Sorry Strass,it's not a tactic of mine just wanted to say my opinion because I always see here people question BOD, management,CEO's and other but NEVER write a mail,go to a shareholders meeting or presentation and ask to those people themselves.Forgive me if I didn't see your question(still don't see it) and not have answered.
I can't tell you how they will pay, if I knew I wouldn't be sitting here.I do realise however there are different ways and stated that in my post but possibly you didn't see that. If other companies can find money ERHC can, didn't ADDAX made a billion dollar loan for acquisitions?
I refuse to believe and stated that SEO will allow dillution, what's not good for us is not good for him either, we can loose perhaps 10's of K's SEO will loose millions.Let's not forget he will have less % interest in the company if there is dillution
I do sidestep the answer because I'm not educated enough( no expert in corporate finance) to give a proper answer (who is here on the board) agree it deserves a discussion but a better start is to ask David Bovell who's job it is or DK
Concerning the acquisition(s) there are 2 possibilities IMO
1.they do them alone (like Afren did) and have to find the money, maybe the reason why ERHC presented at the GCI Show 2009 in London.
The credit crisis considerably constrained our ability to secure funding for the planned acquisitions
2.ERHC goes in a consortium which will find the money easier
We are exploring possibilities for strategic alliances with our technical partners on future initiatives
Tamtam
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