ERHC Energy Inc (ERHE)

[Krombacher]

I don't see how there could be any toxic capital so long as a reverse split or an increase in a/s is not in the works...and we know that for there to be an R/S or increase in A/S, they would need to start months ahead of time...mailing proxies, getting votes, etc.

Since they haven't started and with August CD becoming eligible...I can only conclude that...

...first, there won't be any more CD's issued (especially since that option was glaringly left out in Ntephe's update)...

...second, they may very well pay off the remaining CDs before they convert...from money attained from any number of irons in the fire...from the EEZ to Mercom in Chad to you name it.


If the above two things weren't true then we would have had to have something mailed to us by now indicating an R/S.

Therefore, logically we must conclude that ERHC got or is getting some money and possibly using it to eliminate existing CDs and/or not issue new ones.