ERHC Energy Inc (ERHE)

[midtieroil]

You can say it's great that someone invested 2 million but that does not show me one iota of trust in the long-term viability of this company. What it shows me is that with the deal they got they think they can make money on this stock no matter how it performs in the long run. These guys will soon be shorting the hell out of this stock on the AIM and they will have the warrants to cover their short position if that becomes necessary. It's classic lousy financing done by companies who are desperate and can get nothing else. Anyone who actually thinks this financing was a plus, does not understand what they just did.