ERHC Energy Inc (ERHE)

[Phred6]

Unless you have some secret source in Offor's camp, it would seem that your arguments are highly speculative. The steady decline is an indication that there's more to come--a reverse split and more toxic financing. The bottom will not be reached until they come up with the money they need for drilling. Buying now is at best questionable. Riding on Offor's coat tails assumes that he'll have the retail investors' best interest in mind--not likely. Like the crap shooter at the dice table who has already lost his shirt, you're betting on one last roll. Even if they can finance the well, their chances are still less than 50-50. Now is not the time to buy; it's a to wait and see.

I feel for those long timers like Vince who've lost out on their initial investment, but the money they have put in has already been spent on the non-commercial off shore wells. \V/_