Replies to post #122007 on ERHC Energy Inc (ERHE)

[balance_builder]

Final speculation: Based on the latest news this is what I see, via dot connecting and logic in our near term future.

ERHE won't be ERHE as stated by several quality posters. Oily posts the final curtain will be in the Rose month or June. Note that this is approximately 1.5 months from the shareholders meeting or about the length of time for a settlement to occur.

The white board helps verify that ERHE won't be ERHE. How: The line that clearly shows a % sign between ERHC and Addax. Further, I continue to believe the lower box states "buy public %". Public???? Who's shares could possibly be considered "non public"???? I can only think of 43% owned by a private company named Chrome???

I have made numerous posts over the years in regards to ERHC purposely keeping the sp down or not giving a rats a _ _ about the sp. Based on the number of the posts I've made on this topic, I surely don't have to remind this board of the St. Patties day PR....the misfilings....the recent non-legible African fishwrap DK put up on our website.... the most recent lack of PR regarding the seismic expaining what it means.....the refusal to hire key officers.....and WB being at the ERHC office (yeah right...just by chance) when the FBI raids it.

Ok...now the explanation of why I believe the co has committed the above acts. I believe the white boards comment of "buy public %" means just that. There will be an offor to purchase all ERHC shares EXCEPT SEO's Chrome shares. SEO will make this proposal to "public" shareholders in the proxy or update to same based on #2 or even #3 of the sh'er meeting agenda. With ERHC management working hard at keeping the sp down.....the "public" shareholders will be much more likely to vote YES to tender their shares than say if the sp was at its true market value of say $3 to $3.50.

Reread the the applicable portion of the filing on the transaction when SEO bought into ERHC:

http://investorshub.advfn.com/boards/read_msg.asp?message_id=27952108

Here's the applicable piece from the 2001 filing:

"if a Majority of Minority Shareholders (as defined below) vote in favor
of, consent to, tender their shares in a tender offer made to all of the shareholders of ERHC, or take other action that results in ERHC (or its successor) having less than 500 shareholders and under clause (ii) above if a Majority of Minority Shareholders vote in favor of re-incorporating ERHC outside the United States.

A "Majority of Minority Shareholders" means a majority of the then outstanding shares of ERHC common stock not owned or controlled by Chrome, management of ERHC, or an affiliate of Chrome or any affiliate of any entity that Chrome owns or controls. Nothing herein shall prohibit Chrome or ERHC from making a tender offer at any time for the shares and/or notes of ERHC that it does not then own."

Recall that we are voting for the 3 same SEO appointed BOD's. Sure seems important to note that Oily made comment of going to a Chrome message board back in 2006. Remember all the talk of ERHC's sp being stepped on....or the "thumb" holding it down? Very relevant and now with motive/purpose intact. After all...who's been running ERHC? Same 3 BOD's since SEO stepped down, right???

SEO made comment about his co going public. He made this comment days after he stepped down as COB of ERHC. Now we have the whiteboard confirming a new entity being formed and it being listed on the TSX. ERHE won't be ERHE????? Will Chrome be the one with the proposal or is Chrome just interested in their current holding of the co? Maybe their partner actually foots the bill of the "public" %? Addax? XOM? Anadarko? Sinopec? Dunno....but there are reasons for anyone of these co's to do so.....OIL. Upside potential would be the greatest with an Addax deal......and we must remember that Addax is somewhat of a minnow itself in terms of size here and they have been a takeover target since their inception/IPO.

Interim CEO Luca's in yesterdays shareholder update PR of:

"As we have consistently stated, ERHC's management continues to explore options, proposals and prospects that might advance the interests of the Company and our shareholders."

....almost sounds like an urgent need to tell shareholders that they've said this before....reminding shareholders that the whiteboard isn't new news.....and that its something they've been consistantly telling us.

The motive is there which clearly explains YEARS of this co's BS toward its shareholders. Might it also explain Mongo or Greedymalone who arrived shortly after the 2/01 transaction of SEO taking a hefty stake in ERHC???

Would a tender for our shares (read: Public %) be a fair deal? Yeppers....IMHO. That is why the shareholder meeting filing talks about the importance of each shareholder voting. These votes WILL count as the largest shareholder will be exepmt from voting since it will be his proposal we'll be voting on. But still....the tender sp will have to be sufficient enough to seem fair....in order to get the YES vote approved. I like Oilphant and Richkans suggestion of a tender price and I believe that would do the trick....all with help from the Co's years of dis-service to its shareholders. Will it be worth it all if it comes down as described above? That will be up to each investors opinion. I invested here to pay for my childrens college eductions and it'll do that. There are much larger shareholders than myself on this board but NONE that ERHC's success matters more to than myself.

Yes, the whiteboard and its post events should have given us all a clue on ERHC and where it stands in terms of its shareholders. Dan Keeney's initial fabrication of the whiteboard as a representive of this company spoke loudly to this shareholder but I was glad to see Luca address/handle it in a professional manner knowing the whiteboard spoke the truth. The co's 1-15-08 CC was also a giveaway IMHO when Peter spoke regarding buyins/buyouts. Way too much emphasis put on the comments for there to be no substance IMHO.

There is an extremely "cool" group of investors in this stock that frequent this stock board. Probably alot of friends of friends of the shooters that put this together with SEO.

http://ragingbull.quote.com/mboard/boards.cgi?board=ERHC&board=ERHC&read=97335&submit=Go&startfrom=&numposts=60

The green sure is fun. The above synopsis is conjecture based on events that have occured over the years and into the past few days.

I know I'll be making one additional post to add clarity to the above described thoughts. Lets enjoy.....and appreciate the end of the day coat tail effects I believe we'll see (end of day with Oily's rose in hand).

[spidermonkey]

*The rise in share price is easy to explain*...

From yesterday's press release...

"Stories featuring ERHC Energy have already appeared in a number of trade publications."

We will experience a rise in share price all the way until drilling, imo. Word is getting out my friends and other oil companies are hearing about our minnow, which helps us in two major ways...
1)A steady rise in share price
2)More companies are finding out about our minnow and considering buying erhe out!

the true value of erhe will soon emerge!