The worst part of all this? A group of shareholders owning more than 1/2 of all the erhe shares is sitting around in a chat room led by 2 people who own more than 600 million shares between them and are feeding them lies about dollars/share and $8/share short squeezes and huge deals. This makes them all feel good so instead of using their controlling interest and holding erhc management's feet to the fire after 7 years of no financials, no updates, no share value, they sit quietly by. I'll bet even ntephe and offor are amazed they are getting away with their silent operations so easily and for so long.
7 years and those who own the majority of erhe shares are clueless about any revenues that have flowed in or out during that long period of silence, what assets erhc has disposed of or still owns, how much directors and management have been compensated over all these years. No public company should be allowed to operate like this. Anyone still buying the dickran omnipotent gag order bullshit needs a serious wake up call. At least, at the very least, shareholders should be calling erhc and demanding a formal statement from the company stating the reason why it does not comply with SEC regulations, and demanding erhc to get current with the SEC, get back on the pink sheets, and get off the Caveat Emptor list. And if erhc management is unwilling to address these issues, then it's time for the group that owns more than 1/2 the shares to take steps to force an annual meeting and force management and the board to honor their fiduciary responsibilities to their shareholders.
Why can't erhc management issue a statement that says the gag order is preventing them from complying with SEC regulations, has forced erhe shares to trade on the Expert Market and be included on the Caveat Emptor list, and is responsible for erhe shares being valued near zero for the last seven years? Why won't erhc management clear the confusion that surrounds EEZ block 4 rights?
Anyone who takes an honest and objective look at what has transpired over the last 7 years already knows why, if left unchallenged, the silence is likely to continue. And guess what? It's not because a dollars/share buyout is about to be announced "any day now", and it's not because erhc is going to pay you a dividend, and it's not because a sketch of a head is going to result in an $8.share epic short squeeze, and it's not because the gag order won't allow them to even say there is a gag order - even dickran, unwittingly, provided links to people suing to have their gag orders lifted or declared unconstitutional.
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