ERHC Energy Inc (ERHE)

[midtieroil]

Those were in 2003. I didn't own the stock then and didn't buy it until after those were converted and were long gone. ERHC is not going to go up much until after these highly toxic debt instruments are gone. HDY went to 7 after they had jettisoned all their convertibles and warrants, hired new management, and after they had raised $30 million from Blackrock. ERHC can only dream about that type of financing. It was a straight stock sale to one of the largest asset managers in the country. I wonder why Ntephe has been unable to arrange similar financing?

And by the way. Any floor is better than no floor. No floor means an infinite number of shares could be issued. In ERHC's case it would only be billions because that is all that are authorized.