ERHC Energy Inc (ERHE)

[ssc]

That little fairy tale is based on absurdity. Let's look at just 2 of the absurd arguments.

1) Offor wouldn't screw the outside shareholders. Well, let's look at historical facts. erhc shareholders have already been screwed twice, both times losing 99+% of their investment. And this happened as a public company. It would be even easier to screw outsiders as a private company. As it stands, erhc has already stopped reporting financials, stopped updating shareholders, stopped having annual meetings, and shareholders are totally in the dark about everything except the sad fact that their shares are worth close to zero with no buyers in sight. So investors have already been screwed a third time, though a few can't stand to admit it.

2) Current shareholders aren't selling. Actually there is some selling almost every day. The fact is that any large volume of selling immediate sees the bid crash to .0001 or completely disappear. Those stuck with 100's of millions of shares aren't selling because no one wants to buy, not even for almost nothing.

The only price that matters is the one quoted every day. It remains near zero and there is not a shred of proof that Total or anyone else wants to buy erhc, and for sure not at a ridiculous 20,000% premium.

A fairy tale misnamed as logic is still just bullshit.