Actually, I don't disagree with anything you just said.
I've been saying the same thing.
The share price is undervalued because of the uncertainty of the deal between Kosmos and Total to move forward on the DONE DEAL between Total and ERHC.
Add in the fact that we have the possibility of revocation, the silence necessary for such resolutions to near completion...
... and it is actually quite amazing that the market values the company many times the Kosmos deal valuation of $700k/$.0002 a share.