ERHC owes the IRS $2.7 million. The IRS placed a lien on ERHCs assets because ERHC did not pay what they owe. That is a fact and is not fear mongering at all.
It is also a fact that ERHC is delinquent on its 10K filing. Nobody said anything about what the SEC is going to do about it. Their job is to protect investors by demanding full disclosure of material transactions and timely filing of financial results so investors and shareholders can make informed decisions on whether to invest or not. The size of the company is irrelevant if they are publicly traded.
Yes I want the SEC to do their job as should any intelligent investor. I know of no company ever being fined for late filing. However there are other administrative remedies. Let me know if you would like to discuss them.
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