Replies to post #62167 on ERHC Energy Inc (ERHE)

[Manti]

Fd, I normally agree with most of what you post, but this time I don't. Perhaps you should have put an imo with your comment about a buyin not occuring until clarity of the doj investigation. I really don't think that any foreign company could care less about the doj. We have psc's with the JDA, which is the governing body. I highly doubt that snp or others give a flip about the US political games, and they sure as heck don't need the papers returned to the office to buy shares. Last I looked we're still trading.

[Jim Long]

Regarding the possiblilty of a buyin/buyout.

Instead of coming up with reasons as to why or how this will not happen maybe the approach is to think of ways it can happen.

One method that works every time is a Letter of Intent subject to certain critical conditions. Once it is signed it is as binding as a firm contract. Once all critical
conditions are met within the stipulated time frame then a contract is finalized based upon the negoitiated terms.

It must be remembered that in any ongoing negotiations we have no clue as to the drivers behind any of the parties. We will get what we negotiate and obstacles, such as DOJ issues, can be accommodated in th LOI. A LOI is a final document that leads to its own conclusion, i.e. either a signed contract or the parties part paths.

So to say a buyin/buyout can't happen or will not happen is foolish. We just don't know enough information to make such a bold statement

Jim

[Spec29]

Buyin won't happen until ERHC has...

a better understanding of what's down there, period. All talks have been stopped.