ERHC Energy Inc (ERHE)

[tryoty]

Manti, way, way wrong.

I agree completly that funds don't play with stocks under $5, but an R/S isn't going to change that.

It's the market cap that's the problem. Say they do a 1 for 10 reverse...

so what?

Now we are a company with a market cap of $650M with 71M shares out instead of a company with a market cap of $650M with 710M shares out.

Funds still can't move meaningful money into it... without ERHE floating new shares, and a lot of them.

That's the bunk... if any of this is true then ERHE is reducing shares out to be able to float(dilute) more.

That screws us. Nigeria doesn't have a great reputation when it comes to ethics. Now that the PSC's are signed the next fret/bet is on the integrity of SEO/ERHE management.

Meridians "opinions" on this subject put a knot in my stomach.