ERHC Energy Inc (ERHE)

[ssc]

While finding wisdom in anything PN or SO do is kind of a stretch considering where their leadership has brought the company and its share price. Now Offor/Chrome is a different story. Maybe they converted when Krom started his campaign to vote down any attempt to reverse split the stock. That way Offor/Chrome would maintain their same level of voting power and make sure the reverse split, if needed, would be approved. Offor understands that if/when the a/s are maxed out, without a reverse split or increase in a/s the company would have no way to raise capital and might be forced to default on outstanding notes including his, maybe even be forced to wind up the whole thing. Wouldn't want to be put in that situation.