ERHC Energy Inc (ERHE)

[vineseeker2]

Dat, my understanding is that First Alantic is one of the banks the Nigerian version of the FDIC has taken over. The shares were furnished to the bank to keep SEO from being sued by this organization. Several banks were taken over in the same few months and the Nigerian version of the FDIC was suing several wealthy Nigerians, many with ownership in the banks to collect their non proforming loans. SEO had already co-lateralized his loan with these shares.
SEO would want these shares back because who ever owns them at the time of a buyout would get the buyout price, currently the Nigerian government.
All this information has been picked up from posts to this board and links to other articles posted on this board. I am a free member and can't do serches of the mesage database.