ERHC Energy Inc (ERHE)

[bayfisherii]

Hey OC,

Pardon my ignorance but why are a few of you (Posters I read and respect) so keen on a merger? From my perspectice Addax would not propose a merger unless it has a financial benefit for them. If it does then it will have to cost us as ERHC shareholders.

The only off set to that (loss of gain) is a reduction in RISK for us. That is all very good but is it worth it?

Is $2 a share (as quoted by Govols) to buy us out (with stock only) good enough? Even if we still have upside potential via our new Addax shares. And remember those are now weighted down significantly!

Not trying to be difficult I just have not decided that a merger is in our best interest unles we extremely adverse to RISK. And the truth is if someone is adverse to RISK why the hell are they in this stock in the first place?