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Walldog,
Why do you see this as a negative? I think these folks are getting ready to cash in on something big in the near future. I am interested in your take.
Thanks,
Tim
G-Oil-D, The 144 form is to inform the SEC of the intent to sell. It does not mean that they have already sold. Since these shares are restricted, these companies and individuals can not sell without first filing with the SEC. Look at the history of 144 forms for John Coleman. He has filed to sell the same 3.5 million shares several times in the past few years, usually around some expected material event for ERHE. It appears that he has never sold them. The fact that several of these companies have informed the SEC of their plan to sell within the next 90 days peaked my interest. It is also interesting that Joshua Silverman is in two of them. Does anyone know anything else about him?
Leo,
I think the upside of $5.00 would be due to a buyout. We are still a long ways from oil production, but I could be wrong. I thought that we would be squinting to look back on a dollar with the PSC's signed. Wish I could be more help, but if I could I would be a fortune teller. I would be in Vegas betting on the winner of the NCAA tournament. I wouldn't gamble with money I couldn't afford to lose.
John Coleman also filed to sell his 3.5 million shares again on February 1st. He has done this several times in the past, when a material event was supposed to occur. Obviously, he has not had a reason to sell yet. I hope all of these insiders are right this time.
Leo1,
If Umbra is correct about us being rich by Easter, and the block one find is huge, then I think these three companies needed to remove their shares from restriction to take advantage on the stock rise that will happen within the next 90 days. My opinion, Offor sells a substantial portion of the company after all the deals are inked and these companies are preparing to cash in.
I hope this sale is north of $5.00
Tim
So they loaded up the truck and they moved to Beverly!!!!!!
If you put Spec's info together with the Form 144 filings of
Crainshire 1,922,576 shares for sale
Vertical Ventures 113,194 shares for sale
Iriquois Capital 226,388 shares for sale
reported on the blog, something HUGE is about to happen! These insiders are getting ready to take advantage of something big.
Thanks for the explanation guys.
Go Tigers!
Can someone explain the significance of the statement that a subsidiary of ERHE entered into the PSC's with Sinopec and Addax?
Is there a reason why the blocks would be split between subsidiaries?
TIA
Tim
Oilman,
Signed PSC's are what everyone on this board has been waiting for (for years). It is a bit of a let down that validated and secured rights did not amount to much in the way of SP. What will be the next carrot dangled if the block 1 announcement doesn't help our share price?
Maybe a 600 million dollar market cap is all we can expect until we prove our own oil.
Tim
I have a midterm in three hours and now I can't concenctrate!
I sucks to be me...LOL!!!
94.5 on 6.34 million shares
.938 at 5.477 million. Real time Etrade
Thanks to all for keeping me in!
This stock sure looks like its getting ready to sell on the news. I was hoping this time would be different.
OT TS1226. How did you come by your name?
mine was selected for me by my ISP.
Tim S.
Thanks for the clarification. It is much appreciated.
Regarding the (9/10) date for blocks 3 and 4. Is this March 9th and 10th respectively or blocks could be signed on the 9th or 10th?
Sorry, I am a little slow tonight.
TIA to anyone who can answer.
Dane, Doc must be reading this board! look what he said!
The alert observer - or the smart investor - will also have noticed that poster "Meridian" on the heavily-censored "pumping-allowed-only" InvestorsHub board started propping up ERHC on your side of the pond precisely when the company needed support with negotiations on our side.
Here is a Rancho sized conspiracy for ya:
Rancho and Joe Shea, who by their own accounts have recently sold there shares, are trying to take advantage of the lull to drive the price down.
Just can't seem to get it below .80 huh guys?
"a very knowledgeable African source we call "Doc."
Who is the "we" that JS is referring to? I have been reading these boards for quite some time and have never heard of Doc before.
Anyone else besides JS and Rancho know this source?
seems funny that rancho and joe shea come out with the same story of unrest, delays and jdz dissolution at the time.
things that make you go hmmmm?
Looks like yesterday was eventful! I was on a 1300 mile drive from Detroit to Fort Meyers beach for a well needed vacation.
I was hoping to see good news this morning so that I could have two things to celebrate!
My first reaction was Holy Crap! Maybe I should reduce my holdings on Monday. After reading quite a few posts, I have now decided to turn off my computer for the rest of the week and not worry about the day-to-day happenings of big oil negotiations.
