ERHC Energy Inc (ERHE)

[Strategyone]

What is interesting is that I believe all these shares in the filings today (obtained on 9/30/10 fyi) are through some benefit plans or options/warrants granted in the past.

I think the only way the employees and directors can legally purchase shares during "black out periods" is by exercising these rights through these plans.

If they let these benefits ride through a merger, they may lose them so this might be why they were just exercised. Curious indeed.