not failed at domestic oil production as its Texas well is producing. You pulled up the wrong well in your research.
11) No longer has any IRS liens, all resolved despite its purported "cash starved" position.
12) No shareholder updates are needed. Only shareholder update that matters is to Total as a potential shareholder.
13) I am not aware of any pending lawsuits.
14) Phone was hacked and not disconnected.
15) Office was expensive. Glad to see they cut those costs.
16) JDZ assets panned out...because Total is now in the JDZ.
17) Kenya assets are just a question mark right now.
18) Dilution paved the way for shareholders to buy very cheaply and while substantially increasing ownership stake. Some such shareholders are break even at $.0004.
Muy bueno.
Krombacher
