Let's use a what-if scenario. What if ERHC doesn't get a JV partner and what-if they can't raise money through the shelf offering due to lack of interest. Do you really think that allowing Offor to lend the company money via some sort of convertible debenture or preferred stock would be disallowed by the SEC?
I'm not saying this will happen because I think there is a decent chance that ERHC will find a JV partner or will get the share price up enough that using the shelf offering will be viable. But I'm certainly not going to rule out the possibility of a capital infusion by Offor or his friends either. It is certainly an option.
By the way, I think ERHE accusing people of libel or slander because they post real concerns about this company and its lack of competent management is bush league. The information coming from these boards has often been far more timely and far more accurate than what has come from the company. And a lot of things they have said have been both false and misleading. And if they want to talk about libel then I want to talk about management making false and misleading statements all the time. Very little of what they said they were going to do has actually happened. That is what has been frustrating to me. And that is what has destroyed the credibility of this company and the share price. If they want to see the real problem all they need to do is look in the mirror.
News 
Market Data 
Discover 
