ERHC Energy Inc (ERHE)

[globaloil]

The original RAP.P prospectus was publicly posted on SEDAR last summer. Hardly a secret.

Regarding a non-arms length transaction by RAP.P to acquire ERHC as a QT:

1. How ERHC Energy responds to any possible offer from RAP.P is not subject to the provisions of the RAP.P prospectus. Any buyout of ERHC would require shareholder approval from a majority of the ERHE shareholders. That means that one of your shares carries the same weight as anyone else's share. Your unwitting theft speculation ends there. Period.

2. Both SO and PN are considered majority shareholders in RAP.P, so any non-arms length transaction (i.e., involving ERHC Energy) would need a vote from a majority of the minority shareholders of RAP.P would be required to approve the QT on that end of the deal. Therefore, if a small majority of the minority shareholders would not approve the QT, then it wouldn't go through. Period.

3. For #2 above, the Canadians would require disclosure of the pending deal which subsequently must be approved by the exchange. This would not happen in a news vacuum. There would be announcements, SEDAR disclosures, and a scheduled shareholder vote. Period.

3A. FYI, SEDAR disclosures are public information, not some special repository of secret companies and backroom deals. LOL

4. PN is only an investor and shareholder in RAP.P and has no management or promotional role. SO is considered a promoter. Therefore, clumsily lumping them together as part of your wildly speculative accusations yet again highlights your lack of legal training and experience. Although he is a large RAP.P shareholder, PN is no different than you, LMLT, myself, or any other ERHE investor and shareholder, when it comes to how we all choose to invest our money in a company where we are not part of management.


To demonstrate how wild your conspiratorial accusations sound to this board, what if I accused you of being a pawn of ERHC management with the intent to supress the ERHE share price in an effort to effect a takeover by RAP.P. I could point out that the vast majority of your posts on this board clearly demonstrate your intent to discredit management and keep the price low for some unknown nefarious purpose. How would you respond to this accusation? Obviously if there were such a conspiracy, you would hide your tracks with respect to communications with ERHE management and your "anti-shill" duties. Completely ludicrous, right?

Everyone is entitled to their opinions on this board, but selling your opinion as an outlandish criminal conspiracy is simply wrong. Now you know how the rest of us feel!

The way that the NGAR prospectus was written seemed to anticipate that a conflict of interest was going to occur. They went to great lengths to spell out what would happen if that came to pass. To me that screams that they might do a deal with ERHC. To have set up this new, secret company which pretends it is looking at many transactions, and not just at a transaction with ERHC, is shady at best. Of all the possible transactions out there what are the chances the deal would be with ERHC unless it was pre-planned?