ERHC Energy Inc (ERHE)

[traderalph]

Yes, I just copied it from the SEC filing (including the typo).

6,818,182 x .28 = $1,909,090

This is the amount ERHE receives if the warrants are exercised.
The amount the warrant holder makes will be the difference between .28 and the market price at the time of the excercise.
ERHE (us) gives up this same amount by having to provide the shares below the existing market price.

Ralph