ERHC Energy Inc (ERHE)

[nordicroots]

The only potential unknown in my view relates to the issue associated with how/where they secured the funds and under what terms that they are not disclosing to shareholders. As you have noted on several occasions it is coming from somewhere. But given the current situation where they are not reporting anything, we are left in the dark as to what arrangements are/were being made that allowed survival as we might know it today. This means existing shareholders have difficulty making informed decisions.

You will recall that before they stopped reporting (at the time we were going through the reverse split(s) resulting in huge quantities of new shares coming to the market) existing shareholders were excessively diluted. And dilution insurance (while definitely not something characterized as bankruptcy insurance) helped keep shareholders whole if they invested more to protect their percentage of ownership, and actually may have helped to some extent - but without knowing what/how arrangements for financing have been made - it puts a huge question mark over the extent to which existing shareholders might participate if something positive were to materialize. That said, all the things that are being surmised with the bits and pieces of information that are being identified, do seem to point to something that might be more than a little positive for existing shareholders. Time will tell. Someone once said - "good things come to those who wait."