Am I the only one that thinks that ERHE should be concentrating on the "jewel" of the company and only be pushing THAT asset to the public and not confusing this great asset with all this subsidiary talk. Peter's latest interview was confusing to me, who follows the company's activities religiously. This subsidiary talk MUST really be confusing to outsiders!!!
Then there is the question of "financing" this new asset. I don't see how they are going to do it. Are they going to put the company deep in debt? Are they going to float more shares and dilute present shareholders equity? There is no free lunch. I just don't like this whole idea. I wish they would just get back to basics and SCREAM AND SHOUT about the JDZ and EEZ where ALL of their value is. How much value will this subsidiary add to the company's currents assets in the JDZ and EEZ. 2%? 3%? Is that worth discussing when you have these incredible oil rights in the GOG?
In my eyes this subsidiary is lots of smoke and mirrors where the JDZ is for real. Why isn't ERHC concentrating on the real deal. Again, this subsidiary thing is just confusing to those who are trying to learn about ERHC.
Am I the only one with these doubts?
Ps: No, I am not trying to get cheap shares, just venting what I believe. I have stated this position over and over while the board lives in dreamland thinking this subsidiary is the best thing since slice bread. BTW, I will get my cheap shares if the financing is what I expect the financing to be, which will "over in cumber" the company.
... and to quote Mick, "You can't always get what you want... but if you try sometimes, you just might find ... you get what you need."
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