So if offor and friends want to deal with a major oil company like Total, you say they better not "act as cowboys", by which I believe you are referring to how they might screw public shareholders if erhc was taken private.
But even as you write this, they are acting like cowboys. They stopped reporting financials over 2 years ago. They don't report anything in any way to shareholders. They don't even have a telephone and don't reply to emails. This is not due to a gag order. No one has any idea of the current share structure, no disclosure by offor and friends of how much of the company they own. No gag order would stop that. Estimates by experts here put offor's stake at 100% of the company yet offor is cowboying it by not complying with SEC reporting regulations? Would oil major Total actually want to get in bed with a regulatory mess like that?
Can't have it both ways. If anyone believes offor owns the controlling interest of the company and doesn't comply with SEC regulations, then there is no reason he wouldn't become an even bigger cowboy as head of a private company. Praying revocation doesn't happen should be erhe shareholders (those not in offor's circle) top priority.
Personally, I don't think Offor is violating any SEC regulations. The size of his holdings is just another fabricated leg of the extremely shaky multi-billion-shares-short stool.
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