Denial works in fascinating ways. Here are a few made crystal clear recently:
Even though erhc has been run for more than 2 years without providing any transparency into financials, share structure or share ownership, some still claim to know how many shares are owned and who owns them.
As frequently stated by longs, Offor calls the shots and has always called the shots. Public records show that his percentage ownership has ranged from more than 50% all the way down to single digit percentages over the years, yet he was able to call the shots. So much for any actions that prove he now owns 50% or more of the shares.
Continued claims that no one is selling in the triple zeros are simply illogical considering that hundreds of millions of shares have been sold while the price remains below 1/10 of a penny.
In the realm of faulty logic, how can owning huge positions in a grey market, triple zero, facing revocation, non-reporting company add to anyone's credibility? That makes as much sense as claims that a private erhc would provide more transparency, that shareholders don't care what the stock price is, that it is comforting to be unable to communicate via phone, or that 1.5 billion shares are short at $.0003 or lower in secret foreign accounts.
Clearly Offor is having the final say on everything erhc regardless of how many shares he owns and outside shareholders have no say about it, don't know how many shares he owns, and have no idea what transactions have taken place over the last 2 years. And they continue in the dark going forward.
One thing is certain: Offor will take care of himself. Regarding outsider shareholders who have seen their investments vaporized 2 times, good luck.
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