Replies to post #69880 on ERHC Energy Inc (ERHE)

[tryoty]

baryz1, yes, the subject has been beaten to death here and the general agreement is that it is no threat.

Members of this board don't represent 2% of the shares out.

Keep in mind that the drop from nearly a buck to this level happened during a period where the volume of shares traded never exceded a few tenths of a percent of shares out.

It is my opinion that this stock is held tightly and the extreme fluctuations are due to the < 10K shares crowd freaking out or seeing the light on any given day.

If there was a serious threat to the future of ERHE do you really think Offors 300M shares wouldn't be in play? Volume would be millions per day depending on how the investigation went and his panic level. It's non-existent.

We have seen only lighter volume since the warrant was executed. Shareholders aren't selling and fence-sitters are waiting. It's pretty simple.

[Art2004]

Farview, with the firing of the Sao Tome AG by Pres Menezes, I think the chances of Sao Tome demanding any change in ERHC JDZ block rights is much reduced.

Also, with the bid rounds for the Sao Tome EEZ not expected to start now until 2009, according to quotes in the Platts article, Sao Tome would not want to delay the JDZ oil explorations in any legal disputes.

Interesting opinions on the effects of Pierara's being fired by Joe Blog in recent articles.

I feel the target of any SEC review would more likely be Offor personally and his position as Chairman of both publicly held ERHC and privately held Chrome Oil Services, rather than ERHC the company. But he would continue to hold his shares and probable influence in any event.

Any deals with ERHC in the form of buy ins etc. would probably involve companies that ERHC has already partnered with IMHO.

I'm going to be patient until at least until we are closer to drilling for oil in our blocks.

Though perhaps Offor could put together a deal re: off shore West African oil assets.