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badog

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badog

Re: G-OiL-D post# 25802

Sunday, 02/26/2006 5:33:10 PM

Sunday, February 26, 2006 5:33:10 PM

Post# of 361467
G-Oil-G,
My original fear was Chevron buying Chrome and gaining 42%, then buying an additional 9% on the open market to end up with 51% of EHRE. Don't know what would happen then except maybe pushing the EHRE shares into CVX common stock at an exchange rate applicable at the time.

The reason I would not like it is that they could offer 'Offor' a fabulous deal for Chrome but somehow it would not translate to our stock price. Haven't analyzed the possibilities yet. Not a CPA. Maybe someone else would know. Not even sure if this would be legal...but I do believe it's possible.

Badog
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