ERHC Energy Inc (ERHE)

[ssc]

So it's ok that the toxic debt financing reduced the percentage of ERHC owned by shareholders by about 75%, but now you draw the line? If 3 billion shares are tolerable, why not 5 billion or 9 billion? ERHC needs more cash, stock action says no deals on the table, so more dilution is almost a given.

That's why it was too early to buy "dilution insurance" as a long term strategy. Those who have shares purchased near the lows posted some nice profits if they have already sold. Some are holding for a little more but whether they get it or not is unknown. That explains the campaign of manufactured rumors like t/a not gagged (most ridiculous one of all), big jane/kaboom (most insulting to one's intelligence of all), $40 million in cash EEZ deal (most ludicrous one of all).

As I have said all along, if really interested in owning erhe, wait for the r/s or increase in a/s (or the resulting damage done via ngar takeover/merge), then buy on that dip. It will certainly be entertaining to read the spin when the price drops below .001 again.