ERHC Energy Inc (ERHE)

[Krombacher]

If ERHC is the cat...then...

what's skinning it alive is a bunch of unsophisticated scaredy cat investors...

I've said it before, this company's valuation has ALWAYS been manipulated with emotion, because the company has no resource estimates, time frames, revenues or assets on the balance sheet...so the only valuation possible is through emotion...

although, I have to admit that Midtieroil's proposed valuation methodology of comparing to other companies like Taipan or Africa Oil (but not Camac) is certainly worth a try, but if that's the case, then we are now ridiculously undervalued in comparison.

This is all emotion, with the investors involved having little understanding of the impact of the convertible debt.

The convertible debt has become the scapegoat for their own fearful actions.

Krombacher