Replies to post #45334 on ERHC Energy Inc (ERHE)

[Lickety Split]

Too much "plausible deniability" going on with
riddles, birdies, speculations, extrapolations, and plain old
"what if's" all of which seem to take on a life of their own.

Sorry, but my doubt-o-meter is pegged out at this point. There is clearly something going on to be sure. What that might be is anyone's guess. My "theory" is that riddlers come by to keep the interest high in the minnow, and the price fairly stable - while the man behin the curtain is in negotiations.

I for one am disappointed that our largest partner in BL 2 is not more visable in this arena with his counterparts.

Like wise our operator partners in Blocks 3 and 4 are also very quiet. Sure these are all large companies with billions in proven reserves but where are they now?

None of this is negative, except for the small spec shareholder like us who are sitting on our thumbs hoping for the best but letting our imaginations get away from us with the help of the riddler, the birdie and our own dreams.

Strass

[Stay the Course]

Balance builder: My impression from a little discreet DD with these ex partners prior to adding ERHE to my holdings is that the dealing with local indies, there for a fast buck, who cannot continue beyond the initial bid round was a strong negative from ongoing future aggravation and economic viewpoints of US partners and that the FCPA side had much less to do with it.


Stay the Course

[maestro224]

I believe you are right.

In some countries it is legal to bribe foreign officals to obtain contracts. It is illegal in the US. I worked on several international projects where we partnered with foreign companies to do projects in a 3rd world country. Although no one EVER spoke about it, it was understood that our partners would take care of the "dirty work" and we would never know about it. I believe this falls under the Foreign Corrupt Practices Act.