As in any investment, you are in it to make money. You weight the risk versus reward. The up side versus the downside. If ERHC goes to zero (most likely case), you lose your entire investment whatever it is. If you invested $100K and it goes to zero, you have lost is all. So the downside is ENORMOUS as the chance of going to zero appears ominous from the current financial state (no need to go over the facts as everyone knows what bad shape the company is in).
Now lets look at the upside on the stock that's trading at 2 milrays. Sure its possible for a double, triple or four bagger, but what are the chances? It appears it is quite a long shot for ANY oil company to do an oil deal with ERHC based on the company's past history of stiffing past partners. Would you do a deal with a company that stiffed its last partner (I certainly would NOT). Then there's SEO, who many believe will save the company. IMO, SEO is out only for SEO and will do little to help the existing shareholders. Why should he? What's in it for him? Some people trust a Nigerian, only as far as they can throw him, all 300+ lbs.
So all and all it boils down to risk versus reward and IMO HUGE risk and only la little chance of reward (and a small reward at that). So why would anyone invest in ERHC at this point? Not many and the share price proves it.
In 10 yrs the shareprice fell from ~$99(after split) to now $0.0001 (1 milray) & the same jokers are still in place & not reporting ERHC's finances. How do PN & SO justify being there while bringing ERHC to its knees. A funeral is soon,see ya there
