ERHC Energy Inc (ERHE)

[manuel06]

I read the prospectus and I believe that Offer can only oversubscribe for shares pro rata like previously for his rights.


ssc Friday, December 28, 2012 1:44:44 PM
Re: jimbo1959 post# 268693 Post # of 268716


From the rights offering announcement today:
Quote:
In addition, holders of subscription rights who fully exercise all of their subscription rights may also request to purchase additional shares of the Company's common stock that remain unsubscribed at the expiration of the rights offering, subject to the availability and pro rata allocation of shares among rights holders exercising such over-subscription right.

thanks-- SSC
P.S.I couldn't find how long the holding period was for the 1st subscription,or what would happen to any outstanding shares not oversubscribed till closing date and there after.