Replies to post #69965 on ERHC Energy Inc (ERHE)

[Art2004]

To respond to my own post, Offor could get a lot richer holding on to his ERHE shares once there are proven reserves in "our" JDZ blocks than by selling Chrome to Sinopec or another Chinese oil company.

Re: the US vs ERHC, there could be so little real evidence that tangible penalties will never be put forward by the SEC or the DOJ.

[Fishdog]

Frankly, Art ... SEO would gain greater wealth with a Chrome buyout by ERHC using ERHC shares, which we all know to be 'undervalued' at the moment. Heck, while he's at it he'll probably try to pull a few million $$ out too. He'll control the BOD so it would be a no-brainer. Obviously he would then own a majority of the stock which I don't think would sit well with the SEC.

Whether this would be viewed (and intended) as a raid on ERHC coffers would depend on the deal and what assets, exactly, Chrome would bring to the table.

I don't know ........ not saying it will happen - just hearing some distant 'chatter' from across big water and thinkin' out loud for the sake of conversation.