ERHC Energy Inc (ERHE)

[ERHClongtimer]

1. Perhaps he is confident that ERHC does not need his help to get through current circumstances.

2. Whatever he paid for his shares, SEO is invested for the same reason you or I are... to make money off his investment.

3. Again, whatever happens to the company, he is the one that is affected the most.


I don't like financing with these piranhas any more than you do, but in terms of share percent, it is a small number.

I wonder how successful another ERHC rights offering to shareholders would be if the shares came with warrants convertible in a couple years' time? That would be better than the immediate-to-180-day conversion period they negotiated earlier this year, and shareholders are more likely to hold on to their converted shares.

In any case, we went through a downdraft last EOY, and the share price rebounded. But this year we have potential for some really good concrete news, based on studies already performed by ERHC. Just hold on.