As walldog said, "the price of poker has gone up". The Sao Tomeans are not stupid. This is just political wrangling for position.
I have learned a lot about penny stocks since I bought this stock 18 months ago. If you believe, then keep your eyes on the long term goal and ignore the "white noise."
Good luck to all!
Off to the gulf to search for shells with the kids!
Prediction: 80 degrees and sunny with a chance of scattered drinking throughout the day! LOL
Are we still expecting a JDA PR?
Mongo..Your master plan does not seem to be going as well as Mr. Offors! Maybe you should take up something easier, like cat herding or rolling marbles up a hill!
Top Drive,
I couldn't agree more. It is amazing how Joe has taken an article about Obasanjo potentially re-writing the Nigerian Constitution to allow himself to run for a third term, and twisted it into a story about ERHE or even oil for that matter. This article is about preserving the tenets of democracy a free elections. Joe, I think you need to stop reading Rancho's posts! Everything is not a conspiracy, and everything is not about ERHE.
Rose Bowl Prediction.
If Michigan's not playing, then who cares!
Hail To The Victors!!!
Doug C. You are correct. I have never posted on IHUB prior to today. I am usually a lurker (unless Mongo gets my Irish up on the RB board). I would not do that on this board because I consider it to be a kinder/gentler forum.
For your info: I found out about this company through a friend two years ago who (at the time) had about 300,000 shares at under 10 cents per.
I unfortunately was not that lucky. I now hold around 55,000 shares at .69 cents per. I am not a day trader, nor a basher. I posted the articles, because I think it is a good idea to take the pink shade of my computer screen and see things from all perspectives once in a while. I must admit, some of the info in those articles was new to me.
Remember: "Don't criticize a man until you have walked a mile in his shoes." because then you will be a mile away and he won't have any shoes! LOL
Best of luck to us all!
Slainte!
Tim
Joe,
Have you ever heard of Elendureports.com?
They definitely have a political slant to their writing.
They are a for profit organization, I am just trying to determine what kind!
These last two posts do not express my opinion. I am long on ERHE (1.5 years). However, it is good to examine all points of view.
War On Corruption: Is Obasanjo For Real?
www.nigeriavillagesquare.com
Written by Sowore Omoyele and Jonathan Elendu
On Dec. 5th, 2005, the European Union (EU) denied giving Pres. Obasanjo a clean bill of health concerning his anti-corruption credentials. This has dented the saintly image the President has cultivated in the past few years.
Pres. Obasanjo
Elendureports.com can now reveal, according to documents in our possession, that on August 18, 1973, Brigadier Olusegun Obasanjo, the then Commandant of Nigerian Army Corps of Engineers, registered Obasanjo Farms, Ltd. On October 1979, Gen. Obasanjo retired from the Nigerian Army after ruling the country for three years, following the assassination of Gen. Murtala Mohammed. By 1979, Obasanjo Farms, Ltd. started commercial operations with fifty million naira (N50,000,000.00). Given the exchange rate in 1979, the Obasanjo Farms, Ltd. commenced operations with more than fifty million dollars ($50,000,000.00).
Until 1979, Olusegun Obasanjo had spent his entire professional life in the Nigerian military. The natural question is how did this man who is reputed to have been an honest soldier float a multi-million dollar company without partners? Who bankrolled Obasanjo Farms, Ltd.? What collateral was provided for loans, if financing was raised through a bank?
Under duress from the public, following allegations of corruption against Pres. Obasanjo, his spokesman, Femi Fani-Kayode, declared that Obasanjo Farms, Limited, headquartered at the Agbeloba House on Quarry Road, Ibara Abeokuta, Ogun State generates a monthly income of about thirty million Naira (N30,000,000.00)
Obasanjo Farms Ltd. is a success story. Yet, it is not an ordinary success story in the sense that it does not follow the normal patterns of rags to riches; the staple from which typical success stories are made. Elendureports.com was reliably informed that Gen. Obasanjo’s pet project as Head of State, “Operation Feed the Nation,” was set up as a front to divert resources for the funding of Obasanjo Farms, Ltd. Obasanjo Farms, Ltd., is listed as being engaged in poultry and pig farming, which employees about 3,000 people.
The allegation is that money, heavy-duty machinery, and other materials meant for Operation Feed the Nation were diverted to Obasanjo Farms, Ltd. right from its inception. Obasanjo Farms, Ltd. has a huge abattoir at the back of General Hospital in Otta, Ogun State.
