ERHC Energy Inc (ERHE)

[Krombacher]

First of all,

If Offor owns most of the voting shares, and he owns them in a margin account, then it doesn't make a difference if other shareholders move their shorted shares from margin to cash because shorts wouldn't be borrowing the shares from us but from Offor. So it would have to be Offor who has to move his shares to a cash account

But that could be a wrong assumption, because the shares could've simply been printed and the shorting is naked not borrowed. In that case only a buy out forcing shorts to deliver TTE shares or a dividend forcing shorts to pay a penny to all the shorted shares will change a situation wherever shorts can print infinite shares to meet demand.

Second, we have a group of shareholders who want to know whether their shares are voting shares. That's their right. We are taking steps to learn that information. We certainly want to vote for a dividend for the reasons above as soon as Erhc has the means to issue one.

Krombacher