Addax Petroleum (fka AXC)

[midtieroil]

Essentially nobody has an investment here anymore. A hundred million shares of ERHC is worth a measly $10,000. And there is definitely a massive amount of additional dilution coming down the pike (if ERHC survives) from the remaining highly toxic convertible debentures and from any investor who is foolish enough to buy into this.

And if that isn't depressing enough, nobody in their right mind thinks ERHC is an investment any more. It is more like a lottery ticket. It's fun to think about hitting it big, but there is only a scant chance of actually doing so.