ERHC Energy Inc (ERHE)

[tryoty]

exceo, if Gandur was lying to prop up Addax shares, which is really the only reason he would lie about a ROO, it didn't work out so good! If you go back to Addax's first PR about a ROO and subsequent repeated failures of delivering you can see there is a direct correlation between no ROO and a falling share price. Addax has lost THREE BILLION in market cap since the first mention of a ROO. I'd say the market is signalling pretty clearly that it doesn't appreciate Schrull chanting "company maker" and "world class", Gandur sticking to a ROO by Q4 until this last CC, and nobody delivering nada.

That failure cost Addax shareholders, and Gandur personally, billions.

The bulk of what I just wrote was sent to Addax last week. Of course there was never any reply... truly the worst Investor Relations I have every seen.

Anyway, I do think they really were days away of ROO signing, and then everyone stopped everything (including breathing) when Armageddon hit. The fish everyone needed to fry was which bank are we in and how do we protect our money. Signing the ROO was push to the back burner so fast it fell off the back of the stove! IMHO.