ERHC Energy Inc (ERHE)

[balance_builder]

ERHC...Gigwoof.....I couldn't agree more that zero dilution would be preferable over the 2.5% dilution we have felt in the last year. However, we have to keep in mind that this co has zero revenue, and has little to no revenue since Emeka Offor took it over in February of 2001.

The 10K should prove to be interesting this week. IMHO, our CEO almost made it sound as if it could/would include award news. His references to a good 10K were:

"As evidenced by the latest agreement with Pioneer Resources in Block 3 and various other corporate issues, we have had to spend a great deal of time in the development of the business at this very crucial time. In expecting every one of these initiatives to bear fruit and, since time was of the essence in regards to all of these initiatives, the management felt it wise to pursue them as aggressively as possible."

and......

"We expect both current and prospective shareholders will react favorably to its contents."

It should be a good week for us ERHC'ers. I'm convinced this stock will prove out to be very profitable for long term holders. I think if an investor were to put a ruler on top of the two spikes we've seen, it would be a pretty accurate forecast of the next 3 years of ERHC's direction. B. Morgans last report of ERHC and partners bidding "confidently" spells success to me. The political influence of Emeka Offor will continue to enhance our long postitions. (IMHO of course).