ERHC Energy Inc (ERHE)

[nordicroots]

MTO - I would like to see a vote on authorized shares as well. What happens in this area will be insightful in terms of telegraphing their intentions to shareholders don't you think? The split itself is meaningless as you have mentioned several times before it is nothing more than the way you slice up the whole pizza pie.
By proposing a 100 for 1 reverse split they will not overcome the problem of running up to the limit of authorized shares. By enacting a reverse split of 100 for 1 they also effectively reduce the authorized shares at the same time down to 30 million. And if they find they bumped g against the ceiling of authorized shares already, the reverse split proposal by itself does not help them. Seems they need to do both if they need to do the reverse split for the sake of selling more notes to the loan sharks.