ERHC Energy Inc (ERHE)

[balance_builder]

Dual structure/dual listed. Interesting and could explain the well placed rumors of the co's anxiety when the sp started rising after the whiteboard info was presented.

"The number of shares on issue in each of the two companies when the DLC is formed will be determined according to the value of each company beforehand. Each share usually carries one vote in the joint electorate."
http://fido.asic.gov.au/fido/fido.nsf/byheadline/How+do+dual+listed+companies+work%3F?opendocument


From the same link about, this is of interest too IMHO:

"The companies may also try to ensure that a takeover bid for one company will also trigger a bid on proportional terms for the other company. This is designed to ensure that each set of shareholders is treated equally."