Shameless, illogical, desperate bullshit. erhc received $100's of millions and even though it has a market cap of about $6 million did not feel the obligation to disclose such a windfall? Then it bought up properties "all across Africa" and didn't disclose those transactions either? So what is it this time - that old gag order? Or would reporting such huge developments to shareholders stuck with shares near zero for over 7 years bring out the naked short sellers again? These claims are beyond despicable.
Then it's back to the comparison to Cove Energy. To be clear, erhc is nothing like Cove Energy. Cove had a piece of one of the largest discoveries in the last 20 years when it was acquired, along with numerous other properties and partners. erhc has a largest shareholder intent on drumming up a way to unload 400 million shares.
To those who think this is unduly harsh, consider the thousands of baseless claims, false rumors and outright lies dickran has created and tried to promote for a decade or more, none of which have ever come true. And he continues this deceitful behavior almost every day. If you own shares, consider trying to contact erhc's ceo and ask why you continue to be in the dark. There are reasons his company's stock carries a skull&crossbones OTC rating, is on the Caveat Emptor list of stocks U.S. brokers won't allow their customers to buy, and is forced to trade on the dubious Expert Market.
If ntephe and erhc actually pull off something that adds value back for existing erhe shareholders, I'll line up to congratulate him. But those who have been wiped out by the dilution and reverse split, those who have sold all their shares and booked close to total losses as the years of erhc non-reporting have dragged on will probably not be in that line.
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