"was he a buyer on the open market last year?"
Where are the Form 4's for those transactions? Offor was not buying, not legally anyway.
The way I see it is Ntephe and Odobulu came up with the Right's Offering as a way to continue their paychecks.
- Offor saw that he was being expected to carry the load with a massive outlay and decided not to support it.
- Ntephe and Odobulu responded by crushing Offor's investment in retaliation.
- Now it is Offor's move. Since he hasn't fired Ntephe I can only conclude that Ntephe is in the drivers seat here and Offor is powerless. That's probably a strange feeling for him, but it is what it is. It looks like Ntephe and Odobulu destroyed Offor's stake in ERHC, and ours, over a dispute over continuing their paychecks regardless of their performance... and Emeka Offor, so far, has just held on to his ankles and taken it.
Stay tuned.
People maintain anonymity for a reason and it is rarely noble.
