No mention of a pre-drill run up? Don't tell me traces of reality are finally sinking in.
You do realize a 250 times run up would mean a share price of $20, yes? After coming up with a more realistic number, factor in all the additional shares that have been/will be issued to keep the company afloat and adjust any targets accordingly. And, of course, don't even consider how much dilution will be required if the first well results are not good.
Regarding my investment strategy with ERHC, I have posted it several times. Simply wait until toxic debt is off the table, then consider if taking a long position is merited. Until that time there is no way to predict how many more shares will be issued and how much any positions held will be diluted.
