Replies to post #169430 on ERHC Energy Inc (ERHE)

[dbernet]

Let's see.

I have a controlling interest in, say, Chevron. So I have my girl friend buy the company for 50 bucks and benefits.

Could happen. You are right to be concerned.

db

[dbernet]

With 2 billion is cash the company would trade close to cash per share, just under 3 bucks per share. Would provide you an excellent time to sell, about 5X your current position if you don't approve of the company's outlook. What is not to like?

db

[Tamtam]

emdyal, maybe it would be wise to read the companies 10Q's, SEC rules and do some more DD before you state anything so you would know how much cash the company has and that it's 5% that an owner of stock has to be reported to the SEC.
Actually if one reads your history of posting it becomes clear that you don't read the companies filings,letters to shareholders,updates etc

[cayman08]

I have never wanted management to invest in anything except the development of our rights.
Why can't we stay as an oil cash cow?
We have little expense, need just a handful of employees, and have no equipment costs or leases. Lets keep ERHE lean. I want dividends, lots and lots of dividends. When oil is flowing to the refineries there will be hundreds of millions of dollars filling our coffers. There will be very little chance that management can find any deals that will be as sweet as the one we already have. Pay me dividends and I will decide what I want to invest in.
Cash is King. Lets use it wisely and not let ego and greed attempt to mess up what is already a rather perfect plan.
Oil equals power, in energy and more importantly in shaping politics.
ERHE is a player with some kick. I feel it would not be in our best interest to dilute it.
C