Replies to post #214723 on ERHC Energy Inc (ERHE)

[ponzi_implosion]

But how could that be Stockstorise?

The company noted it's AIM expenditures in the latest filings, and those amount to less than 200K.

Numerous posters have made a great many posts indicating that the 'investigation is over'.

So where could the attorney fees be going?

Perhaps the investigation is not really over at all. Here's some of what the company says about it the latest filings.

"...The Company anticipates that these investigations may be lengthy and does not know when they will conclude. If violations are found, the Company may be subject to criminal, civil and/or administrative sanctions, including substantial fines, and the resolution or disposition of these matters could have a material adverse effect on its business, prospects, operations, financial condition and cash flows.."

pg 23

http://www.sec.gov/Archives/edgar/data/799235/000114036110020166/form10-q.htm

maybe the company is racking up fees chasing Stanford's bank in attempts to re-coup the millions and millions lost there.

Regards

P

[midtieroil]

The fees paid to lawyers is especially bad since the investigations have been moribound for years and we haven't done any deals for years either. It appears their main function is find out how to legally not tell shareholders anything.