ERHC Energy Inc (ERHE)

[robjer]

glad I unloaded 2/3 at $.515
I thought i might be a long-term holder, but when one sees a company with $26M cash talk about being an acquirer, it seems obvious they are a bit delusional.

They may get some pizz money to insure a free carry, but it won't go very far when spread out over 600M+ shares.

The share structure is so bloated the ups and downs in the share price are caused only by the daily orderly execution of trades. News of the block choices, partcularly when it looks like ERHE was able to jump the queue, would have sent a smaller market cap stock way up.

ERHE as a $300M market cap company just doesn't compute, and my last 1/3 shares have become traders, too.

luck to lugs and all.

robj