ERHC Energy Inc (ERHE)

[majicathome]

My take on what the recent developments have meant.

When ERHC took up the megaphone with the shareholders and now the Investment community says ERHC lawyers have given the go ahead to ignore the investigations. ERHC and Addax have worked out that ERHC needs to move to the $4-$6 range over the next 12-18 months in order to make a palatable buyout to the Addax shareholders. The next step being the plans that Gandur has to be bought out 2 years from now. So I see Addax ending up with 'Subsidiaries' on the AIM and NASDAQ along with themselves on the Toronto exchange.
Looking forward to collecting dividends from XOM/CVX stock just over 2 years from now at an unbelievable multiple of what the pps is currently.

Long and dreaming fondly of the ERHC path being taken.