IMO, if a deal was rejected and said potential buyers were not happy with the outcome, its no wonder we sit where were at. What would it take to drop us to where we are, 1 mil may be 2.
Chump change for the billions at stake.
You truly have to believe in the rights to keep buying. I thought my 30000 shares were alote 2 years ago...lol. Pushin' 100 000 right now. For being 29 I think its a good amount of shares. My gf thinks I'm nuts.
I think the "deal" Offor turned down was meant to get him out of his direct ownership of ERHC and replace it with indirect ownership. If the "deal" was designed to separate Offor from the company it would have included him stepping down and real oil people put in to run it. It's not a matter of how much he was offered as he wouldn't really be selling.