ERHC Energy Inc (ERHE)

[Julius Erving]

The sign of confidence will start (!!) at, on average, $20.000,- worth of stock per person, imo.

Peter makes a LOT of money, the other guys too?

That's the ballpark you need to think in, imo.

Max Birley made a real statement.

Just think about it, even leading ERHC the way up to CEPSA drilling would result in a MASSIVE share price increasement from our current point.

Imagine, if Peter puts up $50K, then you can be sure that everyting will be all right going forward... I can tell you.

"The board and management of ERHC felt urgent action was needed to permit insiders the opportunity to show confidence in ERHC and its oil exploration assets," said ERHC President and CEO Dr. Peter Ntephe. "The Company's current valuation appears out of alignment with the fundamental value of its holdings."

The last time Warren Buffet made a statement like that, he bought the whole company... l-o-l.

I already mailed Peter about this, expecting him to really participate. As in: Max Birley kind of showing confidence... !

If he doesn't he will generate the EXACT opposite: signs of desperation! I told him to be aware of that...