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Julius Erving

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Julius Erving

Re: tryoty post# 7294

Wednesday, 03/02/2016 8:40:55 AM

Wednesday, March 02, 2016 8:40:55 AM

Post# of 18778
Reminder:

SEO originally put in $6 million. BUT, Chrome went on to fund (by way of loans and interest) ERHE before they got the JDZ money. Chrome was "paid back" from shares only. I am pretty sure the strike price was around .22 Presplit. So, Offer/Chrome are probably into this investment by about $8 - $10 million.

We all know they didn't hit the hopeful elephant field in the JDZ which would have given ERHE hundreds (plural) of millions in market cap but if they hit even their prospective oil amounts with their onshore Kenya property, the Market cap will not be near the current $3 million.

Courtesy: Strategy
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