ERHC Energy Inc (ERHE)

[Krombacher]

Elcrest is a joint venture between Eland and Starcrest.

Hence, it makes sense for its board to be comprised by members who represent Eland, like Blair and by members who represent Starcrest, like Ntephe.

But how could the CEO of ERHC possibly represent an entirely different company, Starcrest, if not for the fact that Starcrest and ERHC are likely one and the same.

Let's say that ERHC really lost the JDZ and block 4 as the shorts wish for
..I don't think ERHC lost anything, but let's say for the sake of hypothetical discussion that this is the case....


... if ERHC is merged with starcrest, as this board of directorship on Elcrest implies, then ERHC is still worth (50%?) of Starcrest assets, which are massive and oil producing (and therefore potentially dividend producing) and include Starcrest's stake in Elcrest.

In that case, the short sellers dream that ERHC becomes worthless is forever dashed.

And they can't cover because SHORTS ARE STUCK.

Krombacher