ERHC Energy Inc (ERHE)

[Strategyone]

ssc,

I definitely think we have a difference of opinion but I also stress that you don't seem to understand my opinion or a possible ERHE position that is more likely. Let me try to be very clear.

IN NO WAY did the $250,000 loan from Chrome prove that ERHE stopped issuing toxic debt in December. You have the time frame wrong. It was announced on 2/23/2015 of the $250,000 loan from Chrome. I and anyone else will not know what was issued between January 1st and 2/23/15 until the next 10-Q report.

On the other hand, there is a HIGH (IMHO) possibility that ERHE WILL stop issuing toxic debt to outsiders now that the share price has entered a toxic downward cycle to below an asset valuation point. It only makes business sense.

Yes, naysayers can continue the pandemonium fear mongering that ERHE is going to issue 100 Billion shares to raise $4 million dollars that it once said it wanted for funding the programs this year but I feel that opinion is ludicrous and not based on changing circumstances that ERHE has now experienced first hand.

I say, plans change as circumstances change. That IS reality. I say there is a much higher probability of Chrome/Offor continuing to fund ERHE at 'minimal' levels until drilling than further outside toxic debt issuance. UNLESS the share price recovers to above a valuation point that makes sense to do otherwise. If the share price immediately recovered to .05 - .10 (which I doubt unless Chrome kicked in about $5 million with favorable terms) then I would flip my position to saying ERHE may go back to the toxic debt lenders. Again, this is possible but HIGHLY unlikely given the share price performance when these lenders call in their options.

I strongly believe ERHE will NOT need the $4 million for this year due to the high cost of capital. They will need to change their time table at a minimum OR find partners to fund the expenses (hence, enter Deloitte to help find a partner).

and to answer your question

If ERHC has a funding runway to drilling without having to use additional toxic debt why hasn't it been announced?

I don't see this as a fixed, guaranteed "funding runway" so they can't announce what they do not have. Like I said, if the share price recovers to above a reasonable valuation point, ERHE may go back to the toxic well. They obviously don't want to take this option off the table therefore they can't announce it is off the table.