In direct contravention to the Nigerian Constitution, Pres. Olusegun Obasanjo still retains the title of Chairman, Obasanjo Farms, Ltd. This allegation is supported by documents in the possession of Elendureports.com. Other members of the top executive of Obasanjo Farms, Ltd. are Elder Daniel W. Atsu, who is the Managing Director, and Bolarinwa Atilade, who is the Financial Controller. WEMA Bank is the company’s major account provider, while it maintains accounts in several other local banks.
Ironically, some elected Nigerian public officials have been dragged before the Code of Conduct Tribunal for operating their businesses while in public service. Recently, the President also warned civil servants to desist from engaging in private businesses.
Soon after the Abacha junta imprisoned Obasanjo on trumped up coup charges, Obasanjo Farms, with operational bases in Owiwi, Igboora, Lanlate and Ibadan, started experiencing a down-turn in fortunes. There is speculation that the Abacha regime discouraged people from patronizing the farm. However, after Obasanjo was released from prison and his subsequent drafting to run for president, the farm saw a resurgence of income. Since 1999, Obasanjo Farms, Ltd. has acquired more assets. For example, the President showed off a huge teak farm to one of his close friends some years ago.
Elendureports.com was authoritatively informed that Obasanjo deposited checks worth millions of Naira meant for his Presidential campaign into various company accounts. There are claims that he did not make this money available to his campaign. As at the time of filing this story no audit of his 1999 campaign organization account has been conducted. A source very close to Pres. Obasanjo said, “Money just flowed in and Baba was just using it as he wanted.”
Just recently the former Chairman of the Peoples Democratic Party (PDP), Audu Ogbeh, revealed that Pres. Olusegun Obasanjo and his bosom friend, Anthony Anenih, have yet to account for forty billion naira (N40 billion) raised for his 1999 Presidential campaign. Ogbeh insisted that the President, through his Legacy Campaign headquarters, was responsible for appropriating the campaign funds.
Also, Lagos lawyer, Gani Fawehinmi, in recent Court submissions regarding the seven billion naira raised for the Obasanjo Presidential Library, presented evidence linking the President to Bells University and Bells Educational Services, a multi-million dollar institution, wholly owned by Obasanjo Holdings, Ltd.
Contrary to popular belief, President Olusegun Obasanjo has yet to publicly declare his assets. In addition, the Economic and Financial Crimes Commission (EFCC) has yet to publish its findings regarding allegations of corruption made against the President by Abia State Governor, Orji Uzor Kalu. While Nigerians may disagree on almost everything else, it is reasonable to expect that the unanswered question on the minds of the citizenry is: Is the President’s anti-corruption war for real or a charade designed to attack opponents, deceive Nigerians and the international community?
The Joint Development Zone (JDZ) is currently the proverbial money tree for the President. The JDZ is a joint venture owned by Nigeria and Sao Tome and Principe. This venture is supposed to manage the large deposits of oil in the Gulf of Guinea. The company managing the mapping of the JDZ is PGS, a company whose Nigerian subsidiary is managed by the father-in-law of Obasanjo’s second son. Obasanjo’s cronies, Emeka Offor and Wahab Folawiyo, also have business interests in the region.
The National Assembly as a matter of urgency needs to look into President Obasanjo's oil deals in JDZ control by Nigeria and Sao-Tome. The JDZ is a joint development authority set up five years ago to manage the shared offshore area with a 60 percent stake for Nigeria and the remaining 40 percent for Sao Tome.
Obasanjo's cronies have benefited immensely from oil deals and they continue to make contributions to the President's non official projects. Contributor to his library project- Alhaji Aliko Dangote controls 9% in block 1 through a company Dangote/EER formed only six months before the award was announced. Dangote sold 4.9% of his interest to another company AFREN petroleum plc quoted on the london stock exhange with Alhaji Lukman Rilwanu former OPEC DG and Obasanjo's adviser on Petroleum during his first term as one of it's principals.(Made a tidy profit and oil is not gushing out) Conoil owned by Billionaire Mike Adenuga's another donor into the library project has interest in Block 4. They should investigate and make public the faces behind the following faceless Nigerian companies - Centurion energy, Hercules oil ltd, Sahara energy , Godsonic oil and Overt ventures that have interest in blocks in the region.
