ERHC Energy Inc (ERHE)

[jbofthecloth]

ERHC should put itself in play!

Engage a proper investment bank to search for a buyer for the company, operate a proper data room, etc (a modest retainer and a payment on success). RBC would do it unless they felt they had conflicts.

Advertise far and wide they are willing to entertain offers for the company. No price, no commitment to actually sell at any price but no guesswork that they are willing to sell at the right and fair price.

That'll flush Sinopec out of the woods and potentially get others in to maximize our price. Sinopec probably think they have all the time in the world to deal with ERHC. Make them deal with ERHC! Now!

Management has always said they want to maximize value for shareholders. They have no oil expertise, but they can take a page out of Gandur's book and induce a bit of a bidding competition.

Just a thought, but since I do that for a living it makes sense to me.