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Re: pinecat post# 174911

Wednesday, 08/19/2009 11:26:06 AM

Wednesday, August 19, 2009 11:26:06 AM

Post# of 362147
Yes, this has been briefly discussed here. My understanding is, SEO has pledged 100M shares of ERHC against that debt back in January or earlier. More details are unclear but the dollar value of 100M shares of ERHC far far far exceeds the value of the Nigerian dollar value of the debt to the tune of 4 to 1. Those more familiar with the currency exchange value can give a more accurate account of the value than I. Basically, its a non-issue since those shares are owned by Chrome anyway.

Strass

Be courteous to all, but intimate with few; and let those few be well tried before you give them your confidence.
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