ERHC Energy Inc (ERHE)

[midtieroil]

Do you honestly believe the share count on March 31 and April 30 were exactly the same? We do have some evidence because the last number someone received from the transfer agent was higher than the number reported for April 30th. I think this 10Q is garbage. There is NOTHING in it about the Chrome debenture but I can tell you what I believe happened there.

There are no debentures that I can find that allowed the debenture holders to convert at 40% of market. Yet in this 10Q it says the range is 40-60% of market. Nowhere in this 10Q are the terms of the Chrome debenture disclosed but with every other debenture at least some of the terms were disclosed. It appears to me Chrome's debenture could be and was converted almost immediately upon issue and that it was at 40% of market price. In other words, Chrome got $625,000 of stock for $250,000. Sounds a lot like they just wanted to sell a bunch of shares to Chrome at a cheap price and this was a good way to do it despite the fact that other shareholders were not given that opportunity.

Yes, some of this is speculation but please provide proof if you believe it is wrong.

To make matters even worse. There is no Form 4 filing by Chrome. Did Chrome get no shares upon conversion? Did their debenture vanish into thin air and their investment go up in smoke? Or did Chrome fail to report their acquisition of shares as required by law?

So bottom line is I do believe that many new shares were issued between March 31 and April 30 and that the reporting is incorrect. I also believe many more shares were issued between April 30 and now and that many more shares will be issued to pay off all the debentures still outstanding. And I also believe that there are not enough remaining authorized shares to do so. And if you believe any of this is wrong, prove it!!!!!