Replies to post #296772 on ERHC Energy Inc (ERHE)

[Krombacher]

you said:

With world gaming, just like the erhe run to $1, human nature resulted in many bagholders who didn't take profits. So buyout vs. over exuberant runup and subsequent crash are very different topics. One is like a pyramid scheme while the other would represent actual value and shareholder profits. But you already know all this, so I guess you got me again.

It's interesting that the "message of the market" is suspended in an "exuberant run-up" on the way up...but when the share price falls due to irrational fear over convertible debt and oil prices, the market then has a message.

There is no actual value and shareholder profits...we have no assets on the balance sheet to speak of and certainly no profits...never really was.

So I guess there's no message of the market either. All there is, is just exuberant runups or irrational fear selling. That's it.

Deloitte was brought in to figure out the true value of the company based on information the market doesn't have...like the seismic in Kenya or the released drilling data by SNP, which surely has been released by now, if not to us the public, then through permission to ERHC to release it to other parties...like CEPSA or Deloitte.

Deloitte will ascertain the true value and likely give some sort of fairness opinion to a buy out price...if that scenario of a buyout holds true.

Krombacher