However, the 8k never broke down the percentages that each party in the consortium received. If the 8k had, then ERHC probably would have had to disclose to us that for example ERHC originally had 20% but now only has 15% after giving a portion of their percentages to Godsonic. The vagueness of the 8k was deliberate and good lawyering to allow for plenty of legal wiggle room. If ERHC did not give away any of the percentages awarded to the Company to Godsonic then ERHC would not have to disclose that as a material event, only NBL would have had to and who knows, I profess to not being an expert on securities law, so I can't even opine that NBL should have disclosed, considering their inhouse legal team probably has a securities lawyer onstaff I would believe that NBL was in compliance. I would suggest reading the sec regulations regarding disclosure of material events before we begin pointing the finger at ERHC for keeping us in the dark.
Secondly, I disagree with your comment regarding a company that wants to grow would inform its shareholders that it received big dollars going forward. First, because I've already felt that ERHC has informed us of the big bucks going forward in their original sec filing and pr, and its not necessary for additional pr because its not the common practice for publicly reporting companies to pr receiving a wire for an asset sold.
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