ERHC Energy Inc (ERHE)

[ssc]

It will be interesting to see the amount of volume generated today if those who were playing a run-up into the 10-K bail out while they can still get .0001, or maybe they're already gone. The last time some of the toxic debt holders waited until after the r/s to convert but that was with drilling still in the future. This time there might not be another chance as bankruptcy is a real possibility.

At this point, even a 1:100 r/s will only get the price back to 1 cent. The last one got it to .14; another indication of how much things have deteriorated. After watching how fast it fell from .14 to .0001, trying to start another cycle from .01 is virtually doa imo. But stranger things have happened in pennyland.