ERHC Energy Inc (ERHE)

[brez63]

Maestro, perhaps I don't understand how shares are privately sold. But, I believe that SEO cannot sell his shares to anyone he wishes to. He would sell his shares to the open market just like you and I. Therefore a company would offer X dollars per ERHE shares for up to 51% of the available shares or 360M ish shares for them to have control of the company. If SEO had advance notice of this deal he (and his friends to make up 51%) could slowly sell his(their) shares over many months at a very slow rate so as to not be noticed and not cause a surge in volume price. Then get the remainder under the table in cash. This is unlikely since anyone owning more then 5% must disclose their sales.

Either way, SEO must have 51% of shares to make decisions outright (ei without votes). This would be done in an internal board meeting with the 51% holders (SEO and Friends/familly). Minutes of the result of the meeting would have to be presented to the remainder of share holders. Again doubtfull, that SEO would grab the 51% club members and do it. If he does, higher money that much quicker I guess!

Brez