Replies to post #326912 on ERHC Energy Inc (ERHE)

[Krombacher]

You speak about erhc's financial state as though you know what it is? I don't know what is.

All I know is that if we extrapolated the numbers from the financial statements then they should be out of business given those trends.

Not to mention the ominous "going concern" clause which is only written when auditors substantially believe that the firm won't be a going concern in the next 12 months and end up bankrupt instead.

And here we are YEARS later and erhc is still a going concern... with rent, employees, etc.

So how can anyone not surmise that erhc received some cash somewhere (most likely Offor, and if not Offor, then who? )

Even though such a cash infusion has not been publicly reported anywhere... but what else can one deduce?

If erhc had some cash to operate then why is it using it for operations when it's supposed to pay off clamoring creditors, like.

I think the next conclusion is that erhc in one form or another has somehow vaporized the debt. If it hadn't, creditors would take whatever was left for themselves.