ERHC Energy Inc (ERHE)

[Krombacher]

Not secret foreign accounts, but CANADIAN ACCOUNTS.

I'll wait for someone to make the statement that there are no shorts sellers in ERHC in Canada...without qualifiers. Such a statement will not be made by anyone who is also a Canadian short seller, because then that what would be fraud on the part of that short seller.

Qualifiers include: EXACTLY 1.7 billions shares, when it could be more or less than that.

"Foreign accounts" when accounts in Canada are not foreign to Canadian short sellers

"no evidence" or "no shred of evidence", to indicate that there's no evidence with FINRA, when in fact, Canadian short sellers don't have to report their short positions to FINRA

"no LARGE short positions", but without defining what "large" is.

"secret accounts", because Canadian short seller accounts are not a secret to the short seller, the regulatory bodies of Canada (which don't publish short positions on OTC U.S. stocks by Canadian short sellers), and the short seller's broker. It's not a secret to them. This is simply a qualifier in an attempt to make a statement true.

"lack of a short squeeze", as if to imply that Short Sellers cannot meet margin calls except through a short squeeze. The fact is that short sellers can easily meet margin requirements if they contribute capital to their accounts or close out other short positions. We've seen that other equities not related to ERHC rise in price...the same equities also shorted by ERHC short sellers in Canada. These price rises can be attributed in part to short sellers covering.

"no one shorts a stock at $.0003 because the risk reward is not there", this statement has been debunked as bullshit because a short position from any price is a 100% gain if the company goes to bankruptcy as expected. So to a short seller, it doesn't matter when he shorts so long as he does all the way down. Except, ERHC is not going bankrupt. In 2016, ERHC had its "going concern" statement issued by its auditors, a statement issued when a company is expected to go bankrupt within a year. Many years later that has yet to happen.

Finally, it is IMPORTANT for EVERYONE invested in ERHC to read this article and understand the games Canadian short sellers play:

https://oilprice.com/Energy/Energy-General/Naked-Short-Selling-The-Truth-Is-Much-Worse-Than-You-Have-Been-Told.html

Yes, the OTC is a rigged system. And when a stock goes to the grey, while no new short positions can be placed (unless the Canadians have found a way to do this), existing short positions from before the grey listing are still open.