ERHC Energy Inc (ERHE)

[bblack]

It's about Risk vs Reward.

Thanks for the reply and last night's spirited debate.

IMHO, the key to successful investing is primarily to assess the return / trade-off. I'm not willing to invest based upon $13.40 per proven, but since the stock presently sells at approximately $1.50 / proven (using NSAI #s and $7.50/ proven) then I believe it a very favorable risk/return so I bought more today.

It's a 5 bagger if the NSAI figures turn out to be correct and we get bought out at $7.50. A 10 bagger, or more, is easily possible with more aggressive assumptions.

The important thing is that the downside should be minimal at these stock prices.