Replies to post #194557 on ERHC Energy Inc (ERHE)

[Hyde]

This does look to be some type orderly transfer of shares this past three days -- increased volume and no price action.

JMO

[mz157]

why a higher buyout price??? no logic behind that - they already would have the shares and therefore only need to buy the remaining O/S which they would want to do for as little as possible.

[Lugheads1957]

Well, the dot connectors were unanimous that SNP had bought millions of shares in the high $.80s right after PSCs were signed, so with the current purchasing going on by China, we should be seeing SEC documents any day now.

I'll keep an eye out for the filings. http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ERHE select the FILINGS tab

As for the current volume, I remember the regular trading days used to be higher than this - for months on end, almost always over a million. Today's volume would have been considered a light day. And that was when there were fewer shares out by the company too. We aren't really approaching what I would consider to be an active day, but yes it is more shares moving around that we generally see any more. Personally, I don't read a whole lot into this volume, but I do note the change. Hopefully it is indicative of something else going on, and hopefully that something is positive.

JMO.

Edit - chart volume from 2003 to 2007 and compare to current.