Replies to post #225023 on ERHC Energy Inc (ERHE)

[Krombacher]

ND9,

According to the filings, the bank is not SEO and management and the board only hold about 1%.

Now there is something else though. According to the filing,

http://www.sec.gov/Archives/edgar/data/799235/000114036110040478/form424b5.htm

12,423,244 shares of our common stock available for future issuance under our 2004 Compensatory Stock Option Plan (the “2004 Plan”)

So another 12 million shares would be printed to reward our management, it would appear.

Krombacher