IMO, NGAR was set up to purchase ERHC. To meet TSX listing requirements a share price of $0.0035 is not an option, so there is a reverse split-merger thingy coming.
All I care about is the only thing anyone should care about... I own x% of ERHC. After the transaction I had better own x% of NGAR or the gloves come off.
Ntephe is a smart man, he can make this work to everyone's advantage.