ERHC Energy Inc (ERHE)

[DegenerateGambler]

Troy, There is no question in my mind that the main reason why the share price is where it is today and for the past two years, is the investigations. When this "black cloud" is removed the share price should return to where is was prior to this happening. That was nearly a dollar.

You indicate ERHC did nothing wrong and I agree. But the government will not do anything to remove the black cloud of the investigation unless they GET SOMETHING. So, IMO, ERHC pays the "extortion money" to the government because if they don't it will probably be another 3 years (when the SOL reaches 5 yrs from the date of the raid) that ERHC will be "officially" cleared.

I also disagree that if ERHC reaches a "settlement" it will taint the company. Once a settlement is reached, future investors will no longer have to worry or have fear about the government taking away ERHC's lucrative oil rights in the GOG. This fear of the possibility of ERHC losing some or all of its rights is causing the share price to be where it is. Once this fear is removed with a settlement, the share price should return to a more relistic value. This is not a question of short term or long term outlook for the company. It is a question of removing a black cloud now or waiting years for the cloud to disipate with time (the five year SOL)


... and to quote Mick, "You can't always get what you want... but if you try sometimes, you just might find ... you get what you need."