ERHC Energy Inc (ERHE)

[DegenerateGambler]

Is holding ERHC dead money until the fall (likely when the survey results come)?
First of all, those naysayers were saying that in April and May when the SP hovered in the five cent range. So, already they have been proven wrong as in June the SP has hovered in the six cent range. It appears that shareholders are holding on to their shares tightly and forcing the ask price higher and higher as most sellers will not settle for the low bid offers, especially with a 10-15% bid/ask spread.

It is my opinion that with the sellers continuing to push up the ask price over the next few months, this stock is definitely not dead money. I predict a very slow rise in the SP over the summer possibly hitting the 8s by the end of summer. Not dead money at all. The days of picking up real cheap shares in the 4a & 5s are gone.
DeGen