ERHC Energy Inc (ERHE)

[brez63]

So I like what may be happening.

Don't know who posted it or if it is a summary of many posts, but I like it.

1. ERHC wants an outside player to invest in the company.
2. The outside player doesn't mind investing or farm in to current acreage. But they are not happy with SEO owning so much and they want an upside for their money.
3. They want some shares of the company, but the BOD know that if they outright let them buy shares they will get pummeled by us. So they come up with the RO. We all had a chance to buy more. Now they give the same deal to said company. So they buy all the rest of 200M shares at 7.5 cents. That now gives a company skin in the game.
4. But the above does not give te said company acreage to control. So they pay a price for a percentage of Kenya block and even perhaps a controlling share of it.
5. All ERHE shares go up in price on the deal, including the 200M shares of the said company. Insta profit, which is the upside!

So what does a farm in deal look like? My guess is:

1. Company X buys 100s of Millions shares for .075.
2. Pay 10s of Millions for %of Kenya
3. Pay even more for controlling % of Kenya.

There expenditure for shares will be immediate profits. Which would be a huge upside for any company. BOD will get there .20 options. Actions or quality of new partner will dictate if SP goes to .75 for BOD to get rewarded.

We as usual are just along for the ride and where we decide to get off is up to us!

Cheers
Brez