ERHC Energy Inc (ERHE)

[ssc]

What if the shareholders are the cat?

The company has stated its plans:
They WILL keep Chad
They WILL raise the money to do so
Convertible debt is the best source available to them at this time
The fund raising continues
They need over $10 million - they planned on spending it in 2014 according to the slides referenced by Keeney
Because of the current environment for oil exploration it is a very challenging time to be attempting to do this

So answer 1 question: Do you honestly believe the convertible fund raising has not gone above what was included in the last 10-Q?