I must say honestly that this is my perspective also. Maybe there was some shorting going on from out of Canada, but not that much imo, just a hunch, nothing more.
But there are some other points of interest:
It would not make much sense that Offor would not make sure he got at least 50%, since he (proof) pumped in another $250.000 back then, and could have got back to 50% plus later for relative very little money. It's not that he could not make that 'gamble', far from. There was no reason for him to lose interest in ERHC after he made that purchase.
Other point: the lawsuits did cost (absolutely a fact, despite having seen any 'proof') substantial amounts of time and money. And somebody out there made this all happen, and it was of course an insider. Does not matter who it was. A real insider, not a (perceived) insider like Krombacher, lol.
So we have proof (yes, deductible proof for sure!) that there is value in the rights ERHC still owns. Without any doubt whatsoever.
Will we ever hit $8,- ? No, of course not. Maybe a 0.0004 % change.
Does that matter for investors? No, of course not.
A buyout by either Total or Total/Kosmos in the teens would be simply fantastic.
But we will see, that's for sure.
At least we don't have to expect a bankruptcy, because of all the recent effort, time and money that has been spent on this supposedly sinking barge called ERHC. There is absolutely not 'nothing' going on. On the contrary, my dear Watson.
I also don't believe that all this litigation money has been spent to make a few million dollars on a sale to TOTAL or TOTAL/KOSMOS. It should be more substantial.
The Doc.
