ERHC Energy Inc (ERHE)

[Krombacher]

Exactly. Thanks sideeki, the remarkable story behind the story of the stock options is where they set the vesting price. (the execution price was I believe in the 20s, if not mistaken but they can't exercise those options even if the stock is above 20 cents unless we hit the vesting price which is I think 75 cents for at least one month).

Why set it that high? That was my question to midtieroil. Did ERHE just randomly pull nonsense numbers out of the air? I can't think of a SINGLE company who has EVER issued stock options that vest at TEN TIMES the current price. Even if the price was somewhat more than it is now when those options were issued, I still cannot believe any company would issue options with vesting minimums that are that high.

Hence, they certainly CAN BE exercised AND NOT EXPIRE, *IF* SNP came along and said, we're buying you out for a $1.

Then no amount of selling by shareholders at a $1 will bring the stock price down below 75 cents, since you know that SNP is buying you out whether you sell in the market or later when they buy the remaining left over or convert the shares to SNP shares at the set conversion rate which equals $1 per share.

*IF* that is.

Krombacher