ERHC Energy Inc (ERHE)

[midtieroil]

Shareholder's meetings are not to announce anything. They are for the purpose of legally electing board members and carrying on the business of the corporation. The director's terms have now expired and as far as I am concerned those individuals are no longer representing shareholders until they are approved and elected by a vote of the shareholders. Holding meetings whenever you feel like it is extremely unprofessional and it makes this whole organization look like a bunch of amateurs who don't give a damn about their shareholders and who have no clue of how to run a company. This company cannot even abide by its own bylaws. Annual shareholders meetings are required, not optional.

Now we have received another worthless PR telling us Phase 1 has been extended while telling us NOTHING about what this means. There are no more work requirements under Phase 1. They have all been satisfied. So does that mean SNP sits on its ass for another year? You can't tell me that the JDA did not get something in return for this extension unless they are just plain stupid. So what is it? I guess the company just forgot to tell us or they are so far out of the loop that they don't even know. How pathetic is that?