ERHC Energy Inc (ERHE)

[iwondertoo]

Well, I guess it depends on what you would consider "ridiculous valuations" The company leaders came up with another exchange, which indicates $4+, and "north of $10" Both of which can be considered ridiculous considering where we are.

I agree that they cannot be held accountable for the downturn, but they can and should be held accountable for not changing expectations if and when their expectations changed. We are left, still, with the same guidance written down, on the website, with no updates, despite the fact that time itself has put them out of date so that we are left with no guidance from the company at all, relating to their expectations of the future.

At any rate, I agree that management cannot be held accountable for the irrational rumors that can abound here, but I do think that to the extent that communication from them as to what they think the future holds would have put a stop to most of them, so, perhaps in that way they can be held accountable.

Also, although I don't think you ever addressed this issue, I disagree with Keeney saying that the price offered doesn't have to be publicly known if it isn't in the "ballpark" (I think is the term he used) surely we, and the investing public deserve to know what is being offered, even if it is lower than SEO wants, it would give us a much more realistic idea of what the value of this company is to potential buyers at the moment, even knowing that it will change according to the finding or not finding of oil and/or gas. I would REALLY like to know what (if any) offers had been made. All we have is that Addax supposedly offered $2.50 years ago, and that only from a trusted poster, nothing from the company. Surely if that offer had been released we wouldn't be fighting around .55 right now. IMHO