Mid,
It would be my suggestion that the letter you wrote to the BOD's on behalf of a group of stockholders is still relevant.
While I appreciate the fact a PR was put out, I still read through it and several questions come to mind:
1) Why is ERHC incapable of sending out a PR to its stockholders, the investment community, and it's Peers that is well written without grammatical or content errors? BB has (through DK)in the past corrected most of the content errors.
2) Why now? The little information that they did post is what DK has beeen telling us they could not release for the last 8 months? What changed? Is this a response to the pressure felt from your potential letter to the BOD and SEC? If so in my opinion as a 5 year stock owner it is inadequate (at best).
3) This PR was way too heavy on inuendo and hypotheticals (not much real news). Have we become ok with that type of dialogue and are we supposed to be happy with any real information they release, regardless of how tangible it may or may not be? a) NSAI figures sometime before EOY. b) Maybe Phase II but also maybe a continuance of Phase I (by the way what the hell is a continuance of Phase I). c) Found gas in 3 of the 5 wells drilled. (which wells, which zones, what type of gas, and how much, how many feet of pay). d) did they find condensate? e) Did they find oil?
Mid we need to keep pushing these guys and require them to be upfront and to do their jobs at a level that is consistent with their peers in the industry. We all know that there is some info that they cannot publish, but they can do much much better than they do.
My 2 cents!
BAY
By the way I predict that our shareprice will have a small positive increase based on the small amount on inadequate info they released.
