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Monday, May 06, 2013 9:43:27 PM
And I now think SEO did not participate in the rights offering because he knew in advance that the rights offering was failing and he knew in advance about the possible JV partner. To participate under either of those circumstance would have been illegal under US law so he was told NOT to participate. Quite a different story than the one that you will normally hear on this board but one that likely is FAR closer to the truth.
Now let's see if they can close a deal for a change or if ERHC will overplay their hand again.
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