Replies to post #236841 on ERHC Energy Inc (ERHE)

[amj23]

a majority shareholder would always get an offer for "his shares" without him any buyer would be pi**in in the wind. without him, they have no deal. he owns 43%, but you have the nigerian bank shares and others who vote with him. that's why, you would need at least 51%, i bet they would have it, but only with offor. "refer to the filings"

a recent case, which made case law regarding majority control, John Q. Hammons, hotelier, majority owner, made a sale of his shares and then the offer was tendered to other stockholder's, without John, no deal. the deal was not made known until a deal had been struck, perfectly legal. he was sued by a few minority shareholder's, John won. that deal was very fair to all, fascinating reading.

[seek the light]

exceo....Offor and his friends own control. No company is going to try a hostile takeover and no company would want to be a minority holder with Offor and his pals controlling the company. Thus, he has to make a deal first and then the buyer offers to the company to buy the remaining shares. In other words, there is no deal until Offor gets his price,mo.