Replies to post #307694 on ERHC Energy Inc (ERHE)

[oldoil]

I'm not sure you read the following post from another shareholder...if not, here it is again.

"I keep getting confused as to how a CEO of a company spends 10s of millions of company dollars, makes no revenue, gets expenses reimbursed and still gets companies and shareholders to invest in his company.

First, lets agree, the CEO does not work for the shareholders, they work for the company owners and or directors. Therefore, we as shareholders cannot replace him even if we wanted to. And since he has not been replaced by the BOD, they must be at least satisfied with the current direction of the company.

Second, while it appears that you may posses the skills needed to run a company such as this, you probably don't speak the African language as fluently as he, therefore you would probably never get the opportunity to speak to the Kenyan government about opportunities in their country.

Knowledge is power, contacts provide access, and access provides opportunity.
These companies that continue to do business with ERHC understand this. $30 million is peanuts to a billion dollar company, if that $30 million provides a seat at the table. And guess what, if you're not at the table you don't get to eat."