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Monday, March 31, 2008 8:28:58 AM
Now what would they want with ERHC's public shares? How could this be beneficial to shareholders interests? Does this group have an interest in removing us as per the whiteboards "buy public %"???? I can't see how that would be beneficial.
http://www.jcurvebook.com/bio.html
http://investing.businessweek.com/research/stocks/private/person.asp?personId=29535274
He teaches at Columbia University. Seems that name has surfaced more than once in this investment.
A consultancy group seeking investment coupled with "buy public %" may not bold well for shareholders nor would it speak well for managments claims of intent "to increase shareholder value".
Now, if an offer was reasonable (read: true value) it wouldn't be a bad thing.....but then I worry about the co's scorecard (read: shareprice) and why it has been kept down. All to facility a "lowball offer" and remove current public shareholders as SEO and a new group enjoys the benefits of the assets true value?
With the co responding publically to the whiteboard, you can bet it has significance.
I don't believe this current sp rise is the result of drill ship news. Rather, the result of an interested party (Bremmer?) preparing to make a move.
It is important to let our company know of our concerns. To hold this long only to see it cheaply taken out of our hands would be a sad event.
Hopefully the DD guru's on this board can do some serious DD on Bremmer. It seems I wasn't quite able to make it thru the flu season.....
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