"According to credible information, the report on the investigation of the alleged anomalies and irregularities during the process of the allocation of five blocks of the JDZ, in April/May past, conducted by Atorney General Adelino Pereira with the assistance of professor Dobie Langenkamp of Tulsa University has been concluded and sent to the President, Fradique [de Menezes], the government and the National Assembly.
This investigation was done at the request of the Commission on Petroleum Affairs of the National Assembly, headed by Delegate Carlos Neves (MDM/PCD), who is the Vice President of the National Assembly.
A request by Atorney General Pereira to his Nigerian counterpart to continue the investigation in Nigeria has never received a response."
The following Reuters report speaks for itself
JDZ awards stand, though flawed
By Zoe Eisenstein
SAO TOME, Dec 9 (Reuters) - Sao Tome has found irregularities in the award of oil exploration contracts in waters it manages jointly with Nigeria but it cannot cancel the deals without Nigerian agreement, Sao Tome's president said.
An inquiry by the country's attorney-general showed correct procedures were not followed in a second licensing round which awarded five offshore blocks in the Joint Development Zone (JDZ) shared by the two neighbours.
The round, which followed delays, squabbling between the two countries and allegations of corruption, awarded the blocks in May to U.S. and Nigerian companies.
The president said he did not have the power to order the cancellation of the flawed contracts, despite the attorney-general's findings.
"If we cancel the licensing round, we must also obtain the agreement of the Nigerian side. We cannot cancel alone," he said in an interview with Reuters.
The companies involved included U.S.-based ERHC Energy ERHE, which won the joint operatorship of two blocks and stakes in the three others.
Controversy over the round has focused on ERHC, which de Menezes said was U.S.-listed but owned by Nigerian capital.
Attorney-General Adelino Amado Pereira said on Friday that procedures used to select the companies were "seriously flawed, and did not meet the minimum international standards for a licensing round."
Some companies which received exploration blocks had little or no qualifications, both technically and financially, the attorney-general said in a statement.
President de Menezes said such irregularities had led to a loss of income for Sao Tome which he estimated at "about $58 million to $59 million."
"We have a treaty with Nigeria and everything which can be decided regarding the JDZ must be together. We cannot be alone in Sao Tome taking decisions, otherwise we will have a conflict with Nigeria," de Menezes said.
Whose Front is Emeka Offor?
www.nigeriavillagesquare.com
Written by Jonathan Elendu and Sowore Omoyele
If he were American or European, he would be on the Forbes list of the 400 richest people in the world. He estimates his net worth at three billion dollars ($3 billion), although a recent report obtained by Elendureports.com, puts his net worth at about six billion dollars ($6 billion). This former “Julius Berger truck driver” claims to have been a former petty contractor until fortune smiled at him. He reportedly was given a nineteen million naira contract in 1983, and thus opened the gates to unimaginable wealth.
According to documents obtained by Elendureports.com, business tycoon Emeka Offor is being investigated by a branch of the American government. Another business mogul, Wahab Folawiyo, may also be under investigation. What do these two men have in common besides stupendous wealth? They are both friends of Pres. Olusegun Obasanjo. And they are both oil men.
Emeka Offor is one of the major financiers of the President’s party, the Peoples Democratic Party (PDP). In the last election cycle, he donated two hundred million naira to the Obasanjo re-election campaign. He is also reputed to have sponsored the former Governor Mbadinuju of Anambra State, some members of the National Assembly and Anambra State House of Assembly for elections in 1999. He allegedly parted ways with Gov. Mbadinuju because the Governor refused him unimpeded access to the State’s Treasury. This parting with Offor led to Mbadinuju losing the nomination of his party for re-election in 2003.
Offor owns a chain of companies including, Chrome Oil Services, African Express Bank (Afex Bank), Chrome Radio Station, Chrome Air, and Environmental Remediation Holding Company (ERHC). Chrome Air is on retainer with the Central Bank of Nigeria. Offor also sits on the board of several companies, including Niger Insurance.
Documents obtained by Elendureports.com indicate that the bulk of Offor’s business is with the Nigerian Government. These documents show that Emeka Offor may have made most of his wealth from inflated contracts and speculate that he may be laundering money for some highly-placed government officials. Existing records show that Offor was a front for the late Gen. Sanni Abacha. His first major government contracts came from the Abacha regime.
