ERHC Energy Inc (ERHE)

[midtieroil]

The convertible debentures, if converted today, would be way less than 4 cents. So, I don't know how anyone can possibly say future rounds of financing won't be at or below that price. And you know what, that is OK. You do what you need to do in order to stay alive and drill as many wells as possible because the odds are against finding oil in a single well. That is as true for Taipan or Swala or Tower or Camac or Simba as it is for ERHC. ALL these small exploration companies in Kenya and everywhere else have the exact same problems when in comes to financing and drilling as many wells as possible so I don't understand why anyone would not want to discuss it openly and honestly.

I am really not that interested in black blobs and how many seismic camps there are and what that means. Or who is shorting the stock or is not. However I am interested in how ERHC will be financed, how much dilution that will cause and what the geologic probabilities of success are for each well drilled. To me, that is what investors looking at this investment openly and honestly should be eager to discuss.