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Dadd

03/22/09 11:31 PM

#155904 RE: bblack #155903

I don't recall a fairness opinion during the sale/trade of ERHC's percents for cash. There may have been one, but in fact the boards of each company involved had to approve each deal, which they did. Sinopec may have an agency do this at some point, but the redchip snafu I feel can't be used given the number of mistakes that they used. Try brought many of these up, and had quite a few points on it. But what do I know. I am just along for the ride!

Dadd
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tryoty

03/23/09 9:16 AM

#155933 RE: bblack #155903

bblack, Emeka Offor has not spect the last 7 years of his life holding and defending these assets only to sell them 6 month before drilling. He controls the majority of shares.

These assets aren't going anywhere anytime soon unless Offor signs off on it. If he does swap out it would likely be one JDZ block for a Taq-taq or similar.
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littleBitmoore1

03/23/09 9:45 AM

#155951 RE: bblack #155903

IF IF IF erhe sells 100 million shares to a group of friends as you put it, it will NOT be for your lowball figure. Drilling is imminent. In at least 3 blocks in the next 12 months. Great drillship with DP. Would sell for a much higher price, imo.

lbm1
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Digdeepforsweet

03/23/09 9:50 AM

#155955 RE: bblack #155903

bblack... why don't you put IT out there what you really what to say...we've heard it all before so this could be interesting...tia glta. Dig.
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Lickety Split

03/23/09 9:54 AM

#155959 RE: bblack #155903

bblack,

What company in their right mind would use the RC analyst report for anything. Any company seriously interested in climbing onboard for millions would do their own research or hire outsiders for their own protection. Suggesting that the Red Chip report could be used for any purpose outside of small individual investors does not carry a lot of credibility.

Strass - JMO