ERHC Energy Inc (ERHE)

[midtieroil]

The smartest thing ERHC could do is use the proceeds of the chrome debenture to pay off the toxic convertibles if that is even possible. But my guess is it is going to go to pay Ntephe's bloated salary instead.

Potentially the selling of hundreds of millions of shares that would be sold on the open market and which would drive the share price down farther could be avoided.

That would be the smart thing to do especially if Offor plans to further fund ERHC. Since that is the smart thing it is almost a certainty that Ntephe won't do it.