ERHC Energy Inc (ERHE)

[ssc]

The answer has been given but some choose to ignore it. It is so obvious and probably too painful for a small circle of investors to face.

Yes, erhc no longer wants public investors.

No, there is no proof Total is interested in buying erhc.

Yes, erhc has basically been operating as a private company for over 2 years, completely ignoring all the safeguards the SEC tries to provide for public shareholders. As a result erhe shares were suspended, then banished to the grey market and now facing revocation.

Yes, shareholders are stuck because there is little buying interest and the price sits near zero as it has for over 3 years.

And yes, as a private company run by Offor and friends, outside shareholders can expect much of the same regardless of any possible future success of the company.

Imagine a small group allegedly owning over 1/2 the erhe shares but unable to get any information about financials, attend an annual meeting, receive updates on material information or even a return phone call. And that is while erhc is still a public company. To think there would be more transparency with a private erhc is ridiculous.

So why the fight over a block and for whom did they fight it? Simple. Offor and friends are trying to protect their investment but outsider shareholders won't be sharing. No news, no financials, just stuck and in the dark owners of 1/2 the erhe shares. Good luck in revocation land.