ERHC Energy Inc (ERHE)

[midtieroil]

4 months ago on 3/31 ERHC had 1.5 million in cash every cent of which was on hand solely because of the continuing issuance of highly toxic convertible debentures.

What they have on hand right now depends on how many more debentures were issued since then, whether they found another source of cash and whether they have cut their burn rate from over 300,000 per month to something less.

Absent cost cutting and any other source of cash, ERHC would have about 300,000 left right now and would be out of cash by the end of August.

Let's all hope they found some cash somewhere and/or cut costs enough to survive past the end of August.