Offor’s company, Chrome Oil Services, handled the Turn-Around Maintenance (TAM) on two federal government owned refineries in Port Harcourt. Claims have been made that Nigeria may have been fleeced of at least one hundred million U.S. dollars by Chrome Oil Services. Even with all the money invested in the Turn-Around Maintenance, the two refineries have yet to perform at optimal levels. On November 23, 2004, Offor appeared before the Senate Committee on Petroleum Resources (downstream sector) to explain the non-completion of the TAM. He was rude and disrespectful to the committee members. They have yet to summon him since then.
The documents in our possession accuse Offor of being involved in “about 20 other serious cases of corruption, influence peddling, abuse of office, involvement in illegal acts and cover-ups, harassment and intimidation of political and business opponents, procuring law enforcement agents to act unlawfully, infringement of transparency rules and regulations of government.”
A document prepared by one of the Nigerian security agencies credits Emeka Offor, his business partner, Gidado Idris, and some others as being the people who destroyed the Oil Mineral Producing Areas Development Commission (OMPADEC) through their business practices. Their imprints are also found on the struggling National Fertilizer Company of Nigeria (NAFCON), as well as Eleme Petro-Chemical Company.
There are allegations that Offor used his closeness to Vice-President Atiku to ‘corner’ the multi-billion dollar Yola/Bauchi NEPA transmission line. He has already been paid a significant part of the contract fees as mobilization fees. Offor, in a published report, denied Atiku’s involvement in the deal. Sources at the Vice-President’s office, who spoke to Elendureports.com, told us that Atiku and Offor were not, and have never been, close friends, “Although the Vice-President introduced Offor to the President, Offor is closer to the President than Atiku. In fact I can tell you that Offor has not been close to the Vice-President since 2001, except for during the campaigns when the entire people in the VP’s campaign entourage spent a night at Offor’s country home.” The Vice-President denied having any business dealings with Offor. According to the source, “The Vice-President swore that he has never done any oil business since becoming the Vice-President.”
The said documents in Elendureports.com’s possession state that Emeka Offor and Vice President Atiku were also implicated in a recent revelation about a mysterious Shell Petroleum Development Company (SPDC) signature fee deposit from the sale of OPL 245. Malabu Oil and Gas, a Dan Etete company, were the original owners of OPL 245, but it was later revoked by the Obasanjo Government, and later sold to SPDC. The entire OPL 245 transaction is tainted by controversy as Malabu and Etete sued the Obasanjo Government in a U.S. court for two-and-a-half billion dollars ($2.5 billion). Some interest accruing from the signature fee paid by SPDC is said to have been paid to some U.S. Congressional contacts. Emeka Offor is said to have recapitalized his bank, the Apex bank, with some of the money.
Sources also told Elendureports.com that Offor is very close to the former Nigerian National Petroleum Corporation (NNPC) chief, Jackson Gaius-Obaseki. Sources told us that Offor and the Vice-President met last at the President’s office. The Vice-President had gone to present documents to the President concerning Jackson Gaius-Obaseki. The said documents show that Obaseki had salted away about six hundred million dollars ($600 million) in various bank accounts. This revelation led to the President’s firing of Obaseki. However, the President refused to release the file with the documents that show the details of Obaseki’s bank accounts.
The reason the U.S. Government is investigating Offor is for a company he acquired—the Environmental Remediation Holding Corporation (ERHC); it was registered in 1986 by some Americans in Colorado. Chrome Energy, LLC (registered in Houston, TX) owns about 51.1% of ERHC. There are many allegations swirling around Offor’s involvement with this company. There have been claims by some foreign organizations that Offor’s shares in this company were donated to him as a way of enticing Nigeria into a deal with Sao Tome and Principe. Another report speculates that Offor’s shares may actually belong to the Vice-President. As stated earlier, the Vice-President denies any business involvement with Offor.
Another allegation is that the Federal Government of Nigeria arm-twisted the original owners of ERHC and Sao Tome into giving Offor the controlling shares in the company. One thing is certain: Offor’s ownership of ERHC makes him the number one player in the emerging oil industry of Sao Tome and Principe. The Offor-ERHC-Obasanjo deal was said to have incensed U.S. oil giant, ExxonMobil, as they were still carrying out seismic studies in Sao Tome.
