Some might take a different view. What you call Ntephe's toxic blunder is really the result of Offor hanging him and all shareholders out to dry when he didn't participate in the first offering at .075 and then wouldn't or couldn't provide a couple million dollars which would have provided a runway to drilling and made all the toxic dilution unnecessary. A big question has to be why is Offor willing to donate $10 million to charity but was unwilling to invest $2 million to defend ERHC's market cap and thereby his own investment? Is he that dumb or is there some kind of foul play afoot at the expense of all other longer term ERHC shareholders?
Actually the stock may NEVER recover because of what we failed to do. When a management and the BOD is out of control it is the job of the shareholders to set them straight. We have failed to do so thus far and, as far as I can tell, we will continue to do so forever. And no I didn't participate in the rights offering and I'm damn glad I didn't. In reality, very few did.
And do you not get that Offor is on board with what they are doing? You've made the argument for years that he was calling the shots. Do you really expect him to wise up now?
Count- $45 million from SNP , $2 millions from CEPSA plus X number of $millions from the loan sharks sounds like closer to $50 than 45 millions to moi that were burned through don't you think ?
News 
Market Data 
Discover 
