ERHC Energy Inc (ERHE)

[RUBY1100]

BB, ERHC has yet to announce a LOI or MOU from an other entity to date but went on record to say...

"In the event that the ERHC leadership signs or enters into any LOIs or agreements related or giving rise to any material transaction, we will publicly disclose that information by the requisite means of dissemination."

I think the PPS move was the fact the PPS was way oversold in the $0.20s and you had "PANIC BUYING" from longs who had sold, flipped, and wanted to be back on the train in 2008 so close to drilling.

Perhaps there were a few new big buyers and some newbies to add fuel to the fire.

I stand by the instinct of a RIG coming soon due to the continued reminder by our partner Addax ...

http://investorshub.advfn.com/boards/read_msg.asp?message_id=28031772

but could be any of these too ...

in which the PPS was quiet for 4 months and then exploded to the upside to finish at a new 52 Wk high of $0.52 on strong VOL

a] a big buying group
b] basic valuation adjustment
c] a Buyin Scenario
d] a Rig Announcement
e] SEC/DoJ Clearance
f] delayed reaction to the Nig O&G event in Feb
g] details of the JDZ Block seismic being passed around
h] long investors topping up
i] SH Meeting excitement
j] New PR Team and first class marketing
etc.