Replies to post #331807 on ERHC Energy Inc (ERHE)

[nwtf]

Sister company??????

[ssc]

Surely no one is trying to say that Addax was bought out for a 100,000% premium, are they? That would be a ludicrous falsification, yes?

[manuel06]

Krom
You were comparing the Sinopec/ Addax buyout with ERHC's position?
Sinopec bought Addax for 4 to 5 times their ( 5 x) $ 10.00 listing, or,
(4 x) premium to $ 12.13 price at buy out deal ($ 52.80 per share ). That would be a 400- 500 % gain....and that was huge and oil, and oil companies were in favor in the market at that time. Nice gain on my money there. But the Gains for ERHC,you are implying, or were implying is an Astral fantacy....to the moon Alice!
Most here would be extatic to get their invested money back! IMO

Baz

https://www.reuters.com/article/us-addax-sinopec/chinas-sinopec-to-buy-addax-for-c8-27-billion-idUSTRE55N59I20090625