ERHC Energy Inc (ERHE)

[midtieroil]

Yes and the real numbers could be slightly worse or slightly better. But, unfortunately, when it comes to the terms ERHC got on these debentures it seems to be the bottom of the barrel. I'm using the most common and the most likely calculation. Like I said, if you have something better, I'll be glad to run the numbers based on that.

By the way, do you really think ERHC shouldn't have had full funding to make it through the drilling of a single well after all of these years regardless of the price of oil? The oil glut didn't cause ERHC to spend all of their money and it didn't hurt their revenue stream from oil sales because they never had one. And it didn't keep them from getting adequate funding when there wasn't an oil glut and when the share price was much higher. The oil glut hasn't helped but it is NOT the reason we are where we are today.