ERHC Energy Inc (ERHE)

[tryoty]

What you are suggesting is nonsense.

Let's say you make $100,000 per year. I want you to take $100,000 and throw it away to insure your paycheck for a month or two.

That's what you are suggesting. The company raised $2M with convertibles that destroyed $75M in market cap (96% of the market cap). That $2M was spent on getting to this drilling at Tarach-1... a small fraction of it went towards salary. IMO, very, very much reduced salaries at that.

With a current market cap of $2M they can't raise enough to buy a happy meal IMO.

More convertibles isn't the answer. More convertibles simply will not work.