Homebrew, your confidence in stating that Peter Ntephe could "easily look and see 0 shorts" overlooks a critical point. As CEO of ERHC Energy, Peter has access to detailed knowledge about the company's share structure, including the exact share count. When combined with the 55% ownership by the group of 70 investors that I personally verified, it gives him the ability to mathematically determine the number of shorted shares — particularly if more than 100% of the shares are accounted for.
Your reliance on FINRA data is misguided, especially since Canadian shorted shares do not require FINRA reporting. As such, checking a FINRA database would provide an incomplete picture. The math — not the FINRA data — would reveal any discrepancies, and Peter has the qualifications to see through these misleading claims.
Moreover, it's concerning that you’ve claimed there are no shorts whatsoever, even after being corrected on FINRA's limitations. This raises red flags, much like SSC’s situation. If SSC is prosecuted and decides to cooperate for a plea bargain, other short sellers may be implicated, including those making similar misleading statements. It would be wise to exercise caution in your assertions, as the truth about the shorts will come out.
Krombacher
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