ERHC Energy Inc (ERHE)

[tryoty]

That's on my mind to 2IRAs. I really don't see this going over a penny again UNTIL oil is found.

Ntephe and Odobulu have killed the stock, period. They demonstrated willingness to put their salaries ahead of the share price... no matter how detrimental. The market will NEVER forget that. Now there are hundreds of millions of shares bought under a 3rd of a cent. At 6/10ths of a penny these people will be seeing a double, and at 9/10s... a triple. The amount of selling on any run up is going to limit the up potential for YEARS... again, UNLESS oil is found. Why would anyone buy as drilling approaches knowing that there are 100's of millions of shares ready to be dumped? ANY interest in this stock going into drilling will be met with massive dumping by people that bought it "down here".

Dumb and dumber have killed the stock.

Who knows how much lower this will go. We still have the largest wave of convertibles yet to hit in April and then one each in May and June.

I won't be surprised to quad zeros by June. That will take Offor's $30M position in ERHE at the time of the Rights Offering that he backed out of down to an embarrassing $300K. I wonder if he has any regrets?

This whole thing was avoidable with a little management.