WallDog...I believe Emeka Offor would consider selling ERHC if the price was right. Most (if any) would likely not be willing to pay said price as I believe Emeka Offor knows the value of what he is holding.
The price today is far far cheaper than it will be after subsequent oil discoveries are made or the current reserve is enlarged via new wells in our acreage. The big boys have to know this as well.
We've dressed ourselves up real perty like. Cleaned up ALL of our "issues" (lawsuits).....removed our long term debt (its much easier for an aquiring oil co to explain to their shareholders that they just bought oil....no debt....no un-needed properties).
Still....I don't believe E. Offor would consider selling for a penny less than he thinks its worth. As we posted yesterday, Offor has set this company up to be almost that of a trust....no development costs and enough cash in our account to keep us going (operational costs) for a multitude of years.
My point: Everybodies got their price IMHO....even our Chairman.
Talk about expanding the catbird seat to make it applicable even after the deals are cut. Brilliant move IMHO. He has always enhanced our position and making us long termable (sorry for that made up word) by the deals made.....he's put us in a position of desireability as a shareholder both with longer term potential and short term potential IMHO.
Well....the KY raised southpaw has the heaviest iron skillet out and in hand so I best spend some time with her today.
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