ERHC Energy Inc (ERHE)

[DegenerateGambler]

Dadd, Strass's cost reduction plan has PLENTY of merit. A few days ago I posted about the company's cost of their oversized office space and suggested subletting at least half of the space. Is their anything wrong with that idea? IMO, the company is being EXTREMELY wasteful sitting on this space and not even trying to sublet it. I also, indicated that laying off just one employee that is currently NOT needed in today's economic climate (not the right time to make ANY acquisition deal) would be cost beneficial.

I also love Strass's idea to eliminate all presentations and any travel looking for acquisition investments. Any "charitable" contributions to the African poor should also be put on hold at this time.

This company MUST become VERY frugal with its cash since their is no more cash coming in and who knows what unexpected expenses may come up in the future (read legal costs).