ERHC Energy Inc (ERHE)

[bayfisherii]

The notice below is a prime example of the foresight of ERHC's management group. These guys are absolutely over their heads. Is there anything else they can do to kill this stocks momemtum?

ERHC ENERGY INC. (OTCBB: ERHE) – management has announced that they have done an agreement with an institutional investor for the purchase of approximately $2.0 million of common stock at a price of $0.22 per share from ERHE. The arrangement price is less than the last day closing price of $0.29. This news has put massive pressure on the stock and it has declined sharply by 12% to trade at a price level of $0.26. Investor should expect more pressure and further decline in the ERHE price is inevitable. Investor should stay away from ERHE and look for better opportunity in other undervalued stocks available in the sector.