ERHC Energy Inc (CE) (ERHE) News

SPOT ON PROFILE OF ERHE’S CHIEF SHORTER!!!!

Pathological liars usually deny they are lying. Seems to fit you perfectly. Have you found anything real to support your claims about short selling? A new sketch won't cut it. Maybe have a quick conversation with "the other dickran"? lmao. Bottom line is I have been right about the price of erhe shares ever since they traded at split adjusted $70/share and you have been wrong and making embarrassing, deceitful excuses for all your wrongness all the way down to $.0001 - those are the facts and they are indisputable.

By the way, I am still waiting for you or your mindless minion to provide some links to the posts where I "lied about erhc going bankrupt over and over for years". Of course you can't because this is just another thing you lied about. Here's one example from a post I made after the reverse split where I mentioned erhc going bankrupt. Is this what you consider lying:

The most likely scenarios, again imo, are ERHC going into bankruptcy or cranking up the toxic debt machine again.

As it turned out, and in spite of your claims to the contrary, erhc did crank up the toxic debt machine again and issued close to another 3 billion shares. My statement was absolutely true and correct. Looks like you and your mindless minion just can't handle the truth.

I think you should keep arguing with me because it really helps your cause a lot. NOT! Calling me a liar when I'm not continues to motivate me as well in organizing almost all the shareholders in a group of 70 and lots of other activities that helps your cause. NOT!

In the end, understand that at your age, reinventing yourself to provide wealth and income for yourself will be extremely challenging given your nasty people skills and sociopathic personality.

What are you going to do when you lose it all in this short position that you have in ERHC?

Step 1 for you is to learn how to treat other humans respectfully. They are not your prey that you can take advantage of with propaganda and misinformation. Your career on message boards and as a short seller who denied being a short seller (talk about lacking courage to tell the truth) will soon be over permanently.

Maybe go to university in America where you might get your student loans forgiven. But before you learn a new trade correct your wicked character.

Krombacher

The difference between you and me is crystal clear. For example, I said I thought there would be another reverse split years ago. I was wrong about that and I freely admit it. I don't continue to claim I was right, I don't draw a sketch representing a reverse split and claim it really happened, I don't say it hasn't happened yet because erhc operates on "African time", I don't claim a gag order is preventing erhc from disclosing a reverse split took place, I don't say someone at a women's oil conference told me the reverse split actually happened.

You on the other hand make one lie after another and then lie about having made those lies. Cease and desist order, libel suit, fake SPV, signed contracts not to sell, African Queen buyer, Offor owning all the erhe shares, more than a billion erhe shares held in short positions, etc., etc. On top of that, you have been saying erhe would be worth dollars/share for a decade and you simply don't have the character and courage to admit you were wrong.

By the way, I am still waiting for you or your mindless minion to provide some links to the posts where I "lied about erhc going bankrupt over and over for years". Of course you can't because this is just another thing you lied about. Here's one example from a post I made after the reverse split where I mentioned erhc going bankrupt. Is this what you consider lying:
The most likely scenarios, again imo, are ERHC going into bankruptcy or cranking up the toxic debt machine again.
As it turned out, and in spite of your claims to the contrary, erhc did crank up the toxic debt machine again and issued close to another 3 billion shares. My statement was absolutely true and correct. Looks like you and your mindless minion don't know the meaning of a lie.

We have certain posters that are holding their breath , sorry posters you can drown and deserve to

jmho

I didn't say the convertible debt had expiration dates, I said they had maturity dates, although I can see why you might be confused.

The maturity dates are known from the financials and have long since matured for several years now. There is no new convertible debt since the last financials because they would have to do a reverse split first in order to issue new debt and they haven't done that.

You're also wrong about the "annual" shareholders meeting. A careful reading of the bylaws and articles stated that an "annual" Shareholders meeting is only held if it is called, but there's no obligatory language requiring the company to call one. So the "annual" Shareholders meeting is not really annual but only initiated if called.

