ERHC Energy Inc (ERHE)

[magicatlast]

My preference for financing would be for the partners to take an equity position in ERHE at market value on the stock. That said, I do not see it happening that way. My logic says there is a private placement with an unrelated third party. Some here question my logic, which is not a problem for me. The "pre-emptive rights" things does not apply, imo. If the company were going to do a secondary offering on the open market, it might come into play, but it is not a precondition to a private placement of equity for operating capital.(fact)

mostly jmo, Magic