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Gigwoof

05/01/05 2:14 PM

#1906 RE: balance_builder #1901

BB stop concurring with me will ya! People are going to start to whisper things LOL.

Seriously now, thanks for elaborating on your previous post, I could indeed see how "becoming a minority owner of say a PXD subsidiary" might be a possibility BUT I have difficulty reconciling it with what you said this yourself in another (excellent) post:

"You can bet your boots that the oil properties ERHC hopefully secures in the coming days will become VERY VALUABLE going forward."

BTW let's not forget that our very significant rights to these blocks HAVE been secured in international courts and no matter how one slices it, it is safe to say that based on JUST those, "very valuable" might be the understatement of the year.

Let us not forget either that everything, including the book-cleanings and the recent surprise appointment of two prestigious board members, seems to point to a much quicker big board listing that many of us anticipated. Do all this and then sell out? Hmmm.

I understand that lots of scenarii are possible, and I could see how this one would possibly happen in a few years, but not as soon as the proponents of a buyout think. Offor would loose way too much of the power/influence that has taken us to where he is, and where ERHE is. He stands to make FAR more money if he continues on the current path for at least 5 years.

Remember my analogy with Bill Gates? I'm sure some people think I'm nuts, but let's give it 5-10 years and compare fortunes...