Replies to post #304149 on ERHC Energy Inc (ERHE)

[aggietrader12]

Hmm. Seems strange to me that the SEC doesn't have some algorithm to scan stocks and their O/S in comparison to shareholders within a certain standard deviation of the 5% to determine who is in our out at any given moment as opposed to someone having to find out for themselves. I mean, if the SEC knows that the share count was 2.6 billion at the time of his purchase I would have assumed they would reject his 13G on the basis of him not being a 5% owner. Seems archaic if he were to have followed your suggestion of checking Ihub as a legitimate source to file an official SEC document. I guess the SEC just isn't that advanced yet..