Replies to post #304151 on ERHC Energy Inc (ERHE)

[ssc]

Most companies are much more transparent and disclose new issuances as they occur. The problem here is caused because ERHC has gagged the t/a, does not disclose new convertibles at the time they are issued or at the time they are converted. They have also issued notes with immediate conversion rights which shareholders have no way of tracking. In this toxic debt, gagged t/a, lack of transparency type of penny stock situation, the only thing to go on is the number disclosed in the most recent filings. The exception would be the toxic note holders, since it appears the t/a is still authorized to release o/s numbers to them.

[wbyrne]

The government can't even check themselves enough to stop sending social security checks to people that have been dead for 20 years or show to be 120+ years old.

Let's just assume they, including the SEC, for the most part, are asleep at the wheel.

[iwondertoo]

Well, legally, I know people are required to file if they exceed the 5% threshold, but, is there a law that they CANNOT file if they DON'T exceed that threshold? I've never heard of such, but, I haven't spent a great deal of time studying things that I don't really care about(and I'd probably do my best to NOT file). LOL

I would imagine that they will accept whatever filings people want to file, (is there a fee corresponding to filing?) I'm not even sure how often they come down on someone who SHOULD have filed and didn't................

I find it strange that there is a person who is so very eager TO file. It is peculiar.