Replies to post #266767 on ERHC Energy Inc (ERHE)

[Krombacher]

We would need to get the ratio (if not 1:1) to do the math, and we don't yet know all the specifics...once we know, we can do the math.

Also, what I'm hearing you say is:

But it is far better for ERHC to have the two years work with payable with cash on hand to get the best deal.

No major news (probably) for 2 years.

btw, you are probably addressing others, but from where I stand, I want to make clear that at no point did I suggest of "secret news" or "hidden news"... I hope I am clear with what I am stating.

Krombacher - the above may be wrong.

[Krombacher]

Do you have any idea as to whether the rights will be transferable?

That could solve the IRA problem, if shareholders can sell their rights to someone else from within their IRAs and use the proceeds to buy shares in their IRAs on the open market.

Otherwise how can shareholders exercise their stock rights if they can't fund their IRAs due to the statutory annual limits?

Thanks,

Krombacher the above may be wrong

[Krombacher]

One way or another it's going to happen because it must happen.

They need the money to operate, have a stronger negotiating position so as not to be "begging and desperate for JV farm-in at any cost", and pay for sig bonuses, fees, etc. for potential new and existing properties.

Plus Chrome wants it.

There's nothing that I can say to sound any warnings...the deal is probably done and the investment bankers have probably already charged their fees...I wonder if their advisers are the same bankers issuing the rights?

So let's get it over with already and get the terms of this deal going and out for us to understand...at least they are "testing the waters" and doing it piecemeal...maybe good lessons will be learned at minimal cost.

Krombacher - the above may be wrong.