ERHC Energy Inc (ERHE)

[nordicroots]

Speaking of his conversion - would it be possible for him to convert through a direct private placement at a specific stated value per share of say $1 per share and if this followed an announcement that the company was done with the CDs with this final conversion how do you think that would affect the shares of those traded on the exchange? Something like this would signal that a major investor has faith in the value of his shares representing his (large) stake in the company and he'd be seen paying for in a properly reported transaction. Perhaps if he had a lot of foresight he might also make a public statement to indicate he would be making more open market transactions to acquire more shares over the next two years on the strength of his faith in the management team to successfully navigate through the efforts involved with bringing us through drilling in 2016. What sort of impact would this have on the situation? My thoughts would be that it sure would be good for the shares that he currently holds wouldn't it?