Tryoty,
I am almost in full agreement with you. It is a lot of work but I think the reason they switch to the new shell is to get on a different exchange AND wash them of the historical crap (ie SEO and the alphabet soup inquiries).
As to how the current shareholders are treated, I actually think it will be fairly straight up as PN/SEO are larger shareholders than myself and have to be treated the exact same way we are. I think there is a simple share exchange for like percentage of ownership or there abouts. For example, lets say the Canadian exchange company has $500k cash sitting on it's book and 40 million shares outstanding (and held by all insiders). Let's now assume (after the completion of the cd exchanges are cleared) ERHE has 39 million shares. The new shell could give all ERHE one share of the new shell for each ERHE share held in exchange for all assets except KENYA, but the cash gained from the Kenya sale flows through to the new shell. The $500k sitting on the books retains 1 million shares of the shell for its value of assets.
This is not an exact example, just giving a simple "how it works" example without screwing over current shareholders.
I am of the opinion that SEO and PN still have enough shares of ERHE to profit straight up from the transactions that it would not be worth the lawsuits to do anything that was not equitable to all shareholders. That is why I have absolutely no worries or issues with the whole shell thing going on. JMO
