ERHC Energy Inc (ERHE)

[stocks2rise]

So they are putting out 243 M and he only has to pick up 185 million share of that to gain complete control? That is only $14 million appx. Very easy for him to do. Also, how much of the 243 million shares do you think the average shareholder is going to absorb? I would be surprised if the 43 million would be taken. Where are they going to sell the other 200 million to? If Offor only takes his subscription allotment of 105 million then they are going to fall way short of their needs unless they have an angel in the wings to save them.