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Manti

09/30/06 10:47 PM

#76092 RE: tryoty #76082

try: No one is saying that erhe won't get market price for its oil. The contention is that the multiple applied to the sp will be less with the nigerian (offor) factor than it would be with strong oil management... It's quite possible that the sp may never really exceed or perhaps even reach the net cash value (once there is one) if the nigerian factor gets worse due to political instability, etc. On the other hand, big oil and big money tend to like each other, and would feel better about putting the big bucks in something controlled by "their" people rather than EO. I personally am in this for the money, and will vote my shares which ever way will give them the most value... if I ever have a vote, which at this time I don't appear to have.
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Electick

09/30/06 11:56 PM

#76101 RE: tryoty #76082

Thank you for your Chinese expertise. I am glad to know that an offer and acceptance can actually be above market. Not sure how you work this out as not market with a willing buyer and seller I think market price is defined thusly. Go ahead tell me I am wrong again LOL