ERHC Energy Inc (ERHE)

[ssc]

For anyone fed up with the continuing 4 years of silence from erhc management or the continuous baseless nonsense about erhe short sellers, buyouts, dividends and made up letters and lawsuits, there is still time to do something before SEC revocation and/or U.S. trading ban occurs.

I suggest calling the company and voicing your concerns with management that sits quietly, seemingly welcoming privatization, as the stock remains near zero. For anyone looking to complain to the SEC, here's a template for one type of letter that could be sent to the SEC:

I want to submit a complaint about ERHC Energy (symbol erhe) and the fact that it has not filed financial reports for almost 4 years, does not hold annual shareholder meetings, and has virtually cutoff all forms of transparency and communications with its shareholders. They do not return emails or phone calls.

I would also like to file a complaint about a person named Guerguerian Dickran who, according to ;ublic SEC filings (which were made a year late) owns about 13% of erhe shares. He/she frequently participates in pumping and hyping ERHC. Since becoming the largest owner of erhe shares, he frequently posts that the company will be paying 1 cent dividends, that there are more than 1.5 billion shares of erhe sold short which will cause a major short squeeze and lift the price of erhe to as much as $8, that the oil company Total will do a buyout of erhc energy, that there is another investor who owns more than 50% of erhe shares although there are no SEC filings to show this and many other things that, because of erhc's information void, only an insider like himself would know. Links to the information he/she posts can be provided if needed. There are thousands of posts predicting dividends, buyouts, short squeezes and huge price gains.

My complaint is twofold. First, how can a shareholder like myself have any idea what to do with this investment if the company is allowed to ignore all SEC reporting requirements and does not provide any information publicly to its shareholders? Second, why is a major shareholder (actually the largest erhe shareholder on record) allowed to disperse wildly bullish information about this company from which he/she stands to profit from with over 400 million shares owned?

I am also very concerned that ERHC management is executing a plan that would take the company private and that I will end up with worthless shares while insiders end up with everything. I implore you to investigate what is going on here.

Here's a link to use if you prefer to submit online:
https://www.sec.gov/oiea/Complaint.html