ERHC Energy Inc (ERHE)

[jbofthecloth]

Let me tell you what IS going on.

1) Sinopec/Addax holds all the cards. They give ERHC whatever info they want to and tell ERHC what they can say. Normally a junior would be flooding the world with news flow, but ERHC is being held back. Sinopec has no reason to provide any information to anyone (Nigeria, DRSTP, JDA, ERHC, etc) that will compromise their leverage.

2) Without news the stock does nothing but drift lower. People get pissed off at management and it gets worse. Management does whatever it can, subject to point 1 above, to create a reason to buy the stock or stop the bleeding - the announce an AIM listing.

3) Sinopec wants Offor out and want his piece of ERHC (they dont need him), but they are not willing to pay his price.

So what does Sinopec do? You guys can figure it out.