Replies to post #333230 on ERHC Energy Inc (ERHE)

[Krombacher]

There are a couple of issues that need to be sorted out:

1) to be effective, we would also have to convince Offor and friends to do this too, probably.

2) I think by law (or most brokers' policy), penny stocks cannot be transferred from one broker to another, although they can be transferred internally from one account at the broker to another at the same broker.

So what happens when you pull your certs and then trading miraculously resumes due to no revocation occurring and then the broker won't take back your certs?

3) when we go private the form and look of the certs might change. I believe this occurs at the transfer agent who has record of who has certs.

4) I called my broker and he told me my certs are in my name not street name.

5) I don't know how much of this process is real vs. mythology

Krombacher

[Krombacher]

On the other hand, putting in a sell order limited at 8 dollars with a good until cancelled or good for 60 days is easy enough. Then wait about 4 days for margin calls to become effective.

Maybe. What do others say about such a plan?

Krombacher