Replies to post #335456 on ERHC Energy Inc (ERHE)

[Krombacher]

Exactly! At $.0002 the company is valued at $600k. Subtract out the valuation for its tiny well in Texas...and you're under half a million dollars.

And yet all of these expensive lawsuits HAD to be at least a million bucks. Where did ERHC get the money?

Either from Offor...which means that Offor is not diluted to oblivion, or Total...which means Total is interested enough in Block 4 to assist ERHC.

Krombacher

[ssc]

A 10% insider should have access to that kind of information and lots more. Warren Buffet and his access to inside info from various companies he invests in has been cited here many times without dispute.

Of course with a non-reporting company like erhc and controlled by Offor, I suppose it is quite possible that an outsider insider not part of Offors group of friends would be denied any type of access. Probably just a hint of what could happen if erhc is revoked and goes private. I can understand why no one would want to pay more than a few hundredths of a penny/share no matter what type of deal might unfold. Preferred shares, options, reverse splits, anything could be fair game to move any new erhc value into Offor and friends hands.