ERHC Energy Inc (ERHE)

[sneak-attack]

Krom: Why should SEO and friends stop at 50% if the drilling results are that good! The New shares maybe a prelude to a company wanting to takeover this Company, By acquiring a 12% position or 107 million shares they lock up 2/3 voting shares with SEO and friends and offset the higher purchase price of any takeover.

Another scenario is they will need money to purchase the balance of their rights in the JDZ and EEZ as well as purchase a small % in an ongoing hydrocarbon revenue stream for the AIM listing and bunker down for the long haul while waiting for production to begin in the JDZ or a buyout that satisfies the largest shareholders.


JMO
Sneak