Why do you trust ERHE management to abide by their fiduciary responsibilities to the company and shareholders? Why do you have faith that management can do right by the shareholders?
What is to stop Offor and his motley crew from skimming the cream off this deal? I’d wager that the odds of side deals and asset skimming are vastly greater than offshore Canadian phone Hacking naked shorts holding massive positions in an about to be revoked grey market stock trading in the hundredths of a cent.
Has the company filed updated financials ? Nope.
Has the company officially updated shareholders on the status of the ‘asset’? No
Has the company been able to keep the phone lines up without interruption? No
Did the SEC revocation response letter have a company address and phone number? Oops big no on that one
Has the company been arrears with the IRS because of questionable accounting? Yes
Did the company not make timely filings to the Colorado SOS? Yes
Were company officers unwilling state under oath in depositions whether or not the ‘asset’ was encumbered or sold? Big Yes.
IMHO There is no reason to believe that the current management has the ability to follow through and protect the shareholders.
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