ERHC Energy Inc (ERHE)

[Julius Erving]

A quote:

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.

So my following question has been answered:

So the question is still open: why did ERHC go ahead with the fierce (lengthy, expensive and certainly time consuming) legal battle over just one ERHC EEZ block anyway? For WHOM did they do it, if they obviously (I agree on that) did not do it for 'retail investors'. They did do it for SOMEONE, common sense dictates that of course. Here is where true DD starts...

Well, I, and others, claimed the very same for a long time: that Offor and friends had an interest in ERHC to protect, but that claim was fiercly disputed by some... But common sense has always dictated this.

Common sense also dictates the following:

Now would "Offor and friends" have taken this complicated litigation road, if they only needed to protect a 10% part of ERHC, or let's say less than 50%? Certainly not very likely, when we realize that there were moments that "Offor and friends" could pick up hundreds of millions of shares for next to nothing...? Therefore it is of course more than likely that "Offor and friends" are majority-owners. Common sense dictates that they, at those moments, picked up every single share that became available.

If "Offor and friends" wanted to protect their investment, than they are also the ones that kept ERHC from going bankrupt for all those years, and had the clout to get a contract with Supermajor TOTAL S.A. regarding EEZ BLOCK 4.

Now we are talking 'true DD', instead of DD by 'just looking at the share price'.

I know what is coming now, but that will be addressed in a next post by me. One step at a time.

The Doc.