Addax Petroleum (fka AXC)

[Julius Erving]

5) Why did Offor "only" lend $250k to ERHC in CD's? And why did Offor immediately convert that loan to shares? Are the shares that valuable? Had he waited, he might have gotten cheaper shares still. And yet, the matter was so urgent that he converted in the same quarter. I guess he felt he needed to get those shares before they go up in price and so does the conversion price along with it. And why "only" $250k? Did he see it as a bridge loan to hold ERHC over until the company got substantially more funds...remember, all ERHC needed was about $1 million. How hard would it have been for Offor to lend that much? Not hard at all.

Why did he not buy all the CN's that were created? He could have scooped up everything...

Does anyone really think that Ntephe would get married at a time when there was substantial turmoil in his life and at ERHC?

Was there turmoil in his life? Elaborate...