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Re: TopShelf post# 126432

Thursday, 04/24/2008 12:27:43 PM

Thursday, April 24, 2008 12:27:43 PM

Post# of 367090
This should be a non-issue as far as concerns to us stockholders. Someone posted a link yesterday to Cayman Islands and I saw where there are near 5,000 oil company subsidiaries registered there. Everyone in the oil industry sets up their asset blocks this way and Cayman is about the most popular place to set it up for tax purposes. They do it for liability reasons, because each block has different partners, etc. Again, this was spelled out very specifically at the meeting as to the need and is not a worrisome point. In no way is this a diversion of ERHC rights, profits, dividends, etc.
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