ERHC Energy Inc (ERHE)

[DegenerateGambler]

Pete, you ask about how others feel about ERHE. Well after listening to the cc I feel much more confident about the company. My main worry has been the investigations since the govt came down hard on the company and continues not to relent. After the cc, it appears much clearer the govt's motivation was that hyped up report that the sour grapes oil companies concocted to try to destroy ERHE and their rights. Hearing from our lawyer, Madigan, that he believes it is a bunch of BS is quite a relief. I believe he indicated there were no actual FACTS in the report.

By the way, I am the Robert Parker that asked him the question which stimulated that response. I asked about Rep. Jefferson case and Madigan expanded on the reasons for the investigation being the report. It's funny how a simple question, like the one I asked, cleared up so much ambiguity about what the investigations were based on.

Then there was a another great question by someone else who asked about the Statute of Limitations on these investigations (with excellent time and dates). Here was the great news, it sure looks like the govt must ACT before May 2008 or the will the case will be excluded because the Statute has tolled. So according to Madigan, unless the govt files charges by May they will not be able to file. I did get the feeling Madigan did NOT want to discuss this matter too much, since he may be hoping the govt screws up and missed the deadline or is not even aware of it being so close. Maybe this should not even be discussed here as it is possible the govt is monitoring this board, but I really doubt it.

So it is only a few months away before SOMETHING will occur with the investigations. Either a case will be filed or it will disappear. Since Madigan feels there is no credible evidence, this short time frame makes me feel very good. Prior to this cc I thought it could be years before the black cloud of the investigations would be lifted.