ERHC Energy Inc (ERHE)

[DegenerateGambler]

Why does the buy in / out come closer every day?
The longer ERHE is without CEO/CFO the more likely these posts are purposely being NOT filled until the deal is completed and those on the other side of the table can put their people in those positions.

The closer the ending of the Jefferson trial comes the more likely there is a possibility of one or more of the investigations coming to a close.

The closer the drilling in the JDZ comes the more pressure on the suitors to complete the deal at a lower price, the price they want. They know if they wait and rigs are scheduled or oil is found, their negotiating position gets worse and worse. Keep in mind ERHE has full carry and is not going to be pressured by the high costs of drilling with the possibility of running out of money over time.

This whole situation reminds me of a song from Casablanca, "As time goes by" or the Rolling Stones song, "Time is on my side".

The important thing is I have patience. 2008 should be a great year as time goes by.

PS: Badog, you are on my listed of respected/trusted posters, so I do appreciate what you are saying and do understand your position, but do not fully agree with it.