ERHC Energy Inc (ERHE)

[DegenerateGambler]

I not sure if I should philosophize on the share price, since if it goes back to the mid forties I will probably be buying more. It appears there is a strong bottom at 50 as the price does not remain under that point for very long. Just long enough for those that to notice the drop under 50 load up a few more shares and bring the price back up to over 50. I do not think we will ever see the mid forties again, so I will probably never get a chance to get those really cheap shares. With 50 as the solid base, any news at all will likely jetisen the price to over 60 since we will likely be trading in mid 50s until the news breaks. I do not forsee that long a wait before some news. There are so many irons in the fire right now and any one of them could be announced. My guess is the rig announcement will be the first to break and hopefully in July or August. Next the subsidiary will break late in the year, in November or December. I do not expect any news about the investigations, as I believe they will die a slow death until the 5 year is up and no case was filed.