Replies to post #320165 on ERHC Energy Inc (ERHE)

[emdyal]

Excellent point-

technically every one of those short term flippers could have some obligation to report their ownership as it crosses the 4% ownership threshold based on the most recent post RS capital structure

And whatever Ntephe is up too on a daily basis would have to be classified as "material events" since it is clearly reflected in the collapse of the share price into triple zeroes . 15% of a billion shares traded yesterday way surpasses alarming and pathetic !

Peter Ntephe is currently way over qualified to be locked up and the key thrown away !

[midtieroil]

As an auditor I would not touch this company with a 10 foot pole whether they could pay or not. Way too much risk. And if I had to do it for whatever reason ERHC would be disclosing everything. And I do mean everything or they would not get an audit opinion from me.

It will be interesting to see how the new accountants treat this situation. It is hard to believe they can do a full audit in the 3 weeks until the 10K is due on or before December 29th. I wouldn't be surprised to see an extension. I hope they get tough on ERHC. The old accountants did not.

As far as the 5% filing rule goes it has been completely ignored by Chrome for years and SO and PN were often late in filing. Did anything happen to them? Besides I am not sure anyone is in violation given the real number of shares now outstanding.