ERHC Energy Inc (ERHE)

[Strategyone]

Who is saying the price is good?

Face it, there is no way to make a share price that has fallen from 10 cents to 1/10 of a cent a good thing. Can't wait to see the new perspective if the post-split shares begin falling.

ERHE made mistakes. The "market" made ERHE pay for their mistakes with a heavily discounted share price/ Market Value.

I have suggested multiple times that the market has over reacted to the situation or has not yet reflected the new reality of ERHE in my FEAR-GAP analysis.

I also firmly believe that the market has priced in the reverse split and then some. Yes, the share price will fluctuate and may even go down some after the split takes effect but unless something else dramatically changes one way or the other, there is no basis in the price falling just because of the 1/100 split.

If ERHE announces a better funding source than the CD's that they have stopped selling, the market cap should rebound dramatically to better reflect the asset value.

Face it, just because the price of oil is down, ERHE drilled 5 dry holes in the JDZ and it has taken them 5 long years to get to the point of drilling something else, it doesn't mean the share price will go down forever or to zero.

If they strike commercial oil in 5 months or so and the share price goes up by 1000% or 10,000%, who are you going to give credit to?