Addax Petroleum (fka AXC)

[Julius Erving]

SSC:

From everything now on the table, it looks like there could be some type of deal for block 4. Maybe it gets completed, maybe not. But considering erhc's extremely weak condition, expectations for a huge cash amount and full carry are not realistic. Maybe they'll get enough cash to turn the lights back on and maybe they'll get a carry similar to the CEPSA deal. But everyone knows how much that was worth to shareholders.

So now there could be a deal... lol.

And a dividend? From a company that hasn't been able to afford the cost of complying with SEC filing regulations for over a year? Yikes. Cash needs aside, a company doesn't reward its executives by paying a dividend to all shareholders. It gives stock options, bonuses, salary increases, perks, back pay, etc. But everyone already knows that.

OMG. "A" company doesn't reward it's (…)

Are you suggesting here that ERHC is a "typical" company here?

ROTFlMAO.

The Doc.