According to documents in Elendureports.com’s possession, ERHC’s “sole asset is an oil and gas exploration concession in Sao Tome received pursuant to an agreement which became effective in July 2002. The company's focus is to exploit its only asset. The agreement with the Government of the Democratic Republic of Sao Tome & Principe concerns oil and gas exploration in Sao Tome, an island nation located in the Gulf of Guinea off the coast of central West Africa, as well as in a joint development zone between Sao Tome and the Federal Republic of Nigeria. The agreement was embodied in a consent award issued by the arbitrator as a result of the satisfaction of several conditions, including the ratification of a treaty between the Federal Republic of Nigeria and the Democratic Republic of Sao Tome & Principe.”
The company’s statement of accounts indicates that until 2003, ERHC did not have any assets, but had a debt portfolio in the millions of dollars. How did a company that is in debt up to the tune of about thirty million dollars ($30 million) and with one staff member acquire a lucrative oil deal in Sao Tome and Principe? Why did Offor buy this company and end up paying more than seventy-five percent of the company’s debts? The company’s statement of accounts for the year ended 2004 indicate that ERHC lost about four million dollars ($4,000,000.00) during the accounting period. Why did the Federal Government of Nigeria not use the Nigerian National Petroleum Corporation (NNPC) for this deal?
Perhaps the information excerpted from the documents in our possession will shed some light on this matter, “About 4 billion barrels of crude are believed to lie beneath those waters. Without a drilling rig to its name, ERHC could reap hundreds of millions of dollars from its holdings. The company was formed and run by a number of minor U.S players and was able to pay the Sao Tomeans a small sum for the contract. The contract ran into trouble when it was realized that these prospective oil leases would have no value until an international treaty was made between Nigeria and Sao Tome, delineating the territorial boundaries between the two countries. A visit to Sao Tome by the American head of the company proved useless. The U.S. owners were persuaded by Offor that he could arrange that Nigeria set out such a treaty, using his friends Obasanjo and Atiku. The company agreed to sell its shares to Offor, while retaining a number of shares in their own name. They didn’t so much sell the shares as donated them in exchange for Offor agreeing to be liable for the debt. In mid-2001 Offor acquitted a 75% stake in EHRC. A few weeks later the Government of Nigeria and the Government of Sao Tome signed a treaty delineating their borders. Now the oil leases (which promised a 5% of the revenue stream to Chrome) now had a putative value.
This ability to start to sell the oil leases attracted other players. Obasanjo was pushing two companies for the Joint Development Zone (JDZ). These were the Nigerian branch of Norwegian PGS, headed by Otunba Onabanjo (father-in-law of Obasanjo’s second son) and Yinka Folawiyo Petroleum, run by Wahab Folawiyo (close friend of Obasanjo). Atiku was happy with Chrome as it was widely believed that he actually owned the Chrome shares and Offor was his nominee.”
Howard F. Jeter, a former ambassador, retired U.S. State Department official and friend of Pres. Obasanjo, is on the board of ERHC. Jeter also serves as an executive of Goodworks International, LLC, a lobbying firm owned by Amb. Andrew Young and Carlton Masters. Goodworks International lobbies the American Government on behalf of Nigeria.
The last coup d’etat in Sao Tome was both a diplomatic and business opportunity for President Obasanjo. The President intervened and brokered a peace deal between the coupists and the ousted Sao Tomean President. There are reports that the ousted President was accompanied from Libreville by two plane loads of military men to retake power in Sao Tome. This singular act re-established Pres. Obasanjo and Nigeria as indispensable in Sao Tome’s march to petro-wealth. Emeka Offor is reputed to have sponsored Pres. Meneze’s for the Sao Tomean presidential election in 2001.
Elendureports.com contacted ERHC at their Texas office. We were informed by a receptionist, who gave her name as Jane, that Emeka Offor did not maintain an office there. She refused to give us information as to how to contact Emeka Offor. She refused to answer more questions and abruptly hung up the phone. The Securities and Exchange Commission refused to confirm or deny that ERHC is under investigation.
Emeka Offor’s deals have astounded many investigators as he seems to operate in almost all of Nigeria’s economic nerve centers. It is widely believed that Chris Uba, the self-acclaimed political godfather of Anambra State, is playing from Offor’s playbook. Their influence on the Obasanjo Administration makes them members of the elite class of ‘sacred cows’ in Nigeria today.
Pistolpete, I understand that, but how do they force the price down without selling shares?
Regarding conspiracy theories, I must be missing something. What would someone "in the know" gain by driving the stock price to these levels if a buyout is emminent?