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Re: maestro224 post# 48993

Thursday, 05/04/2006 12:12:52 AM

Thursday, May 04, 2006 12:12:52 AM

Post# of 361536
How is that possible at $5 a share for the entire company its only $3.5 billion. $5 X 700 million shares outstanding = $3.5 billion. Second, whats the time-tested theory that ERHC's stock is worth $1 per billion barrels, thats just some numbers someone threw out there on their valuation model, its just their opinion, nothing is time tested until ERHC has billions of barrels of oil and the market values those billions over time.