globaloil, this entire arguement is a joke:
"How ERHC Energy responds to any possible offer from RAP.P is not subject to the provisions of the RAP.P prospectus. Any buyout of ERHC would require shareholder approval from a majority of the ERHE shareholders. That means that one of your shares carries the same weight as anyone else's share. Your unwitting theft speculation ends there. Period."
The entity "NGAR" IS ERHC MANAGEMENT. Any representation otherwise is an attempt to hide the truth.
"Any buyout of ERHC would require shareholder approval from a majority of the ERHE shareholders"
So who are the majority? 2.25 billion shares were flooded onto the market last year and a large number of them have not been sold, so who has them? Offor is down to 13%, PN and SO own just under 5%, so who are these shareholders that RECIEVED these billions of shares upon conversion? Why no mandated disclosure of more than 5% ownership?
Is it Sinopec? Are they finally going to tell the world the results of the 5 JDZ wells?
KNOW THIS: the retail market did NOT buy billions of shares of a Nigerian controlled company ahead of a 1 for 100 reverse split. That is exactly what did NOT happen...
I just hope that what really did happen doesn't land this thing in court for a decade or longer. There is a stench that is overpowering with what is going on.