InvestorsHub Logo
Followers 10
Posts 76
Boards Moderated 0
Alias Born 11/03/2010

Re: brez63 post# 273568

Monday, 05/06/2013 8:29:14 PM

Monday, May 06, 2013 8:29:14 PM

Post# of 361526
I think most of what you post is a pretty good analysis of what I think, Brez.

I think there are other clues to the puzzle. All the silence over the last several years until now. Silence from Sinopec, Total, JDA, STP. Silence from SEO by not participating in the RO. Groups and individuals are silent for only 2 reasons...failure or to protect for oneself the rewards of great success. Failure in the JDZ would make sense of the silence. But if all these assets are failures, why the continuation of holding them? I cold say more about this, but the constant question many have asked ("if everything we have an interest in is so bad, why do the players remain?") should cause people to move to an inescapable conclusion.

A farm-in scenario but with skin in the game through a buy-in brings many players to the table who now have it in THEIR interest for ERHC to succeed. SEO not participating in the RO? Could it be that he doesn't need control if he has preferred stock that is structured to guarantee him profit from ERHC's eventual success? Giving up control for the risk of great profits puts his skin in the game. And he, more than anyone else, knows what the plan is going forward.

I'm no genius. Just trying to figure out things like everyone else. But people who were there from the beginning know the incredibly complex process that created ERHC (moving from an environmental company to an energy asset holding company) and created the JDZ and the EEZ. All of these things didn't occur in a vacuum and weren't isolated instances that occurred over a decade ago. So yes, I'm bullish about scenarios that will allow ERHC to be what it was created to be.