Replies to post #335634 on ERHC Energy Inc (ERHE)

[oldoil]

If we were to sellout for a number in the" teens", as you suggest......I believe that negotiation is a non-starter.
Here's why.
Any deal that includes some cash and a carry is much better for shareholders...Just again doing the math. Any of ERHCs blocks that contain a commercial find at 5-10% carry is many times more profitable than a low-ball buyout.

[ssc]

Kudos for a sprinkling of some reality:

Will we ever hit $8,- ? No, of course not. Maybe a 0.0004 % change.
Does that matter for investors? No, of course not.

Not sure of your definition of perceived insider vs real insider, but the SEC has a real defintion of an insider and it treats officers, directors and 10% owners the same:

Transaction reporting by officers, directors and 10% shareholders

Section 16 of the Exchange Act applies to an SEC reporting company's directors and officers, as well as shareholders who own more than 10% of a class of the company's equity securities registered under the Exchange Act. The rules under Section 16 require these “insiders” to report most of their transactions involving the company's equity securities to the SEC within two business days on Forms 3, 4 or 5.