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Re: tryoty post# 105067

Friday, 08/17/2007 10:05:15 PM

Friday, August 17, 2007 10:05:15 PM

Post# of 361394
For Addax to purchase ERHE for stock they would have to issue an additional 112.8 millions shares to give us a $5 value. Shareholders of ERHE would own 44% of Addax after that transaction. (Big O would own 23% of Addax himself. Is it possible? Addax currently has 354 million proved and possible barrels of reserve, if they know ERHE has 1 billion barrels, it might make sense to them.
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Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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