Replies to post #323759 on ERHC Energy Inc (ERHE)

[Krombacher]

Yeah, but most of that $13 million might vaporize.

Krombacher

[Krombacher]

Why not...

...buy the company for $600k...then the entity buying it will be able to declare bankruptcy without any resistance from management. Debt vaporizes.

Krombacher

[Krombacher]

Which leads me to the emdyal question of the year!

Were "some" hired by "the powers that be" to highlight "incompetent management" so that "powers that be" could buy the company for $600k????

Krombacher

[Krombacher]

Dude,

here's the deal...

the millions owed to CEPSA is ACCRUING INTEREST.

See?

"Financed carry"

Krombacher

[Krombacher]

All of this time...

...CEPSA had ample opportunity to drop ERHC.

But to our knowledge, they haven't.

Hence, maybe all of this time...

...CEPSA has been gobbling up cheap shares?

Someone bought the BILLIONS of shares that were sold by the CN holders.

Who? Surely CEPSA doesn't mind spending $300 to $600k to gobble up ERHC as opposed to countless months of bureaucratic red tape in Kenya, right?

But to get all those shares for $.0002, CEPSA has to not only buy shares from the CN holders but also convince existing shareholders not to buy more shares...but sell their shares to CEPSA instead.

Must be very frustrating for CEPSA...to the point that CEPSA must have hired "some".

Krombacher