ERHC Energy Inc (ERHE)

[ssc]

Averaging down as erhe has plummeted from 5 cents to 9/100th of a penny has been the worst strategy one could have followed. IF the company survives and anyone still has an appetite for this stock, waiting for the now virtually inevitable post-reverse split shares to trade closer to pre-split levels would be a reasonable place to consider buying. But there is now a chance ERHC won't be around that long.

To those who ridiculed this scenario when I first presented it months ago, do the math. The conversion rate for toxic debt is approaching less than .0005, 3 billion shares will not be enough.