ERHC Energy Inc (ERHE)

[wbyrne]

I completely agree with the strategy you present but I do think one of the underlying assumptions is where someone might differ with you. The particular assumption where I differ is in the timing of when the cheap shares to offset dilution will be available. You present they are cheaper now ... I think they might be cheaper after the fact.

My thought would be that I will probably be able to grab those shares needed to offset dilution by picking them up once the dilution has already occurred

I'm sure developments down the road would probably blow my assumption out of the water and I will be left with fewer shares than I could have had for the same $$ but I guess that is the joy of investing.

Either way, I think shares are cheap now. I can see them getting cheaper when some of the debentures convert (without any other developments) but I don't see them getting THAT much lower.