If Ntephe is holding the share price down to facilitate a deal for Offor he needs to go to jail. Even I don't think he is stupid enough to take that risk... and I think he's pretty stupid.
Ntephe *is* intentionally keeping the share price low, the shelf registration and his willingness to place shares at these embarrassing prices is all the proof needed. But why? I have trouble believing he's so crooked that he would use his position to harm thousands of shareholders to benefit Offor. That's jail material.
Maybe the SEC attention will encourage Ntephe to start acting in shareholders best interest... all shareholders, not just Offor. Random shareholder meetings, no shareholder Q&A's, and zero accountability for their continuing failures. It's time for ERHC to act like a real company.
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