ERHC Energy Inc (ERHE)

[jimbo1959]

It seems that IF he elects to participate at all, this would be the outcome-Offer picking up large numbers of shares and possibly more than 50%. Is this a problem in any way? It's a U.S. company, not a Nigerian company. But I don't know the legalities. Let's consider the flip side-what happens if he doesn't participate. Seems like we would be in bigger trouble. Either you believe he wants all he can get because he thinks it's valuable, or you believe he wants to take control for nefarious reasons, or you believe he just will not participate. Is there another option I'm missing?