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Lickety Split

12/01/06 7:34 AM

#82571 RE: Spec29 #82561

Spec,

What I have not seen speculated since the News is the idea that Starcrest would absorb ERHC vice the other way around. This, to me, would seem the most logical thinking by SEO in order to take the company out of the grips of the U.S. SEC and related regulatory requirements and turn the whole thing into a Nigerian INDI with Addax as the backing partner. Then, many of the legal problems start to dissolve away, IMO. There is more leverage, from stricktly a nigerian point of view to take it down that way, retain all rights under Nigerian control vice fooling with U.S. Laws. I have no information that suggest this course of action but wanted to provide a counter point to the boards thinking.

Strass