ERHC Energy Inc (ERHE)

[amj23]

a majority shareholder would always get an offer for "his shares" without him any buyer would be pi**in in the wind. without him, they have no deal. he owns 43%, but you have the nigerian bank shares and others who vote with him. that's why, you would need at least 51%, i bet they would have it, but only with offor. "refer to the filings"

a recent case, which made case law regarding majority control, John Q. Hammons, hotelier, majority owner, made a sale of his shares and then the offer was tendered to other stockholder's, without John, no deal. the deal was not made known until a deal had been struck, perfectly legal. he was sued by a few minority shareholder's, John won. that deal was very fair to all, fascinating reading.