ERHC has proven,
please take a moment and step back to read your suggested statement. Now think of it as if the previous one hadn't been done.
Here are two reasons why I am glad your suggestion was not released:
First, the statement of "if its current funds run out" would create panick and concern over the thought that it might or that management thinks it might. It is also extremely unprofessional to make such a comment.
Second, the statement of "there are no current plans to sell shares at this level" could not be stated as it potential puts ERHE into a future lawsuit. ERHE does not know the future and can not know exactly how the share price will be valued in the foreseeable future. If they made such a statement and more delays or bad news occurred, the future price may be lower than the current price of this proposed release. This may put ERHE either into a bind of NOT being able to raise capital in this fashion when needed or create a potential lawsuit if they did raise capital in this fashion. Again, this wording would not be taken as positive as you might think by some of the investing public and would be unprofessional in my opinion.
Speaking from my point of view, I did not take the shelf filing as negatively as many here have interpreted it. I am guessing that there are many here who read the filing for what it was. It was simply setting the stage for possibly raising capital in this fashion using common boiler plate language that many, many other companies use. The known “bashers” out there used the boiler plate language to instill doubt and fear which they would also have done with your proposed wording.
Back to waiting.
