ERHC Energy Inc (ERHE)

[monkeytrots]

ERHE - IMPORTANT - Best POST of the MONTH AWARD -

Real DD, with REAL numbers, with REAL FACTS that are verifiable.

Good post, Mongo.

By: Mongo1071
11 Mar 2005, 04:55 PM EST
Msg. 9853 of 10129
(This msg. is a reply to 9847 by oldandintheway3.)
Jump to msg. #

But Offor's still doing GREAT....

$.565 minus $0.175 = $.39 ahead on the latest 73,000,000 shares.

$.39 x 73,000,000 = about $28.5 million. Not bad net for a $11 million dollar note. If you take the gross 'value' - $.565 x 73,000,000 = about $41.2 millon.

Next take the 23 million shares for the recent refi and interest and multiply it by say $0.45 and thats' only about another $10.3 milliion

So $10.3 million plus $41.2 million (and this does not EVEN include past years interest and share conversions) or about $51.5 million in stock for about $11 million in financing.

And you whine about BM 'costing' two cents?

Mongrel