ERHC Energy Inc (ERHE)

[Strategyone]

Ironic Twist:

Ok, remember that sore subject or "deal" a while back where Offor teamed up with Addax and swung a deal for a Nigerian oil block with a new company? Let me see, the reason he had to do it outside of ERHE was because he needed a non us-based company to do this deal. Offor started a new company with little to NO assets or value, teamed up with Addax and Addax paid the new company cash to partner with them...hmm. I wonder if ERHE could do something similar in the future? Let's say they hire someone who could start a subsidiary with relatively no assets and then use local political clout to get a deal going where they can then IPO the new entity to raise additional capital to keep a larger percentage of the total deal. Nah. That could never happen with ERHE. It must be that they are going to use all their cash up on a mining company in Timbuktu. Oh wait, the management team already nixed that idea....hmm, what else could they be thinking?