Replies to post #225835 on ERHC Energy Inc (ERHE)

[ponzi_implosion]

And this is shown where? Link(s) please.

The FAB lawsuit stated "Securities Rule Violaton" not - "Loan Default".

"... First Atlantic Bank has filed this action alleging with respect to ERHC that ERHC has violated certain federal securities rules..."

http://www.sec.gov/Archives/edgar/data/799235/000110465904024664/a04-9640_110q.htm#LegalProceedings

Page 20.

Regards
P

[seek the light]

I think there may be two different loans by Nigerian banks to Offor getting mixed together here. Tha FAB loan was to Offor, The Other involved Chrome's sub and the 110 million shares owned by the sub. These are the shares Offor is trying to get released, My Opinion.

There will not be an effort to take ERHC private. Forget about it. ERHC is still Subject to the SEC rules and REGs.

[vineseeker2]

This fits what I have seen before - Offor is dealing with the Nigerian FDIC to try and get the stock back & they are not in agreement as to how much Offor still owes, I believe Offor has filed a lawsuit or threatend to be sure the stock is not sold. With the stock price where it is the Nigerian FDIC is better off getting a settlement from Offor