ERHC Energy Inc (ERHE)

[ponzi_implosion]

ERHE could have been provided cash under terms and conditions that are not an outright sale. Examples are promissory note, convertible debt, bond sales, preferred stock issuance, and a guaranteed position on any potential equity to name just a few.

I would also note that as I recall, the JDZ / STP did not issue anything when ERHE inexplicably stepped aside to let Starcrest (Offor) at some of their prior rights.

For some odd reason, ERHE management does not feel compelled to let the shareholders who financed this operation an update.