Replies to post #5261 on ERHC Energy Inc (ERHE)

[magicatlast]

My preference for financing would be for the partners to take an equity position in ERHE at market value on the stock. That said, I do not see it happening that way. My logic says there is a private placement with an unrelated third party. Some here question my logic, which is not a problem for me. The "pre-emptive rights" things does not apply, imo. If the company were going to do a secondary offering on the open market, it might come into play, but it is not a precondition to a private placement of equity for operating capital.(fact)

mostly jmo, Magic

[Gigwoof]

Thanks SH. My point is very simple, and I'm sorry I didn't make that more clear.

Your assertion, which you just repeated is that we need financing. What you are talking about is really a few million dollars, right? My understanding is that Offor has that, and much more, in the bank. In addition, Chrome is a company that MAKES money, and lots of it, through its existing operations in Nigeria. Right there we have two obvious sources. Offor has several other lines of business which he could sell, etc.

I am NOT saying that Offor won't resort again to that shady Chrome financing of ERHE. In fact I wouldn't be surprised if he did, and just like you, I wouldn't like it one bit.

(You've got mail.)