ERHC Energy Inc (ERHE)

[Krombacher]

In Oct 2017, the time when Kosmos filed its lawsuit against ERHC, Kosmos was trading at $7.70.

Then when it looked like Kosmos might win, Kosmos climbed to $9.35 in Sept of 2018...

...but right then ERHE filed the motion to depose Kosmos head honcho over alleged bribes to Sao Tome...

And Kosmos fell to today's price of $5.60...which is actually a recovery from the $4.07 it fell to back in December.

Kosmos market cap is currently $2.248 billion at a share price of $5.60. At $7.70 Kosmos had a market cap of $3 billion...

...a drop of $843 million.

So maybe Block 4 estimates of $500 million is conservative...maybe it's closer to $850 million.

Krombacher