ERHC Energy Inc (ERHE)

[maestro224]

Leverage what assets?

The only assets we have are some unproven oil and gas properties. I want to see someone walk into a bank and try to borrow money using that for collateral. Of course we could sell some of our existing unproven assets to someone else for cash but I think that would be pretty stupid with all of the alleged oil down there. By the way, we already did that. That is how we got the cash we have now.

Some of you people have no business sense whatsoever. There is no money for acquistions. PERIOD. Maybe we need Mongo back to tell us what the cash burn rate will be for the next 5 years while we are waiting for our first revenue stream.

And as far as BOD members go, I couldn't care less. They are all just rubber stamps for management's whims anyway. Few good people are willing to serve on boards anymore because of the potential liability even with the protection of D&O insurance. I do know of three good candidates though. Mickey Mouse, Goofy and Donald Duck. They ought to fit right in with the cronieism and level of competence that exists in most boardrooms today.