That was most likely the case but to say it was "Obvious" is a real stretch especially with this stock. Are you Oliphant ???
ERHC still could have had a contractual understanding before a minority partner was bought out, for what ever the reason. Remember ERHC brought them into the equation.
There are to many people out here who think they have the only answer to an issue. When in fact they are clueless as most everybody on these boards.