$1.50 per share offer by Pioneer for %51 of ERHE is what my understanding of the proposal is. This is my first post and I have been following this site since February. I own shares and want price to increase. It is not my intention to pump, just share what information I have gathered from sources outside of this and other blog sites.
Is the talk of a $2 buy-OUT or $2.00 buy-IN,..there is a big difference.
Pioneer buying 51% of ERHE for $2.00 a share would be great but for them to buy us 100% for $2.00 share would end my dream of making 1 million dollars with this stock.
That theory seems pretty remote too. Why would ANYBODY be selling if they thought they could get 5 times the current market price in a few months. As I said before I would take $2 a share in a heartbeat. Besides who really cares why someone is selling? All I care about is whether there is oil in those blocks or not. The share price will take care of itself if there is and if there's a buyout there isn't a whole lot anyone can do about it. If a few key shareholders are on a board it's a done deal no matter what the rest of us think.
Ruby, If people really believed there was a buyout for $2, nobody would be selling now. Even though most would like more for their shares later $2 in a couple of months is better than $.38 now.
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