ERHC Energy Inc (ERHE)

[bayfisherii]

TamTam,

Aftr reviewing the document (quickly scanning) it is apparent that between SEO, Chrome and a Nigerian Bank 91% of the Common stock is locked up. It would make it easy for this group to control the price at whatever price they desired.

The million dollar question is why would they benefit from keeping the price as low as possible?

IF SEO is looking for a buy-out with Sinopec it would not make sense. As there are some perceived hurdles when you get multiples much larger that 5 or 6X on SP.

My gut feeling is that SEO will stay with this stock through exploration and that his confidence factor on hitting a viable field(s) is high. Otherwise he would have used his ownership leverage to promot a higher SP and then walked away with Billions through an Sinopec buyout.

JMHO
Bayfisher