ERHC Energy Inc (ERHE)

[Strategyone]

Maskers, good question.

IMHO, if Addax is negotiating directly with SEO for a stock swap buyout, they will likely require a specific holding period for "his" controlled (and Chrome's) shares. This will probably be in exchange for the better than market rate they will be offering. It will also be for his continued "influence" in the region.

For us float holders, it is unlikely that there will be a holding period unless you are a more than 5% stake holder and have been pre-contacted or included in the negotiations (IMHO).