Thursday, June 18, 2015 4:48:16 PM
The more likely scenario is that PN and SO are leaving for this new company they are starting. Most likely after a buyer has bought out ERHC Energy, which most likely occurs after the last eligible CD is complete in August/September.
It explains:
why PN and SO, the management, bought shares.
why Offor didn't participate in the offering way back when...and is trying to keep less than a majority stake (easier to sell company)
why PN referenced a "strategic buyer" interested in a higher share price first...well, we have a higher share price now...
why they are doing this now just as the EEZ MOU is up...
The buyer most likely is interested in the EEZ...
I think we are about to go KABOOM!
Krombacher
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