ERHC Energy Inc (ERHE)

[FlightNews]

There is something wrong with the financials as you note. Take a look at the cash flow statement for the quarter - http://finance.yahoo.com/q/cf?s=ERHE.OB (hope that link pastes in ok).

The cash flow statement shows an increase in cash of 47m, but the balance sheet shows only 2m increase in cash. The interesting part is that the cash flow statement shows net income of 25m, adjustment to net income of -30m, and cashflows from investing activities of 46m.

So the income stmt and cash flows seem to try to say the same thing, but the balance sheet doesn't reflect what they do.

What is this other income and cash from investing activities? Why are the financials incorrect and which stmt is closest to correct?

FN