Replies to post #310512 on ERHC Energy Inc (ERHE)

[ssc]

Isn't it interesting that SO and PN are buying but the other insiders, the directors, haven't bought recently and own a combined total of less than $5,000 worth of ERHC stock? They all know the inside info. Could it have something to do with the fact that SO and PN are deeply involved and invested in the Canadian shell company and know that regardless of how much ERHC value they destroy they will get it back as the assets move to ngar? Unfortunately, the rest of the shareholders might not fare as well.

[midtieroil]

Because they are the worst managers of money and investments of any CEO and CFO of any publicly traded company I have ever seen in my life. From blowing through cash to awful JV partner deals to losing 5 million to Stanford, to blowing the rights offering, to failure to cut expenses, to a terrible investment in Exile and finishing all that off with the calamitous convertible debentures.

And after all that why would anyone in their right mind believe ERHC management knows anything? Very likeky just another terrible financial decision by a pair that has made way too many terrible decisions way too often.