ERHC Energy Inc (ERHE)

[ERHClongtimer]

We can speculate on the why's and why-not's of SEO's nonparticipation, but I don't suppose anyone really knows the real answer. His participation would have certainly boosted the morale of existing shareholders, at the very least.

In any case, as an owner of roughly 42% of the company, I doubt he will stand by and watch ERHC go bankrupt. He has too much to lose. So either he has a rescue plan or he knows of some saving grace that is coming down the pike. In any case, he must have enough confidence that funding will be obtained in one way or the other, without fearing deleterious affects to his interests. Push come to shove, he could step in and inject cash into the company as he did once before.

Whether his interests are beneficent to minority shareholders' interests is yet to be seen.