ERHC Energy Inc (ERHE)

[tryoty]

Not even close.

Week by week as conversion deadlines approach Notes will be converted to shares at a predetermined discount to market. That's what has been happening. The Notes get coverted, the recipient of the shares sells them to recoup their investment, and the share price declines to the price of the predetermined discount.

To sum it up... using toxics like this they couldn't raise $10m with 5 TRILLION shares... or 50 TRILLION shares.

The few hundred thousand that they have raised to date took the share price from multiple pennies to 1/5th of a cent... all for a few hundred thousand dollars.

$10M? Forget about it.