Replies to post #17413 on Addax Petroleum (fka AXC)

[Tamtam]

For very little cash you have a chance to get your money back. agree on that.

[Opus X]

Correct. I have many shares but decided to buy two million more shares today.

As LMLT has said many times over 1/2 of the nearly 3 billion outstanding shares are owned by a loose knit group which I’m part of. Those shares won’t be cheap. ERHE “ain’t” got the capital.

[sneak-attack]

Manuel, maybe you should read the post again. I never said ERHE had purchased 50% of yesterday's trading.

"Do your own "DD" why you have to be joking, as I am quite sure you jest. I have been with ERHE for 20 years and I have never left this board or the defence of ERHE'S Assets through the good times and the bad times.

However, I was referring to how ERHE might pay back Starcrest for any money that they may have been lending to ERHE in order to stay afloat.
Maybe that info is stated in the MOU with Starcrest.

It was reported that ERHE was interested in financing their legal fees with and outside concern. How was ERHE going to pay back the financing? Cash from the sale of EEZ block 4 or maybe as in past dealings by issuing shares.

Who stand to gain the most from getting paid in shares?

ERHE can not issue shares unless they buy back share as they only have about 120 million left to issue if the outstanding share count is correct.

In any event, those in the "Circle of Trust" like myself have a somewhat beter understand of what maybe going on behind the scene via several paid news subscription service publications that cover the Hydrocarbon Industry.

Please conduct your own research in case I am Mistaken.

Just some Food for Thought! I know who purchased 42% of yesterday's shares!

Have a Great Weekend.

Sneak-attack