Replies to post #147181 on ERHC Energy Inc (ERHE)

[Lickety Split]

Dane,

They have done BUPKUS. Purchasing shares would be an affirmative action. But, they haven't done that or anything else to show us they are really interested, not as a company and not as individual managers of the company. Bupkus is a fair assessment.

Strass

[2IRAs]

To me, a buyback is equivalent to offering money to the weaker hands to sell out and then expecting the stronger hands to continue holding when the buyback ends. Not exactly fair. Plus that couple million may be the difference between survival and bankruptcy in a few years.

[upatnight]

Would have been a good question. Try as he may Peter was desparately trying to put a great spin on this. They are not going to buy back nothing IMO.

[RUBY1100]

thats only 2.7% O/S

- that wont change too much a year away from first oil
and OIL being out of favor the way it has been

[kobiashi2000]

I'd like to see them buy 50 million shares, that would be about 8% of the shares outstanding and would further decrease the float. These are firesale prices, the oil is going no where, the timeframe has been pushed back yet again, but in a few years as much as it absolutely sickens me to be saying it, you'll wish you bought as much as you could at these prices. I know I'm accummulating weekly here and I think ERHC should be buying up the shares at these prices to.