ERHC Energy Inc (ERHE)

[tryoty]

Everyone paying attention knew the share count was in the 2.5B+/- range. I even took a WAG at 2.37B myself, but I think that was before the May 5-6 conversion.. so 2.6B now wasn't unexpected.

As for the future of outstanding shares... they may not hit the 3B authorized, as doing so could force a reverse or default and it is in everyone's best interest that they avoid that.

If they can avoid the reverse, those that bought the 0.0004's and 0.0005's will be smiling. In my opinion the MOU for right of first refusal on their STP-EEZ block, which expires June 16, will not expire without an agreement.

The amount of dilution we have seen will obviously limit the upside... that predrilling excitement run won't be from 10 cents to 30 cents, but it still could be from 3 cents to 10 cents.

I know some disagree and see a reverse in ERHC's future. In reality this company is mere inches from avoiding a reverse... those inches being the distance a ballpoint pen needs to travel on the dotted line of; A Kenyan deal, a Chadian deal, or a Sao Tomean deal... all of which are actively being pursued.

I wish everyone the best of luck.