ERHC Energy Inc (ERHE)

[Julius Erving]

An exercise in common sense:

I've seen a lot of Reverse Splits and most were purely to extend the time frame of the demise of the company. That lets the CEO still pillage the company for his own purposes....i.e. paycheck, bonus, etc. Or it raises the sp back up to where it can be used for more dilutions.

That also explains why ERHC is going through a lenghty and expensive litigation trajectory regarding just one EEZ block: to let Peter pillage for his own purpose... O M G.

Thank God for common sense.

******

Some other quotes:

Link please to the number of shares Offor and friends own.

Say what!?! I spend two whole common sense posts that explain why you don't need a 'link' here. And you agreed that "Offor and Friends" are protecting THEIR investment. O M G

It's not too difficult to picture what might happen behind closed doors of a private erhc.

You don't need to worry about that. This will only affect people who actually have ERHC shares, people who OWN a piece of the company...

So yes, Offor is calling the shots and it doesn't matter how many shares he owns

There are numerous courses to be found on the internet that teach basic investment skills. https://books.google.nl/books/about/Investing_For_Dummies.html?id=IADrbfhdTDcC&source=kp_cover&redir_esc=y

If erhc ever actually has any financial success you can bet outsider shareholders won't share in it.

1 share is 1 share. But thanks for looking after me.

So, we are full circle here, again. I learned that ignoring common sense is not wise when doing true DD.

I would say: "Exactly!".