ERHC Energy Inc (ERHE)

[oilman007]

Tryoty,

You are far more level headed than other posters on this board.

In response to the investigation- just because ERHE is being investigated does not mean it is because there is tons of oil down there. It is because they are alleged to have done something wrong, likely bribery. Companies and people alike get investigated for this reason and it has nothing to do with whether they stand to make a lot of money.

IF that reasoning were true, it would also support the notion that an investigation could take those rights away. That is something that is often refuted by this board. But IMO, that is a possibility. But you can't have it both ways- you can't say they are only looking at us because they know we are worth so much, then state there is nothing they can do about it. That is ludicrous IMO.

The stock is at 40 cents due to the investigation. It was up near a buck beforehand. The price has been factored. The stock price now sure seems to be fair, because it hasn't moved a lot in quite a while. If it were worth more, it would be bought up on the cheap right now.

I am long on this stock. I am hoping for the best. I think there is a good chance we could be at 3 bucks in two years. But I do not stick my head in the sand and ignore the facts, and I do not take only hypster positions with no basis. I am realistic.

Good luck to all, JMO....