ERHC Energy Inc (ERHE)

[magicatlast]

Strass, the 15M is not all gone. A large portion of it is just an accounting charge to expense the equity based portion of the finders fees and consultant's charges. Look at the cash flow statement. Also look at the balance sheet for cash-on-hand.

Of course, we had some debt and accrued expenses incurred in the negotiating, etc. It is my quess that it is unlikely that expenses (g & a) would exceed $2M per quarter going forward, tho some capital expenditures resulting from acquisitions, etc could be possible.

Magic