So all is in order. Besides, you can't call a shareholders meeting under a gag order anyway.

Krombacher

I never said the covid PPP was an ongoing revenue stream, but they had to demonstrate revenue for two years running in order to get PPP funds two years in a row. To get the amount they got, I estimate that they had to prove they had annual revenues of $1.6 million for each of the two years. I also speculate that if they made $1.6 m in each of the two years to qualify for the PPP covid funds, then it's very likely they've been making this revenue in non covid years as well.

You don't seem to know how to read your own quote.

The quote doesn't say "if ERHC actually finds a partner, working capital will be needed"

It says, "Erhc's ability to exploit existing and prospective opportunities will depend on its ability to raise the requisite financing to meet its working capital needs" which it can only do by finding a partner.


I don't lie, you just don't understand what constitutes a lie because you yourself lie so much. For example, you claimed Offor is not a billionaire and you claimed there would be a second reverse split. None of this was true.

Krombacher

Nope you sure arent pretending. LOL

You keep referencing no existent shorts which renders the rest of your post moot---IOW its bullshit.

This a non starter. None of this is going on.

Instead of the twisting, squirming dickran double talk, I prefer facts. Like this one from a recent erhc 8-K:
ERHC’s ability to exploit existing and prospective opportunities will depend on its ability to raise the requisite financing to meet its working capital needs.
See how it works in the real world? If erhc actually finds a partner, working capital will be needed. Not your asinine Covid PPP money that you misrepresent as an ongoing revenue stream.

Regarding dickran consistency? What is it now - dollars/share buyout done deal? African Queen driven epic short squeeze? Shell bidding war? erhc dividends? You seem to rotate thru them while managing to come up with a new narrative every few weeks.

Regarding you being a liar? That is an indisputable fact. Choose from the menu: Cease and desist order; libel suit; erhc existing in new paradigm where SEC rules don't apply; SPV with signed contracts by 70 shareholders promising not to sell erhe for less than $1/share - or cite the thousands of lies about short positions that don't exist.

Yes, you've been warning about erhe going to dollars for a decade or more and here it sits near zero. And all you've got is a sketch of a head and your demented, greed and hubris filled delusions of becoming a billionaire from $.0001 erhe. Pathetic.

wwow you are doing great , guess you can not do math


jmho

What's the price again?

Monster trade for ERHE

1608 shares , price .0001
.1608 cents

stupid

jmho

And, for one who thinks that expiration dates matter, which we don't know what the dates are for the debt.....or if they exist. We know that an expiration date exists and is shortly upcoming for any rights ERHC may still have, despite not paying any amounts due for a very long time.

Everything they are NOT doing requires a change to their articles and bylaws, they haven't reported or had meetings anyway. Obviously, they are very concerned with scrupulosity, NOT.....

SSC,

you said, "erhc doesn't need funding because they can't find anyone"

How does that work? The opposite is true, if ERHC doesn't find anyone, then they would need funding because finding someone brings them funding.

You think I've been changing my story? Really? I think I've been fairly consistent and I've posted all the things you've been wrong about including Offor not being a billionaire, there being another reverse split, and the list is long.

Be that as it may, this is not a contest about who can be consistent or who can print shorted shares to keep the price down...

... this will ultimately be about the fundamental value of ERHC's blocks.

And when it ends, we will know who wins. But it hasn't ended just yet. I know you desperately want to call it, but you can't because it ain't over. But soon it will be. And most longs will wait for it. That's why shorts can't cover as much as they're desperate to do so. If the outcome is as I believe, shorts will suffer, as they deserve to. It is what it is.

Shorts had ample warnings since Day One. But instead of believing in what I had to say, they chose to call me a liar falsely.

They will pay dearly for that mistake.

Krombacher

Wake up einstein. erhc hasn't needed funding because they can't find anyone who wants to partner with them. So back you go to the same old bullshit about the gag order and Offor and management owning all the shares, of course still unable to offer any proof to support those asinine claims.

