ERHC Energy Inc (ERHE)

[midtieroil]

It's possible that retail demand has dried up and what we are seeing is that the convertible debenture holders are dumping all they can. But this appears to be retail selling, buying and trading to me.

I believe that there are still a substantial amount of convertible debentures still outstanding that are convertible into billions of shares of ERHC stock based upon the current share price. We should find out on Tuesday when the extended 10Q is due.

However I also believe the convertible debenture well has likely gone dry unless there is another reverse split. It appears that even the existing convertible debenture holders are having a tough time selling their shares now.