ERHC Energy Inc (ERHE)

[tryoty]

Brez, my point was such a deal will not happen...

unless the common shareholders are offered the same price. Offor could probably get away with selling a big block at 50 cents, but no way at $2 or more.

The only way it could happen would be a public offer at $2. When the volume at $2 dries up and buying any more would push the price higher Offor could sell at $2... as many as he wants.

That's why I'm suspect of this latest rumor. Under these circumstance the buyer would have know way of knowing how many retail shareholders would jump at $2, therefore know way of knowing how many of SEO's controlling shares they could get.

Any deal, as described by the latest rumor, just isn't legally possible.