ERHC Energy Inc (ERHE)

[badog]

Ruby & Walldog,

The market is all a game of perception...and risk. We are all betting that the value of our shares will go up significantly when certain events take place. We cannot prove that our perceptions are correct...until the events actually take place. This is all 'best guess' senerios. The oil must be shown to be there before the real value takes place. Pieces of paper with 'our rights' spelled out do not guarantee oil. We are speculating that the oil is there.

The problem is...not enough other investors are in a frenzie to join us at this time. As we get nearer to drilling...they will. As stated many times on this board, most still feel that we are dead money for awhile.

We will have our day in the sun but all the merger, buy-in, buy-out happy talk is just that...happy talk. If and when I see an annoucement of confirmation in that regard I will believe it...but not until.

In the meantime our day to day value is exactly the same as our current SP...no more, no less.

Badog