Has nothing to do with $ERFB. CEO Barnett is canceling shares that were illegally obtained through the former management and Toxic lenders.
Please don't spread misleading information on the board.
From PR
"Millions of shares were issued by past management, and its agents in concert with various Convertible Debenture Note Lenders without the necessary legal approval of the majority of the Class “A” Preferred Shareholders"
That's for BK dude. 100% not what's going on here. They're not cancelling shares because no equity exists, they're cancelling 'some' shares to maximize current shareholder value. Your shares aren't going anywhere...but up in value lol. Don't fall for these ridiculous posts folks!