Replies to post #340730 on ERHC Energy Inc (ERHE)

[lovemelongtime]

Why is it so frightening to admit this ,Quote - Offor and friends are trying to protect their investment. This investment you talk about was protected as you say by Offor and friends with legal fees for litigation spanning 2 continents over a 3 year period for just one block in the EEZ . The cost and legal fees for this 3 year litigation cost more than the entire value of Offors Erhe company. OWN IT !!!

[Julius Erving]

Badog, lot's of open questions for you...

Please give us your indepth view, because "looking at the share price" is not considered DD when a company is not providing any information, obviously.

SSC, thanks for your ongoing extraordinary interest in ERHC, as we Longs are also highly interested in ERHC.

"The other 2.6 billion shares is just a guess."

Well, what is your guess? Are there other options than the already mentioned ones?

*Offor and friends
*Friends of friends of 'Offor and friends'
*ERHC Management
*TOTAL (or another oil company)
*Longs
*Shorts
*retail investors

The other options are...?

And what is the most obvious option, or combination?

So why the fight over a block and for whom did they fight it? Simple. Offor and friends are trying to protect their investment(...)

"The other 2.6 billion shares is just a guess."

Provide us with all the other options that haven't been mentioned yet.

If it is just a guess, your suggestion is that it is very likely a combination of all options? All the above own a minority percentage of shares?

If so, then I ask myself:

If Offor and friends are trying to protect their investment, then why did they not buy lot's of ERHC shares while those shares still could have been picked up in large amounts at bottom prices? We now have a recent statement on SEO's net worth, buying ERHC shares would have been small change for him ($100K per billion shares). Right?

Why take the incredible hassle of going through the lengthy litigation trajectory, while at the same time NOT do the easy part: placing an ERHC buy order...?

Does this sound as common sense? Why did 'Offor and friends' abstain from putting in that 'buy' order at that time, while at the same time go through the litigation trajectory to protect "their investment"?

($200.000 is just 0.0034% of $5.8 billion)

What would have been the easier option if SEO wanted to 'sideline' the "outside investors": start up a privatisation process (via revocation, lol)... or just buying up all shares, and monitize his interest later, on the open market?

Well...?

Badog, feel free to chime in here with your indepth view on this.