... if the market continues to refuse valuing erhc at a penny... then there's a lot of value for Offor to buy shares up to a penny next month... he would want to gobble up as many sub penny shares as possible.
Krom I agree with most of your assessment.I do question the amount Block 4 might be worth as Block 11 EEz was only sold (valued?) at 4 million why I don't know. IMO there is a disconnect between the Kosmos court case of 500 million against ERHC's supposed renegation of Kosmos's claim on Block 4 negotiations. This dollar amount of retaliation seems an intimidating assault against ERHC to back them down from their quest to accept other offers on the block. Having said that I have no idea what Block 4 might be worth. But when there is competition for the Block it might certainly be worth more than 4 million. I am hoping for a far better result than 4 million from Total as it appears they might have the upper hand on gaining Block 4.....OR a great buy out with a % of block 4 retained by ERHC.
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