Addax Petroleum (fka AXC)

[ssc]

So the theme this weekend seems to be what a great position ERHC and its shareholders are in. lol. So with all this new found "strength", why has the price of dilution fallen to .0125? Why are PN and SO continuing to issue new toxic debt and allowing their own investment to be diluted at a small fraction of what they paid for their own shares?

At the current toxic conversion rate, every $1 million raised equals 80 million new, dilutive shares issued. Put another way, every $1 million raised dilutes current investors by 160%. These numbers only get worse as the price continues to fall. And ERHC needs to raise $millions.

Let yet another happy ERHC weekend celebration continue before the reality of the new trading week takes another toll.