ERHC Energy Inc (ERHE)

[tryoty]

Let me play devils advocate... what if that buyin was for 2 billion shares at 1 cent... maxing out the authorized at 3B.

Still happy? Maybe. If you've been throwing money at this as fast as you can, the dilution would be irrelevant. Anyone who quadrupled their holdings while ERHC quadrupled the float would be unaffected.

A limited buyin for a stake equal to Offor's would be a dream come true. Control would be close to 1/3rd Offor, 1/3rd buyin entity, and 1/3rd retail holders.

As I have said before, getting a buyin partner to offset Offor's control is a great way out of this mess. Let's say CEPSA takes a 310M share stake, slightly larger than Offor's, and then ERHC approaches VC firms like Blackrock for capital and gives up another 310M shares. What does ERHC look like?

CEPSA 310M shares
VC firm(s) 310M shares
Offor 305M shares
retail investors 450M shares

Pretty even control given that retail will split votes among the other 3 major holders in any given vote. This is a corporate share structure that would eliminate what has held this company back for so long...Offor's control.

For those that don't believe that, it's in the 10K:

"One shareholder beneficially owns approximately 40% of the Company’s outstanding common stock. As a result, the shareholder has the ability to substantially influence, and may effectively control the outcome of corporate actions that require stockholder approval, including the election of directors. This concentration of ownership may have the effect of delaying or preventing a future change in control of the Company or a liquidity event."

Blue means Offor's dumps all shares on the open market... yikes!