Replies to post #127524 on ERHC Energy Inc (ERHE)

[tryoty]

Thanks Art. That's pretty clear!

[balance_builder]

Art...a great elaboration! That explains alot and does sound quite positive.

[dbernet]

Art,

Quite a conversation, very revealing. Thanks for the post.

IMO also, AIM is the one. I have a couple of concerns though. A quick time frame would mean a lower stock price for the IPO, meaning a larger number of shares for the institutions involved. I am all for growing the company, but I don't want additional shares issued before we at least test Kina, and it would be better after the full 10 well program is executed. Right now our shares are extremely undervalued in my mind, and any dilution at values under several dollars a share will come directly out of current investors pockets.

Buying producing properties with shares may make us look a little better on paper(cash flow, PE, etc), but it is hard to believe that the shares is our current assets in the JDZ would produce assets of anywhere near the equivalent value in a producing asset. ERHC is the JDZ and EEZ assets. Trading our extremely undervalued shares for market valued producing assets is a major mistake. I would be very uncomfortable with a significant IPO before a run up in price.

db

[Homeport]

I hope you'll keep making those phone calls, Art.

Thanks,
HP

[RUBY1100]

"It's all good!" Amen Brother Art

[redinvest]

Art,

Thanks for the intel.

Let's just break this down a touch.

"The listing and the IPO on another exhange would probably follow an
acquisition of some kind. The new company would be a subsidiary of ERHC. Dan added that he does not attend Board meetings and had no knowledge of detailed plans."

Question becomes, why buy a Chevy when we have a new Mercedes in the garage ??

In other words, why make a acquisition when ERHE could simply use The Cayman holdings as the said subsidiary of ERHC energy.

The three letters IPO always get my attention, and I feel we could get the best possible IPO by including our rights in the Blocks 2,3,4. AND, this would not mean we, as shareholders, give up these rights. Instead, we would be given dividend IPO shares depending on the amount of shares we already own.

Dan is careful to admit that he does not attend the BOD meetings. He's not involved in the forward possibility Think Tank. He does, however get the intel after it's decided.

In any regard, IPO IPO IPO, that's what I'm taking about !!

It's all good.

Red

[oil-cowboy]

Nice work Art. Very interesting. EOM