ERHC Energy Inc (ERHE)

[walldog0]

mickey94...ERHE is governed by the rules of the SEC....

and Colorado State Corporate laws, and these rules tend to protect shareholders from the type of mistreatment you are asking about.

Buyout, and takeovers by large shareholders, is severely restricted to something like 2/3 of the voting shares.

In other instances, the buyout entity (say SEO), can't vote there block of shares, because it constitutes a conflict of interest...they must recuse themselves from voting.

I'm not a lawyer, but this type of hostile takeover or insider buyout of the common is highly frowned upon, and with the ABC gang watching....its impossible,...imo!