Addax Petroleum (fka AXC)

[midtieroil]

Are you kidding me? Of course the people owed 13 million by ERHC are actively seeking collection. To say otherwise is a complete misrepresentation of the facts. The IRS, CEPSA and the convertible debenture holders are ALL looking to get paid.

And as far as I am concerned ERHC has effectively gone bankrupt twice already. Virtually all of the equity of the previous common shareholders has been wiped out not once but twice. The small amount of equity remaining is owned by those that were foolish enough to invest in ERHC the third time. And the majority of that equity is gone now too.

Time for some more delusion insurance? More dilution is coming. It's not if it's when.