Replies to post #201818 on ERHC Energy Inc (ERHE)

[tryoty]

True, but can they buy 36M through Addax, and another 36M through another entity, etc?

I don't think Sinopec is the source of this. With sustained buying of a million shares each day it would take them over a month to reach the limit, and I don't think there are 36M shares for sale unless they ran it to multi-dollars. Saving $20M on a multi-billion dollar deal isn't worth the headache, IMO.

[midtieroil]

Actually they can buy considerably more than 5% before reporting. They can buy 5% PLUS however many shares they can buy in the next 10 days before the 13d is due. They have to report 10 days after they reach the 5% plateau.