Homeport: There won't be any dilution imo. All these posters who are speculating dilution are in that frame of mind because that is the way MOST otc companies operate. THIS IS NO TYPICAL PENNY STOCK. Consider a few points:
1) What are erhe's AWARDS worth? Didn't numerous companies just bid hundreds of millions of dollars just to be considered for a portion of these awards? Didn't xom send a TEAM of TOP LEVEL NEGOTIATORS to Abuja for WEEKS to try and gain control of these blocks? If it was just small stuff they could have used email.
2) Nigerians control over 50% of erhe through Offor and First Atlantic Bank (FAB). This positions erhe to receive more favorable treatment than other companies in the upcoming Nigerian EEZ. It qualifies them as an indie, and 10% of ALL Nigerian EEZ blocks are MANDATED to be given to an indie. They won't jeopardize this trump card.
3) Most of the moaning and complaining is from those wanting to SELL their shares. This is an INVESTMENT grade stock. Take a look at the big picture. As I stated before, someone is ACCUMULATING. Join them. Once they've dried up all the free trading shares the price will rise... I've been buying from .90 to .305, and still want more, so for me, the lower the price the more I can add. If it goes up, the only way I can add is to trade them, which is difficult for me, so I mostly just hold. I've got time.
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