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emdyal

11/20/14 1:36 PM

#293185 RE: Krombacher #293182

Allow me to remind you that if it weren't for Ntephe's "lavish" spending on conferences, we would have NO KENYA.


Do you have a link for that ?

Its been said (for whatever that's worth) that Chad and Kenya were acquired from Offor's influence !!!

It also can be said that without the lavish spending there would be much of the $50 million still in the ERHC coffers and that we would not be into toxic financing and a 2 cent share price !

DegenerateGambler

11/20/14 5:04 PM

#293198 RE: Krombacher #293182

Krom, maybe in the past ERHC could afford Peter's salary and conferences, but that was yesterday. I agree Peter produced and the conferences paid off with Kenya and Chad. But now that ERHC has these assets, it needs money to develop THOSE assets and no longer needs to search for additional assets since ERHC currently does not have the funds to support Kenya and Chad without borrowing money at a very expensive cost to the company and the shareholders. Why go to a conference looking for more opportunities when you can not afford the opportunities you presently have? To me, it makes absolutely NO SENSE to attend any more conferences until ERHC can afford it. PRESENTLY ERHC CAN NOT AFFORD TO GO TO ANY CONFERENCES and must stop attending them until their financial situation changes. I cannot believe anybody would believe ERHC should be spending money they do not have to attend conferences. Every shareholder should be writing the company requesting ERHC not to attend any conferences for the time being and cancel the one presently scheduled.