ERHC Energy Inc (ERHE)

[Krombacher]

You said that if the need for additional capital arises, then a reverse split and convertible debt is back into play.

But we haven't had one in nearly a decade. So by inference, you must be saying that ERHC does not have a need for additional capital all these years... probably because their PPP application implies they had $1.6 million in revenue annually, since they got the PPP funds twice and to get them they must show revenue. I'm guessing the Starcrest merger went through and that's where the revenue comes from. Starcrest is also partly owned by Offor. And they had an MOA with starcrest just prior to the gag order going into effect.


If Offor owns the vast majority of voting shares then why would he bother taking the company private? To save on SEC filing fees? They already save that thanks to the gag order.

I guess I'm not following your logic as to why Offor would bother going private. What would be the advantage of that? And management likely owns significant shares. If Offor could buy shares behind a gag order, then so too can management.

Krombacher