ERHC Energy Inc (ERHE)

[midtieroil]

$10 million is a drop in the bucket when the entire market cap of ERHC is $300,000? I don't think so. And that doesn't even include the $2.7 million that ERHC owes the IRS which resulted in a lien on ERHC's assets. It also doesn't include the still oustanding toxic convertible debentures that are in default that will result in billions of shares of additional dilution based on the current share price.

And, at last report, ERHC only had about $175,000 in cash and almost no authorized shares left to issue. Of course that info is as of June 30th. Things have probably deteriorated even more since then.

The 10K is due December 29th. Do you think ERHC will file it or just turn off the lights and admit the party is over?