ERHC Energy Inc (ERHE)

[ssc]

For erhc to raise operating capital via equity offerings, another reverse split would be needed, this time maybe a 1:1000. This would give short sellers even at .0001 the opportunity to cover at much lower prices. Remember the last r/s when share price dropped from .14 to .0001. So no, bankruptcy is not the only hope for short sellers. And based on their own proven track record, Ntephe and Offor have no problem with issuing toxic debt, diluting current shaes down to worthlessnes, and doing reverse stock splits to facilitate these moves.