ERHC Energy Inc (ERHE)

[tryoty]

"They hardly are going to now do a U turn to support an inept CEO who decimated 99 % of their investment !!"

You missed my point completely. Rather than re-evaluate and act you choose to continue condemnation. The management of ERHC quadrupled the number of outstanding shares over the last 1.5+ years, yet the share price wasn't divided by 4, it was divided by 400! Those numbers are real. Is there still risk? Yes. Is this still a gamble? Yes. Are the shares of ERHC Energy on sale, and I mean at fire sale prices? I think yes.

I can't make you see or understand this sale any more than you can make me ignore the value that I see.

For just 1% of your original investment you can increase your ownership of the company to ten times more than you originally bought.

That addresses middy's point that the potential isn't as high as the JDZ days, etc. The cost to significantly increase your ownership is minimal.

Commercial oil in Kenya means a market cap of $200-800M. I won't predict how many shares will be sold to the "strategic investor" or if that transaction will ever occur so I will use current shares outstanding and tell you that that market cap range means a share price between $5-$25.

For those that can power wash the doom and gloom off of this stock there is massive potential. (and to Middy, yes, massive risk).