Another route (to maintain U.S. backing of ERHE in the world oil marketplace) would be a 1 for 10 reverse split and a move to NASDAQ. ERHE would automatically qualify for the Russell 2000 and be in a bigger market than even the London Stock Exchange whom may be acquired by NASDAQ.
Strat: I think the Nigerian board members are like the FAB deal and the debt for equity conversion. Offor is doing the bare minimum to make the company legal in every way with the US securities laws while keeping it as Nigerian as possible. Call it patriotism. Call it affirmative action. Call it what you want, but he's doing this for Nigeria and himself. We're just along for the ride. And I don't mind at all. I'm free to get off at any time I so choose, as are all of us.
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