Replies to post #11671 on Addax Petroleum (fka AXC)

[oldoil]

I have knowledge of 3-4 that hold close to 300 Million........not to mention the other 697 thousand stock holders.....just stating another fact...

[midtieroil]

Highly doubtful that convertible debenture holders hang onto any ERHC stock long term. The few that were stuck with more shares than they wanted were forced to file with the SEC. No such filings have occurred recently as hundreds of millions of shares were issued. And every debenture agreement I've seen severely limits the percentage they can hold. There are facts and then there are myths.

[nordicroots]

As the number of shares outstanding increases so do the number of shares tied to the required SEC reporting thresholds. Even so, its still hard to imagine that all those shares being flipped are still being spread thin enough among all the holders (old and new) such that no one is yet required to report per the SEC rules. Do we really have that many "new" minnow shareholders? Do we have accumulators out there interested in wrestling control of the Company from the LT shareholders and they are simply not reporting for the purpose of stealth and surprise? (Que the dramatic music

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[Tamtam]

Sneak attack didn't say "hold 50%" but "control 50%" that is a big difference