Replies to post #299357 on ERHC Energy Inc (ERHE)

[Julius Erving]

I don't get it either. His shares dropped $30M since the share offering when he didn't participate. He screwed himself... all of us, with that move.

I cannot comprehend that none of us, although Strategy comes extremely close, understand what Offor's motives have been and are...

Seek claimed he is (was) prohibited from buying, but I cannot give any credibility to that scenario, certainly not now anymore.

What is going on... man, I want to know.

Caught of guard by the oil glut? Did oil glut deepen the wound, that they thought would be not so severe?

I think that is a possibility. The authorisation of 3BB shares in 2012 was, like I showed, solely related to the expanding plans.

But my question still is open: can Offor get the current convertibles of the market? And if so, why doesn't he do so? Stopping the dilution, is in his best interest.