Replies to post #306651 on ERHC Energy Inc (ERHE)

[lovemelongtime]

That's a viable scenario, the key as you said are the players, Tony Henshaw for sure!!

[globaloil]

Further Explanation of my speculative working hypothesis...

The CPC process for NGAR/ERHE:

1. Incorporate the shell company - done

2. File the prospectus to take the company public - done

3. Hire a broker - done

4. Complete/close the offering - planned

5. Obtain the CPC listing (i.e., NGAR.P) - pending completion of prior steps

5. Identify the "Qualifying Transaction" (QT)

6. File QT statement with TSXV for minimum listing req's and await approval

7. Arrange private placement funding (earnest money for acquisition of ERHC Energy)

8. QT closes and NGAR.P becomes NGAR

9. OER merges with NGAR in a stock-for-stock trade (at negotiated ratio)

[emdyal]

So the bottom line is that ERHC shareholders have their assets stolen as the ERHC assets get bought out and transferred to another entity for an insult of fraction of their true value !

Difficult to believe that Ntephe et al would not be legally culpable by having engineered the whole share price destruction of ERHC and being connected to NGAR ?