ERHC has not been able to get an AIM listing and is very questionable about how much capital they would be able to raise even if they had one. I still think that the rights offering is about their only choice now. I can't say I love it but I also can't offer any better solution. They are doing what they have to do. I can't fault them for that. I just which they had done more sooner.
Your post baffled me as you stated the AIM shares will also entitle the owners to some shares of ERHC. Are you saying the AIM shares are a different class of stock from common ERHC stock which we all currently own or are you saying the AIM shares would have warrants attached?
If ERHC lists on AIM, then IMO the shares they issue are just more of the exact same shares we current stockholders own and give them exactly the same rights to ALL ERHC assets as we currently own.
TIA for a clarification if I am missing something.
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