You and I have completely opposite views on almost all erhc issues. All I can say is mine are backed up with facts while yours are nothing more than an ever changing bullish narrative with baseless claims that change every few weeks. The list of all your crap has been cited numerous times and none of them have ever come true. The other glaring difference between us is that my bearish view of erhc has never changed all the way back to the dry holes in the JDZ when erhe was priced at split-adjusted $70/share. In 2016, after the reverse split I said the company would either go bankrupt or the share price would spiral back down to sub-penny where it was before the reverse split. All the while you have been spinning one dollars/share tale after another. I have always been right and you have always been wrong and erhe sits near zero for over 6 years. We are indeed as different as right (me) and wrong (you), and I don't have to lie about a thing while you...lmao.

I'm still waiting for my $8/share on 60,000 shares. It has been posted that this will happen soon....but no one can define 'soon'. So I guess I'll just keep waiting.

Problem is that there are also those that claim that climate change will end all life on earth 'soon'. I can't keep track of that either. Hopefully I will get rich with ERHC stock before it happens.

I think they predict climate change out further so that no one will remember that they were wrong. And I can't understand why those that promote the idea of climate change devastation still fly around in their private jets. Wouldn't that make the end come sooner? All because of these fossil fuels that we hope will make us rich. Oh well.

Too much to worry about. So does anyone know when 'soon' is? Trying to figure out if I will get rich first....or die first???

Badog

You said that if the need for additional capital arises, then a reverse split and convertible debt is back into play.

But we haven't had one in nearly a decade. So by inference, you must be saying that ERHC does not have a need for additional capital all these years... probably because their PPP application implies they had $1.6 million in revenue annually, since they got the PPP funds twice and to get them they must show revenue. I'm guessing the Starcrest merger went through and that's where the revenue comes from. Starcrest is also partly owned by Offor. And they had an MOA with starcrest just prior to the gag order going into effect.


If Offor owns the vast majority of voting shares then why would he bother taking the company private? To save on SEC filing fees? They already save that thanks to the gag order.

I guess I'm not following your logic as to why Offor would bother going private. What would be the advantage of that? And management likely owns significant shares. If Offor could buy shares behind a gag order, then so too can management.

Krombacher

You just can't manage to crawl out of your self-created cesspool of falsehoods about short sellers, Offor share ownership, gag orders, done deals and dividends. You are unable to provide any proof to support any of it. If Offor owns all the voting shares as you so ridiculously contend, why not take the company private? The shares are virtually untradeable, the price is near zero, and there are no more shares available for capital raising.

erhc will never pay a dividend because management and insiders own very few shares as documented by SEC records. This is why if the need for additional capital arises, a reverse split and subsequent debt offerings and/or dilution will be back in play. Likewise, erhc has no interest in doing anything to add to the value of its common shares as evidenced by management's actions and the stock's performance over the last 6 years.

The entire dickran demented, delusional, deceitful nonsense about $8/share and dividends is built on the structurally condemned foundation of billions of erhe shares held in short positions for years and years as the price has hovered near zero. It is totally flawed and insults the intelligence of anyone who understands even a little about the stock market. Without that sketched headed, made up short selling bullshit, the facts show that dickran and his mindless minions have accumulated 2/3 or more of erhe shares while management and insiders have very little skin in the common stock game. Don't take my word for it, just look at the teal facts - the SEC records and the erhe price chart.

Let's say I hypothetically agree with you for the sake of argument (although I don't agree about raising the shares authorized because that requires a change in the articles and bylaws, and a change there is rare. Usually they would just do a reverse split to lower the shares outstanding and keep it below the shares authorized so they can then print shares if they wanted to dilute shares with convertible debt)...

... but let's say Offor could easily issue preferred shares and the like. Why would he do that when he could just issue a simple dividend. If he owns the vast majority of voting shares, then he's not really sharing the total dividend payout much.... the vast majority of the dividend payout by ERHC would go to him anyway.

