ERHC Energy Inc (ERHE)

[Krombacher]

If we do some math, the $250k worth of notes converted by Offor were likely converted at a higher conversion price than expected. That's because if Offor got $250k converted at 40% of .0004 then ERHC would have printed 1.56 billion shares just for Offor with nothing or very little printed for the other CD holders.

I think Offor conversion rate was significantly higher than other CD holders. And I think it had to do with the ability to convert them quickly versus the 180 day eligibility period. Just my opinion.

Krombacher