ERHC Energy Inc (ERHE)

[seek the light]

MT The present market price is just that the current price being set by buyers and sellers who have absolutely no creditable information on which to base that price. Price is based mostly on fear that biogenic gas was all that was found, and that more shares are going to be sold a give away prices. Therefore if there are commercial discoveries on block 2 and 4 [ as i believe ], the price can be multiples of the present unrealistic price.

I also think the current NSAI report will show an increase over the the one released a year ago. And be used as the basis for a discounted present value that will fairly value the company and be the take out value. Would a buyer not be willing to pay that price without regard to the unrealistic present price?