ERHC Energy Inc (ERHE)

[ssc]

Problem with that is the amount of shares that represents 50% of ERHC today can quickly become 40%, 30% and less in a very short time. Just a few months ago people were looking at o/s of 40 million, now its close to 1 billion and rising.

Bottom line, the only way ERHC possibly survives as a public company and is able to raise additional funds they need is thru another reverse split. This one might have to be 1000/1 since the price is so low. IMO they just wind it down.