Thursday, August 27, 2009 2:28:35 PM
For someone to buy out ERHE they really only have to talk (off the record) to 2-3 people to get the 51%. If the buyer could get those 2-3 people to agree they would sell their shares at a determined price then this "off the record" conversation we as shareholder might not ever know this is going on. These 2-3 people are not officers or employees of ERHE. Therefore we as shareholders would not know this is going on until it is done (agreed by 51% off the record). We would not get a PR saying "someone is talking to us for a buy out" like Addax put out. I think this is one reason SEO stepped down because as a officer he would have to disclose these type talks. I think when (not if) this happens it will be a PR something like this: "ERHE majority 51% has agreed to sell for $xx.xx effective xx/xx/xx. This type of deal could close fairly quick.
I am in the camp that thinks we will get a "pre-drilling results" buy out. If I were Sinepec I might want the Addax deal to be "final-final" (tonight at 11:59pm)prior to annoucing ANOTHER deal in JDZ to avoid raising to much attention to compete with.
Just my thoughts. Please don't shoot this poor Arkansas boy for his opinion.
Razor
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