When they maxed out at 3B there were still note holders that wanted to convert and couldn't. How much? One poster says $300K worth. Those holders are converting.
ERHE/D has trade $100K worth of shares since the split, so if the $300K is accurate it shouldn't be long. Just to put a number on it... say all previous notes are converted and sold for 3 cents. That satisfies the debt and creates 10M more shares.
We should be going into drilling with 40M shares outstanding or less. Calculate your piece of the pie accordingly.
The howler monkeys want you to think that they will continue to issue convertible debt... and they could. But Offor, Ntephe, and Odobulu have put up $550K in the last 15 months. I doubt they will crush themselves.
People maintain anonymity for a reason and it is rarely noble.
