ERHC Energy Inc (ERHE)

[Strategyone]

The only reason for a company to ask the investors to disclose them is if there is a positive PR play. I think that only would have been true if ERHE was doing a private placement to other companies within the Oil industry. How good would it have looked if Total or Sinopec would have participated in it? In this case, it was simply a financial transaction and there is no net PR gain to either buyer or seller. Keep in mind that this private placement was very small as a percentage of the total shares outstanding.