Replies to post #210861 on ERHC Energy Inc (ERHE)

[Lickety Split]

Jim,

First of all, SEO brought SNP aboard and made the agreements that according to you we are bound by. Is that not a management decision that shareholders are forced to live with?

Secondly, regarding shareprice, why hasn't management ever put a dime of their OWN EARNINGs into the company by buying shares on the open market, like thousands of other companies? Would it be outrageous or breaking with consortium or JDA rules for them to show common shareholders that they BELIEVE in the company and the ASSETS enough to invest in them?


strass

[mz157]

.47

GO TEAM MANAGEMENT! someone who says the shareprice doesnt have some sort of correlation to management performance has a few screws loose. say hi to peter. can you ask them why none of them have ever bought shares?

[midtieroil]

The fact of the matter is the accomplishments ARE NOT there. You can not name a single one. Management was handed certain assets and they've diminished those assets not increased them. That is failure in my book. How someone was not fired over the Stanford debacle is a mystery to me. No, every company did not lose money in the financial crisis. Only the ones that didn't manage properly lost money. If someone is paying above market interest rates they have above market risk. There were red flags all around about Stanford. I wish I would have known they had money there before they lost it. I would have told them to take it out, but I doubt they would have listened. They never do.