ERHC Energy Inc (ERHE)

[tryoty]

I agree that it's ridiculous for anyone to claim they are drilling now. With $250K of debt to still be converted they would be screaming from the mountain tops to attract buyers.

But then again, for all we know, the last rounds of CD's were to entities intent on holding the discounted shares they got. The conversions will increase the outstanding, but if they don't sell the price will hold, which appears to be the case.

If true, the addition dilution won't be much over 3M more shares... and on to drilling in 5 weeks or less..