ERHC Energy Inc (ERHE)

[DegenerateGambler]

SEO has been a FIXTURE of ERHE for quite some time. Not doubt his stepping down is a MAJOR EVENT. So one must ask why and how this will effect the company/shareprice.
Why did SEO step down? No doubt in my mind it had EVERYTHING to do the investigations. I believe he was forced to step down from pressure by the investigators. So does this mean the investigations are winding down? I would think so, since SEO step-down HAD to be part of the negotiations with the company and now that the step-down has occurred, this should open up the door for the settlements to be finalized. I would guess that an announcement to that affect will be coming very soon, maybe at the cc. I would also guess, that a some sort of fine will have to be paid. Maybe a million or two, but something to pay for the government expenses for the investigation. This should be considered a blessing, since any on going investigations leave a "black cloud" over the company and the share price.

As far as all the deals being bantered about, I believe this is a bit premature. All the investigations and legal problems MUST be cleared up first. So let's wait for those announcements before we start guessing about the buy ins / outs. I do not believe SEO step-down has anything to do with prospective deals that may occur.

But the biggest question that few have opined about, is how will this effect the share price? I say we open at a gap up @25 cents and close the week in the 30s. But I am ALWAYS overly optimistic.