ERHC Energy Inc (ERHE)

[DegenerateGambler]

Let's assume ERHC raised ~$900K. How long did it take the company to raise this amount of money? At least several months. How long will this money last at the current cash drain? Maybe one quarter? It appears ERHC can not raise money fast enough to cover the current cash drain. Maybe the shareholders should write the company about instituting austerity measures to lower the cash drain. If ERHC does not lower spending ( including salaries) the company will run out of money very soon. If that happens what do you think the share price will be. Please write to ERHC and let them know about how you feel about the company instituting austerity measures immediately.