Add to this fact that a dividend payout is more TAX EFFICIENT than any other form of payout, why wouldn't Offor choose the most logical path of least resistance and just give himself a dividend rather than embark on all manner of nonsense, even if that nonsense was legal?

What you're failing to grasp is that neither Erhc nor Offor has to make any dividend payment to shareholders of shorted shares. Why would Offor care? That's not his problem.

The shorts have to deliver the dividend payment to the owners of the non voting shorted shares not Offor and not ERHC. That's the short seller's problem not Offor's.

If Offor is getting nearly all of the dividend issued because he owns nearly all of the voting shares, then that's going to be far more TAX EFFICIENT than trying to pay himself a bonus or preferred dividend, etc.

He or his financial advisors would be idiots to ignore that.

And to those who think there's still convertible debt on the balance sheet, you are forgetting that convertible debt, if not converted into shares, has a maturity date. Once the debt is mature it must either be paid or it is defaulted on. After a default, the parties would have to try to collect via courts, and that hasn't happened either. After a while, the debt is simply written off by the debt collector, if it's deemed uncollectible. By now, that convertible debt has long been removed from the books and no new convertible debt can be issued without a reverse split, and no reverse split has occurred, so no new convertible debt has been issued. The debt has been vaporized.

Krombacher

If your a real billionaire they know.

Whats pathetic is people who make uninformed claims and lies and push it off as fact. Any comments on short sellers in an issue thats been in triple zeros for over 5 years is just plain ignorant.

Offor didnt make the list. If he was such a big deal he would have. Quit drinking the koolaid.

doesn't prove anything...He may have not given permission to list him

Also he may have a lot tied up in different entities ie Chrome ,and other companies, including trusts tax shelters where his wealth is known but not proven.
we KNOW he has chrome with 800 employees .Not hurting for dollars where he would steal from shareholders in ERHC as I presume you are alleging/
You Boys and maybe girls ought to go on the Shorting tour.You certainly are entertaining.But it is pathetic when I see 6 -10 posts all from shorters (maybe there are only 2-3 shorters with many monikers). still Pathetic...and telling.

Forbes doesn’t know how much money every person on the planet has…. Geeeez

https://www.forbes.com/billionaires/

Another lie from you. After the R/S he never said there was going to be another one. Thats just you making up more bullshit.

link please

So I'll take that as a yes, you believe Offor controls enough shares to do any of the things I listed and more WITHOUT even informing outside shareholders like you and your mindless minions about it until it was done, and certainly not giving any outsiders the right to vote on them. So increase in authorized shares to allow for more convertible debt, issuance of preferred shares, a reverse split to allow for fund raising, granting of options and/or preferred shares to himself and other insiders to allow recovery from any reverse split that might occur while wiping out existing shareholders again (as in you and your minions), payment of a dividend to only preferred shareholders, and any number of perfectly legal other actions that would enrich Offor and insiders while leaving current shareholders with what they have now - nothing.

Why would Offor want another reverse split? Come on, even an eggplant would understand why. ERHC does not have the funds to hold up its end of any potential deal. They even said so in an 8-K (you know, those SEC filings that are miraculously allowed by your made up gag order even though everything else, according to you who has never seen the gag order, is off limits lmao). So to raise cash if a deal ever actually materialized, more shares would be needed. Offor, who according to you now has limitless power over all things erhc, would do a reverse spit (just like before), wipe out all current shareholders (just like before), raise funds as needed, and do whatever it would take to give himself new shares to replace the ones that were reverse splitted away (just like before). He did it once (according to you) so he could certainly do it again.

And why do you continue to act like the authorized shares is some sacred number? According to your view on Offor's all-controlling position, he could increase that count at any time without needing any votes from you and your minions, without even telling you it was going to happen. This is one of the reasons erhe trades near zero and you are stuck, stuck, stuck.

