ERHC Energy Inc (ERHE)

[traderalph]

We are offering 9,090,910 units, with each unit consisting of one share of our common stock and a warrant to purchase 0.75 of a share of our common stock (and the shares of common stock issuable from time to time upon exercise of the offered warrants), to institutional investors pursuant to this prospectus supplement and the accompanying prospectus. Each unit will be sold at a negotiated price of $ 0.22 . Each warrant has an exercise price of $.028 per share, and is exercisable immediately for a period of five years. The shares of common stock and the warrants will be issued separately but will be purchased together in this offering.

It looks like 6,818,182 warrants were "given" as an enticement to the buyer. The buyer has no further expense as he excercises the warrants or lets them expire in five years. He has other protections in case of "events" and I believe he can trade these in for common shares at equivalent value at any time.

I would like a warrant like this for every share I buy even at the going market price.

Ralph