ERHC Energy Inc (ERHE)

[rmilman]

I see it as a positive for ERHC. I believe that .0002 is a value of 300k with the shares outstanding. The current value as I understand it is over 5 million in assets alone which makes the .0002 ask price absurd. The company has three wells producing in Texas ATM and agreements with Starcrest, Elcrest and essentially Eland which has far more resources ATM. I will not argue that mismanagement and bad luck brought the company to this point. I am just pointing out that ERHC still has some money making potential. Plenty of bad to report, but there are positives to report as well. As always, good luck to you all. If you are able to average down, you may be chasing bad money with good, but you may also make some. Persistence has always paid off for me.