Replies to post #7465 on Addax Petroleum (fka AXC)

[oil-cowboy]

IMO petey and crew have been busy over the last year structuring what's coming.

I don't think they could have spelled things out any clearer for those who care to listen.

I also believe we will surpass 10$ per share IF we hit targeted oil.

[ssc]

Just amazing. On one hand you guys make the argument that the market cap is so small and that ERHC is in such a bad position that even toxic note buyers won't touch it. On the other hand you put them in the position to do mergers and acquisitions. The only capital restructuring and positioning for new investment I have seen is the reverse split and all the now available shares they have to dilute with.

With drilling only "a few weeks away", there isn't even enough buying interest to absorb the leftover toxic debt with the price under 10 cents. The pieces of your puzzle simply don't fit together.