ERHC is compliant, the "very valuable blocks" in Chad are material to ERHC which is why ERHC disclosed the event to shareholders and filed an 8k with the SEC once it signed the material definitive agreement with Chad. As far as the details of that agreement there is no SEC rule that requires ERHC to disclose the details of that agreement unless those details are material to the company, and as I stated before that test is the subjective reasonable man test, and if those details don't jeopardize ERHC as a going concern at anytime in the foreseeable future the reasonable man is going to say its not material and there is no mandatory compulsion requiring ERHC to disclose. That said, I sure would love to see the details as well, but ERHC isn't violating any SEC regulations by not disclosing them at this time. I take Ntephe at his word, I know you don't, but he said ERHC had enough cash to handle its Chad obligations and that more information would be forthcoming. It would be career suicide for ERHC's lawyers to put a rubber stamp on filings made to the SEC in which ERHC was knowingly violating securities regulations as obvious as not disclosing the details of a material event, when a company files an 8K with the SEC, its regulators are reviewing the 8k filing, it would be quite obvious to them if ERHC didn't disclose material information, but considering its a subjective test, and ERHC disclosed the event, that's good enough for them and not a violation of the law.
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