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Re: dashmac post# 30114

Saturday, 03/11/2006 10:06:22 AM

Saturday, March 11, 2006 10:06:22 AM

Post# of 362741
Claude, I have always felt that the source of ERHC's low SP came from United States companies such ass Exxon being angry about being kept out of the operatorships of JDZ blocks for not wanting to carry ERHC.

Or Pioneer and now possbily connected with Memon holding down the share price to make a buy out cheaper.

There has been a lot of funny trading of ERHC from United States MMs, not Offor clan people.

If Offor distrubuted millions of shares for political favors in Nigeria, why would he now want to keep all those shares under one dollar?

The low share price did put a financial strain on ERHC as Offor could not really sell shares to make money to pay for operating expenses.

Offor and the NIgerians probably want a high share price for ERHE and this seems to be what Meridian is posting recently.