ERHC Energy Inc (ERHE)

[kobiashi2000]

The reason ERHC is priced were it is, is because of the FCPA investigation, and uncertainty regarding when exploration, drilling and production will begin. This stock is driven by retail investors who have gotten burnt left and right by longs and pumpers telling them that as soon as whatever happens the stock will be North of 3, who are just fed up with it and either holding or not buying anymore. That's my reason for the low volume over the last month. If Offor is the reason we're priced were we are, then its a very minor reason, and personally I think people are just jumpng on the latest Offor Conspiracy theory because they've got nothing else to hang their hat on right now. As soon as the picture clears up, we get information on when drilling and exploration will begin, the price will move up as well. I find it completely absurd that sophisticated institutional investors who have the ability to see the deal that ERHC has hammered out for itself, will refuse to invest in ERHC once oil is discovered because of Offor. If the oil is there, and the revenue streams are there, those sophisticated institutions will invest whether Offor has majority control or not. ERHC is still a US publicly traded company, under the jurisdiction of the SEC and US regulations, and that will be enough to make them sleep well at night while investing in a CASH COW. JMHO