Replies to post #224952 on ERHC Energy Inc (ERHE)

[stocks2rise]

What would they care if the stock was diluted if they get control of the company and take it private? I wonder if Offor got tired of all the bickering as well and decided to just take it over. He could do so with very little money if they keep doing what they are doing! SEC might have a problem with it though if they found out the real reason. Pass the Valium please.

[brez63]

Krom,
He could also give the shares to like minded persons. If for instance a total of 200,000,000 shares @.25 were produced and sold to various Chinese companies that are really Government controlled. Now SEO and the Chinese would own 508 M of 923M or 55%.

If the company is then sold at $5 SP or $4.6B, the individual Chinese companies would be able to show a great profit in their business dealings. I don't know if this type of shell game would be advantageous somehow to funelling funds to Chinese Companies via Chinese Government, but nothing would surprise me! But then again, I think anyone could step up with $5/share offer and I bet it would be a 98% acceptance!

Cheers
Brez

[seek the light]

see post 224937.

[midtieroil]

I'm not sure I buy that these shares are being issued to get to 50%. A vote will be required no matter what and when you control a large enough percentage even if it's under 50% you control the vote.

[amj23]

that's why you don't need to waste your time thinking about more shares. you guys need to read the takeover provision and you will see the explanation. offor will not let that happen and its pretty much done. so think what you will, I dont care who got the shares and I only care about why.

seek the light is right, can't see the forrest for the trees, but i will say, the way this company has done everything, they put a lot of tress in the way.

feltang exercising

takeover provision

change of control in 10ka

blackout

employees on monthly basis

new board elected, we didn't have enough board members

offor will not stand to have his stock devalued unless he knows the end game, for the 10th time today. rodman and renshaw is an investment banking firm, a wharehouse for shares of companies, no on eis going to buy those shares if they think it is diluted. would you give someone 2 million with an option for 4 million if you thought your shares and money were in danger. they are not idiots.

think about it guys.

this has nothing to do with the aim. our aim listing is an adr, a dual listing. the os shares are only listed there as another means to sell the SAME shares.

I am only waiting on the real news, not all this hocus pocus.

[Nightdaytrader]

Krombacher, don't you think SEO has friends who also own this stock? You make it sound like he only owns 308M shares... I bet his friends own some... Also, what about that Nigerian Bank, First Atlantic Bank PLC? My etrade acct still shows them owning 60M shares...

I think SEO controls way more than 308M shares...

JMHO.

ND9