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Iceking

03/31/08 8:50 AM

#123018 RE: balance_builder #123014

The Eurasia Group has no track record as an investment firm. The firm mainly advises on political risk and analyzes political economics.
This is from their website http://www.eurasiagroup.net/about/:
Eurasia Group is the world's leading global political risk advisory and consulting firm. We cover political, social, security and economic developments worldwide. Our coverage is organized into four geographic practices — Asia, Europe & Eurasia, Latin America, Middle East & Africa— a Global Macro Practice Group and a Transnational Issues Practice Group. We offer our clients Advisory Services, Publications and Tailored Consulting, as well as direct access to Eurasia Group analysts. Our analysts cover political developments and their impact on business and financial markets on a daily basis. Eurasia Group also provides Programming Services that enable multinational companies to engage in direct dialogue with leaders from around the world.

The Global Political Risk Index (GPRI) is the first qualitative comparative political and economic stability index designed specifically to measure stability in emerging markets. Developed over a five-year period by experts in transitional politics and economics, the methodology enables our in-country researchers to track new developments on a daily basis. The research provides an "early warning" system which helps anticipate critical trends and provides a measure for country capacity to withstand political, economic, security, and social shocks.
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bayfisherii

03/31/08 8:52 AM

#123019 RE: balance_builder #123014

In respect to your last post, I as with many of us think that there is a chance that the company(ERHC) is going to try to remove public shareholders at a price they deem appropriate for us. Whether that is $3.50 per share or $6.00 per share.

Obviously this would fit into some larger plan whereby SEO and the buy-out entity would be able to cut some astronomical deal.

I must assume that they feel there is some number out there that if they buy us out at that price per share then public redress would be limited.

I for one would like to make my own decision on when to get out of this stock and not have it made for me.

I will not be able to attend the shareholders meeting but hope my fellow shareholders make it plain to management that if and when they try to take us out they will have a fight on their hands. This is still a public company and it is registered in the US and as such is under the US judicial system.

Hopefully we are all wrong about this possible contention but I do not see that it would hurt for the shareholders that are at the meeting to let them know we will fight a buy-out of public shares.
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oil-cowboy

03/31/08 8:58 AM

#123020 RE: balance_builder #123014

IMO "if" there is an offer for the public %, they would give an option to re-invest that money in the new found company. Thats the gist I got out of the whiteboard anyway, is that it was clear a new company or enitity was to be formed.

If they didn't give investors the opportunity to see upside from this investment than they know very well they have problems.. big time. Unless this deal involved Exxon, then all bets are off. Their as crooked as they come with the gov't in there pocket. Seems funny the company becomes more public and communicative, then turns around to screw you. Doesn't make sense to me.

My backup plan is to invest in Addax if we get bought out. I will watch my money double or triple with Jean Claude et all.
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RUBY1100

03/31/08 9:08 AM

#123022 RE: balance_builder #123014

BB I must disagree ""ERHC Energy's annual report for 2007 has been completed and is also being sent to shareholders of record as of March 17, 2008. The annual report extends the Company's theme, 'Deep Opportunity.' The annual report continues our telling of the ERHC story and we encourage you to pass it along to others. "

They encourage us to PASS their report on to others???

and then you feel they will somehow disenfranchise us ?

Cant see it