ERHC Energy Inc (ERHE)

[ssc]

Always interesting to watch dilution coming into the market. Will buyers step up and support the latest low? Will VFIN start hitting the bid or just go back into hiding because the buying interest is so low? If price hits 6 cents, then remaining toxic debt can be converted in the .03 - .04 range and the toxic spiral will be in motion again. If no new debt has been issued, then there's only about $300,000 to convert - about 6 million shares at current prices but could quickly become double that number if the price drops. Fascinating stuff.