My recollection of the conversion was that it was a percentage of the market price of commons. How, or if, that would transfer to preferred, I guess would be up to whoever made the claim. I am not sure that preferred shares were saleable on the market, so they would have to be exchanged to common to make any money off of, and for that they would have to authorize more shares. I can only vaguely remember the exchange rate preferred to commons, and what is in my head may pertain to a different company

As I recall, as of the last filing many years ago there were a boatload of preferred shares authorized but not yet issued. Those have the potential be used for convertible debt if there’s anyone gullible enough to buy more wallpaper.

Still waiting for a single example of another company that could not make Federal SEC filings because I’d a State Court gag order.

From an accounting perspective, you have absolutely no idea the number of shares authorized or outstanding. They haven't reported to anyone. If you own shares the only thing you know is whether they were r/s again, or not. You may not even have to report your ownership since you have no idea what percentage of shares you own. According to the last filing, there were not enough shares authorized to cover the convertible debt already issued, so I assume there have been more authorized, or, there is still convertible debt on the books. Maybe even Offors. He may want to be the last to convert, thereby ending up with the largest share for the smallest amount of money.....

I'm not pretending to miss the point.

It's an idiotic point.

If Offor has controlling interest as I believe, of course, he could do lots of things.

But from an accounting perspective, my point was that ERHC could not issue any convertible debt when the shares outstanding almost equals the shares authorized UNLESS they do a reverse split.

In almost a decade since the last reverse split, the company has not done one, despite that YOU falsely predicted that they would.

Why would they? Especially if Offor already took advantage of the cheap prices after the last reverse split to buy shares behind a gag order? (Which is an assumption on my part) No need to do another one. And so long as he was following a judge's order in the form of a gag, then it's legal because the gag takes primacy over the SEC, as we know by the tenth amendment of the U.S. Constitution (but I am not a lawyer)

Or how about you answer THIS question: why on earth would Offor want another reverse split to buy convertible debt if he already owns the company?

Clearly, he wouldn't and that's a way to deduce that he already does own all the shares he wants to own.. the fact that they didn't do another reverse split tells you that Offor doesn't want one or need one.

More in line with what Offor would want as a shareholder is a dividend that pays him while short sellers pay a dividend to our shorted shares ownership.

And you can't hide a reverse split. Everyone would see their share count change if they attempted one. So don't give me some nonsense about them secretly doing one.

And they can't secretly issue convertible debt when the shares outstanding equals the shares authorized, either.

Krombacher

Pretending to miss the point won't make it go away. The question is:

Does Offor own controlling interest so he can do whatever he wants with things like board members, increase to authorized shares, reverse splits, issuance of preferred stock, executing material actions without releasing them to the public, etc., or doesn't he? You have made claims both ways whenever and however it fit your new narrative of the day.

We don't need any "dudes", African Queens, or sketched head short sellers nonsense. Just an answer to the simple question: Which is it, does Offor own controlling interest or doesn't he?

Black and white, just like the question about one of your mindless minions claims that I posted lies about erhc going bankrupt 60 times, "over and over for years". Can he provide links or post numbers of just 5 examples to support his claim or was this just another lie?

Dude that's the most circular logic yet.

So let's get this straight.

Offor wants control so he

Step 1: owns a controlling interest in the company

So that step 2: he can force a reverse split so the company can issue convertible debt

So that step 3: he can use the convertible debt to own a controlling interest in the company?!?!?


Why would he do steps 2 and 3, if step 1 already gets him control of the company???

Wouldn't he be better off using his control to issue himself a dividend when the company is able?

Then, shorts would pay the same dividend on all the shorted shares as well.

Offor would kill two birds with one stone. The company would pay his dividend AND the shorts would pay our dividend.

Krombacher

Once again we see dickran tangled up in his/her own web of deceit. Not long ago he/she was claiming Offor was the new Chairman of the Board of erhc (totally without proof of course), and that somehow that meant he owned or controlled enough shares to get elected without having to contact other public shareholders or announce it. If that were true, then Offor could also get approval for a reverse split or increase to the number of authorized shares without votes from any other shareholders, particularly not from the small group of stuck investors and their supposed 2 billion erhe shares.

