Home > Boards > US OTC > Oil/Gas/Natural Energy Production > ERHC Energy Inc. (ERHE)

Krom You were comparing the Sinopec/ Addax buyout

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
manuel06 Member Profile
 
Followed By 11
Posts 1,363
Boards Moderated 0
Alias Born 10/05/06
160x600 placeholder
manuel06   Wednesday, 09/25/19 06:42:49 AM
Re: Krombacher post# 331807
Post # of 346873 
Krom
You were comparing the Sinopec/ Addax buyout with ERHC's position?
Sinopec bought Addax for 4 to 5 times their ( 5 x) $ 10.00 listing, or,
(4 x) premium to $ 12.13 price at buy out deal ($ 52.80 per share ). That would be a 400- 500 % gain....and that was huge and oil, and oil companies were in favor in the market at that time. Nice gain on my money there. But the Gains for ERHC,you are implying, or were implying is an Astral fantacy....to the moon Alice!
Most here would be extatic to get their invested money back! IMO

Baz

https://www.reuters.com/article/us-addax-sinopec/chinas-sinopec-to-buy-addax-for-c8-27-billion-idUSTRE55N59I20090625


Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences