ERHC Energy Inc (ERHE)

[ssc]

While doing research on the teachings of Ben Graham, did you come across the part where he or Warren Buffett said to seek out triple zero, non-reporting, on the brink of revocation, grey market stocks with no revenues, no more shares to issue, and that offer no transparency and no annual meetings to its shareholders? Or perhaps you found his formula for valuing a company based on one lengthy legal document with critical details redacted. I'd also like to see their views on how the cost of litigation can be used for investing decision making, especially when the amount of those costs is unknown, who paid those costs is unknown, how funding for those costs was acquired is unknown, and the track record for the litigation is 1 win and 1 loss.

Feel free to share links to Graham's or Buffett's thoughts on those concepts since they would apply directly to erhe. Of course it is quite likely no such links exist since attempting to apply any of their investing strategies to erhe is just a walk thru a pile of bullshit.

Perhaps it would also be helpful to show where Graham or Buffet say if all else fails simply start making up stuff - like huge short positions in secret foreign accounts, management master plan conspiracy theories, multiple dividends and 20,000% buyout premium on the way, false claims of libel suits and cease desist orders, and done deals that just can't move forward.

The facts define erhe's price. And one of the many indisputable facts is that the almost 2 years old 400 page document has done absolutely nothing to add value to erhe shares. Maybe sad but definitely true.