ERHC Energy Inc (ERHE)

[Strategyone]

Great post tryoty!

Although everyone has a right to their opinion, I almost find it humorous reading some of the extreme suggestions. If some of these posters actually thought out their logic, it is almost the opposite from what they suggest.

If times are so bad that people are suggesting saving the salary of one employee (when ERHE has $30 million in the bank and a payroll of approx. 6), just think of all the other small oil companies that don't have $30 million in the bank and cash flow for about 10 more years at current levels. This is the PRECISE environment that we want a MR BOVELL as we might actually find another opportunity in the likeness of ERHE 8 or 9 years ago???? Who knows. That same $30 million in cash has never been as valued as it is right now for a potential deal.

IMHO, I am not that thrilled for ERHE to rush into any deal right now but I am also not asking for Mr. Bovell's head.

It is actions like those suggested that have many people in today's environment turn their "unrealized losses" into "realized losses" possibly never to be recovered again. Anyone notice with Warren Buffett did recently? Time for great deals are NOW. Buy the fear, sell the greed. Watch and learn.