ERHC Energy Inc (ERHE)

[Krombacher]

I think that DK is correct when saying that the funds raised are for acquisitions, at least as the primary reason.

I also think that the wording in the SEC filings are done in a way so that should any acquisition fall through for whatever reason, ERHC is covered in terms of using the funds for other purposes.

Balance, I think you need to face the fact that ERHC's intention really is to do an acquisition, and by acquisition they mean a percentage in a revenue producing property.

Second, if they really are serious about the AIM, and there is no reason to believe otherwise, then they must either do a buy out before then, which is unlikely, or no buy out at all.

Balance, it is my belief that with all the dots, the dots don't add up to a buy out. I think that is becoming the consensus view on this board as well.

Krombacher