Replies to post #289118 on ERHC Energy Inc (ERHE)

[BuffaloTrader]

The Bloomberg report says the payments to the executives were not made by the company, which then suggests perhaps the payments came from suppliers as kick-backs. As long as there is no suggestions of a violations of FCPA (or UK equivalent), I can't see why this impacts the stock price. Seems to me like a good opportunity for a quick 50%+ gain on the rebound. All IMO

Here's what Bloomberg is reporting:

http://www.bloomberg.com/news/2014-07-31/afren-suspends-ceo-coo-after-investigation-into-payments.html?cmpid=yhoo

[jsc52033]

Dosn't say they have changed their business plans. Seems more risk is in Iraq. Will be intersting to see if they contract any rigs (do they own their own?)