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Re: bayfisherii post# 157380

Tuesday, 04/07/2009 9:52:45 PM

Tuesday, April 07, 2009 9:52:45 PM

Post# of 361994
Addax would have a strong incentive to buy ERHC if the company proposing to buy Addax wants to own ERHC as well, but for some reason can't buy us directly (read China?). This would put SEO into an excellent bargening position.
If China wants us badly, and if Addax believes it, and we, are sitting on huge potential oil, the cash would flow streight from China thru Addax to us.
I'd be happy if we got $3++ per share in trade for Addax shares. Then when Addax doubles, or more, in value (company maker), we could pass that $10 target.
It would be even nicer to thus sell our current assets and keep the EEZ for future profit/deals.
The least known factor in this (all my opinion) is SEO and his plans and options.