After a lot of pressure from its customers, the premium Power E*Trade site - but not the E*Trade site for normal customers - carried the Dow Jones article on ERHC this morning but did not correct two relatively minor mistakes.
The piece by Norval Scott of the Dow Jones News Service's London bureau moved again on the wires shortly after midnight at 00:51:53 with a Jan. 24 dateline and the stock opened $.045 higher in New York trading.
The news cheered investors on the Raging Bull message board. This reporter was among those wrtiting to E*Trade and threatening to move substantial accounts if the story. which was first released at 10:28am EST on Friday, Jan. 21, was not posted.
Although Dow Jones' Director of Corporate Communications Robert H. Christie has been notified of the two errors in the story - since Nov. 10, Sir Emeka Offor has controls only 36.5 percent of ERHC, not 50.3 percent as the story stated, and its rights include two full blocks of the Exclusive Ecnomic Zone of Sao Tome, not just in the five blocks on offer - it did not correct the mistakes.
The correction on the holdings of Offor would be significant because the company is a more likely take-over target if there is no shareholder controlling more than 50 percent of the stock.
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