Replies to post #343648 on ERHC Energy Inc (ERHE)

[ssc]

Interesting to see claims of 3 or more people owning more than 5% of erhe shares when official SEC records show only 1 person with 5% or more.

Section 13(d) of the 1934 Act and Regulation 13D thereunder require beneficial owners of more than 5% of a class of equity securities of a publicly traded company to file a report with the SEC. Schedule 13D must be filed within 10 days. Schedule 13D must be amended promptly to reflect any material changes in the information provided. “Promptly” is not defined in the 1934 Act but is generally interpreted to mean less than two business days.

“Passive Investors.” Investors who do not hold the registered equity securities for the purpose of influencing or changing control of the issuer are eligible to file Schedule 13G so long as their shareholding does not exceed 20% of the relevant share class. Passive investors must file their initial Schedule 13G within 10 days of crossing the 5% threshold.

https://www.investmentfundlawblog.com/resources/investments-by-funds/acquiring-5-publicly-traded-company/

[oldoil]

And Not to mention that ERHC has many more shareholders...We've seen 2 numbers this

past few years...700-2400 shareholders...If

someone has the latest correct number, please post..

GO_____ERHC_____;-)