ERHC Energy Inc (ERHE)

[mz157]

I agree - there is not some mystery entity (other than SEO). I have never heard of a potential buyout happening like that. If there were previous offers (in this case we are relying on friends of annonymous message board posters...slightly suspect), they were for what the potential bidder valued the JDZ assets at... AND THAT'S IT. SEO didn't agree so as is typical in this situation... the bidder simply walks away.

They don't say "hey... we will give you your x amount of money in 2-4 years once you have obtained some assets that we have no idea could exist at some poin in the future. It's a completely asinine way of doing a deal/business. Again, the previous bids (if they existed) were for the perceived JDZ value ONLY...not for some unknown assets that may or may not exist sometime down the road.