ERHC Energy Inc (ERHE)

[PieEconomics]

Chrome's total buyout of ERHE today would stop the overhead, preserving more value (eg: dropping the directors, officers and employees, DK and regulatory expense, office expense, travel). Just the present value of this savings alone would pay for the purchase price. And, since ERHE's "business" is slow, Chrome wouldn't be burdened with many newly added management responsibilities. I think the convertible debt would be paid off at par (plus interest), in a buyout, unless their contract specifies otherwise.