Now dickran says erhc can't do a reverse split or increase authorized shares to allow more convertible debt to be issued. So which is it? Offor can do anything he wants with erhc without informing other outside shareholders or he can't? As usual, dickran will try to use whatever set of made up, make believe nonsense fits his/her new narrative of the day.

The fact is no acquisition of erhe shares has been reported by Offor or erhc management since they were all wiped out by the reverse split. No gag order would order people not to follow SEC disclosure requirements designed to protect public investors. dickran/s delusional desperation again on full display as he continues to beat the dead horse gag order that somehow allows 8-K's from erhc but magically can be used as an excuse anytime facts show dickran bullish bullshit is false.

They can't issue more convertible notes because the shares outstanding is practically equal to the shares authorized.

They would have to do another reverse split. Since they never did, more shares can't be issued through convertible debt.

If Offor wanted control of ERHC, he would simply buy more shares, which I believe he did while gagged.

Krombacher

The simple answer for me about EO is that back in the day he was funding ERHC through notes, etc, then he STOPPED.

What's the old adage: Don't throw good money after bad???

Had he wanted control of ERHC he would have done it through convertible notes. He did not. End of story.

Dude, don't believe anything this guy says. Do you really think that a company in Nigeria wants you to think that you're going to make a shit ton of cash overnight? You can't verify anything they say or any of the revenue numbers they lie about on a consistent basis. Krom is more than likely working for the group of con-artists behind this thing. He always has been along with the rest of the clown squad. It's how they get people to buy up bags.

Forbes says that aint so.

Huge bullshit. There are no short sellers in a issue thats been in triple zeros for over 5 years. Shorts cover a very long time ago. Only an idiot who has never been in the market would think other wise.

The international caveat emptor tells us that block 4 is legally in ERHC's hands.

Stp tells us that Shell was invited to enter into a PSC.

Logic tells us that Shell must therefore remunerate Erhc for the block and bid more than Total.

The 400 page document says Total was assigned the block.

Lots of facts.

Krombacher

No, you measure in delusional dickran days where a day apparently equals about 20 years. Your asinine "any day now" claims really mean never but your new narrative lies just keep rolling out anyway. Meanwhile September is right around the corner and there is no sign of any type of deal - no short squeeze, no Total buyout, no Shell bidding war, no African Queen, no spv with signed contracts (biggest lie of them all), nothing but dickran and his handful of mindless minions spewing out one false rumor after another. Their desperate efforts to get 10 cents or even a penny are so transparent that they fool no one as erhe remains priced near zero as it has been for over 6 years.

Even an eggplant could round up 5 cats in less than 20 years, even using your sour milk. lmao

EO Has A lot of cars and 2.9 Billion Dollars See Comments on Chrome employs over 800 people in at least 3 countries

https://carmart.ng/motoring/about-emeka-offor/

Yah, thanks for proving that this is just another huge scam.

Nobody is buying it. You and your clown squad are the only ones buying it to try and create FOMO to get people to flood in without even reading that it's a complete pump and dump scam.

I'm not worried. I'll be happy to keep reminding you to look at the price. It isn't going anywhere and it sure as hell isn't going to $8.

4 parties in the potential agreement

1) Sao tome
2) Shell
3) Total
4) ERHC

and possibly 5) Kosmos.

That's a lot of cats to herd into an agreement. So it takes time.

But should be "any day now"

I measure days in "African days" ... they take longer than Canadian days due to their proximity to the equator

If you were in the milking business, you'd be doing just as bad as the investing business. "Buying them back later"? You've been saying that for so many years and all you have is sour milk lmao. All the way back to when it was supposed to be the Russians shorting. Such a pathetic joke.

How's that Shell bidding war coming along? lol

December 31 came and went. No one took a tax write off despite that we had 5 zeros and the write off would've been substantial. Volume was zero during the tax loss period in December.

I wonder why that is?

Because when investors bought all those shares from short sellers they knew short sellers would be buying them back for dollars later.

Milk the shorts!

Krombacher