Replies to post #237776 on ERHC Energy Inc (ERHE)

[Pepsiman2001]

Wonderful post. You would never know it from reading this message board, but you have expressed in words how many of us non vocal shareholders feel. Thanks.

[TOB]

Excellent post. I agree with the statement by Pepsiman2001 that you likely represent the less vocal majority here.

[kobiashi2000]

Great post! Thanks for conveying into words what so many of us believe.

[Krombacher]

A reasoned analysis, except for one thing. SEO is human and therefore can make mistakes.

The question is that while the minority shareholders do not have SEO's perspective and are in the dark on many things, does that still mean that the outside observers (we) cannot detect SEO's mistakes?

I am not saying that the minority shareholders are not capable of mistakes either. Neither SEO nor the minority shareholders are "God".

But I think that we can detect a mistake, some mistake, and as tryoty does point it out, hold whoever is accountable, and hope to rectify that mistake.

While you might argue or debate that PN's CEO appointment was or was not a mistake. You might argue or debate that DK's dance with t-gas was or was not a mistake. You might argue or debate that the shelf was a mistake. And on and on and on. But those things are indeed debatable.

But where you can't argue or debate is in the area that Tryoty is so upset about. Namely: PN led some shareholders on by putting on a story, a story of growth, a story of accomplishment, and still does so to this day in PN interviews. Wasn't that a mistake? And can Tryoty call PN/SEO out on that mistake?

If you tell me that it was an orchestrated lie just to placate shareholders while we endure the wait and therefore justified, I would say no. Because at the end of the day it creates distrust, it ensures that the midtiers of the world take action as he has and so it was a mistake.

For example even if you ask amj, she'll tell you that she believes PN has the NSAI analysis just sitting on his desk somewhere and should just release it. But if you read the latest ERHC.com FAQ update, the NSAI is still not complete and far from being on PN's desk. (Ironically, amj advocates getting all of your news from erhc.com).

If ERHC.com is the official truth, why do we distrust it? Because there was a mistake. And with the mistake, there needs to be ownership followed by making amends.

Krombacher - the above is all my opinion.

[daylatedolarshort]

petemantx - Excellent post, very well said, and I also agree with Pepsiman2001's ..." you have expressed in words how many of us non vocal shareholders feel."
Thanks!

[midtieroil]

If what you are saying is true then ERHE is in deep trouble. The Board of Directors and Management of a company are the ones that should be running the company. If they are taking orders directly from SEO it is illegal. SEO was forced out of a management role for a reason. The only power SEO should have is that of a shareholder. I like to at least hope a little that this company follows some of the basic rules of corporate governance. You are saying they don't. I think you just made a stronger argument of what is wrong with this company than Troy ever did. If what you are saying is true then the company is in violation of virtually every single rule of corporate governance, is probably violating insider info rules and is probably violating many US laws. It that what you believe?

As far as Dan Keeney goes, he is doing his job as the company instructs him to do. They pay his bills. Having said that, I wouldn't work as a PR guy for this company. He has been in this business long enough to know that the way this company treats its shareholders, fails to disseminate accurate and timely info to its shareholders and the way they obfuscate information is disgraceful. It would have caused me to quit this gig a long time ago. Of course, I have some pride in my name and reputation which I value more highly than any fees I may receive.

[tryoty]

Pete,

"I still believe we are involved with a project much bigger than any here have been invested in before and that it is taking a lot of time to line things up"

Even a HINT from management that this is the case would eliminate 90% of the problem. Peter Ntephe is TOTALLY incompetent in the position he holds. His lawyer education PREVENTS him from being a good CEO.

"I think EO knows exactly what is going on with ERHC"

That would be illegal. Keeping one shareholder informed goes against everything the Securities Act of 1934 was written to prevent.

"I also believe DK does a pretty good job and is severely controlled on what he can divulge, thus making him out the bad guy when he is simply the mouthpiece. Don't shoot the messenger."

Keeney has the option of saying "I can't tell you that", but he chooses to talk in deceptive riddles instead, toying with investors for his sick enjoyment. Just reread his exchanges with Julius Erving. There are dozens of ways to communicate without violating any agreements. Keeney lacks the professionalism to accomplish that. He plays games with people that have their hard earned money at risk instead of communicating with shareholders.

"but IMO our final outcome is going to be positive"

I agree, but I also strongly believe that a management team capable of communicating that message needs to replace these incompetent bozo's.

"I hope you are able to keep your shares and enjoy the rewards in the not too distant future. Best to you and yours."

Thank you. It would be easier if the management supposedly working FOR us wasn't trying so hard to DISCOURAGE share ownership. Sometimes it looks like they can't even PRETEND they want the company to succeed. That is not the message management should convey in ANY company.

[lovemelongtime]

Couldn't agree more, great post!!!