ERHC Energy Inc (ERHE)

[tryoty]

ceecee, they DON'T need the money...

that's why I can't fathom them doing it, there's just no need.
A couple a billion barrels in their blocks that they don't have to pay a dime to get it... no need for money. They have $50M for day-to-day after the signings, so why indicate you are setting up to re-float? That's the message being sent.

It's a bad idea. They can get on a senior exchange within 12 months based on reserves alone.