ERHC Energy Inc (ERHE)

[Lugheads1957]

Your definition of minimal dilution is different than mine.

From the 2001 KSB filing:

"Shares beneficially owned and percentage of ownership are based on 536,911,938 shares of Common Stock outstanding as of December 20, 2001."

While that isn't a huge amount of shares percentage wise, I won't quite agree that it is minimal, especially when a considerable amount were issued to him as payment in one transaction.