Thursday, March 05, 2015 2:17:53 PM
That is about the most ridiculous post you have come up with yet. It amazes me to the lengths you will go just to find a way of looking at anything in a negative light. There is plenty to be upset with regarding ERHE. They are not perfect and the current stock price sucks but you are reaching on this one.
Let me give you a different perspective. First, as I mentioned before, if Chrome/Offor wanted more control over ERHE or try to take advantage of the minority shareholders, they would simply pour a lot more cash in now with the same deal the other debt holders got. They would get way more shares that way and it would all be legal and quick.
Second, if they went into bankruptcy I can almost guarantee you that there are clauses in the Kenya deal that turns the property over to CEPSA (since they are the operator) if EHRE is unable to pay their share when it hits. Bankruptcy would likely trigger many unwanted clauses that probably extend beyond just the Kenya property.
Third, there was no “going concern” in the most recent reported financials which likely buys more than a years’ worth of time by any reasonable analysis.
Bankruptcy would lose all credibility for ERHE to do any business with foreign governments in the future so they would be flushing any future worth out of Chad, EEZ and JDZ away without any value.
There is way too much flawed logic in your argument.
Try thinking happy thoughts for a change.
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