ERHC Energy Inc (ERHE)

[Gremlin9999]

I suggested to Dan that they should offer a private placement with warrants attached. For example 1m shares for .02 (Based on today's price) with a warrant to purchase another 1M shares at .05 (just my guess) good for for 2 years. So if the stock goes to .10 the warrant holder could buy the shares for .05 and sell at the current market price. If the warrent is exercised the company gets paid .05 per share. Usually private placement holders are restricted from selling for at lease 6 months.