Replies to post #238539 on ERHC Energy Inc (ERHE)

[vineseeker2]

My opinion is that we will not see any stock deals/sells/mergers etc until Offor regains the 8% of stock used to satisfy First Alantic. This represents almost 20% of Offors holdings and he would not be happy giving the profits on this stock block to the NDIC.
Watch for news on those shares as they will be transfered before any deal. While nothing is going on it dosen't hurt to have the NDIC holding the shares - Offor isn't tying up any of his money getting them back - but if there is some kind of buyout in the works, he will use all his connections to get them back along with their share of any profits from the deal, JMHO