Hard to believe that....for the integrity of the exchange...they don't boot any company that is not filing 10-q's and 10-k's. I guess as long as you pay the exchange fees you can stay.
Obviously this company has just gone into hibernation in hopes that some day someone might pay them something for some asset.
No one had to buy those offerings that the company threw out there. In fact...if I recall...Offor didn't buy more. Offor will not just throw in the towel. He's just going to sit on the assets. I would probably do the same.
Some people threw a lot of money into this stock...they also may as well sit tight. Wouldn't gain much by selling. But 3 billion shares is a heavy anchor even if someone bought ERHC out of an asset. Probably won't divide out very well.
On the other hand if someone would ever give ERHC $100 million for all our assets divided by 3 billion = .033/share. And if anyone amassed 25 million shares ($7,500) at todays price x .033 = $832,500. Not likely....but you never know.
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