Replies to post #83570 on ERHC Energy Inc (ERHE)

[Art2004]

Rocky. Excellent DD. I think you have answered both Tryoty's and my concern questions with your documents.

Re: Try, Apparently a private placement of restricted shares is legal at whatever price is set and there are no reporting requrements.

Re: Art's question about a controlling interest. Apparently, private placement sales do not have the goal of giving the buyer voting control of the company.

Voting control would come only with a public tender offor or proxy vote.

A buy in to give the buyer a controlling number of shares would essentially be a buy-out. IMHO

[Art2004]

Tryoty and even Dadd,

Try, you devoted a lot of posts to attempt to prove a private sale of stock by a COB at a a price of say $2 would not be legal.

The SEC documents Rocky DD's state that the buyer of such sales would be receiving restricted shares.

Hence, a higher price can be set and no Form 144 reporting is required.

We are all intelligent amateurs on the boards, for the most part.

Any deals, rumored or reported, would be done by professionals.