Can you provide a few examples because ERHC has one of the worst balance sheets I have ever seen. They are delinquent to their partner to the tune of 9.6 million. They owe the IRS 2.7 million which caused a lien to be placed on their assets. The convertible debt already caused one 1:100 reverse split and now the authorized shares are maxed out again. That could cause another, even larger reverse split. They have almost no revenue stream and have never discovered a drop oil, having drilled 6 dry holes and counting. Only 129K in cash left at 3/31 and probably even less now. They are dropping assets because they can't afford to keep them.
If you've seen worse I would like to review that company. It might be the only thing that would make me feel better about ERHC.
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