ERHC Energy Inc (ERHE)

[oilman57]

By: Eve
14 Apr 2005, 05:04 PM EDT
Msg. 23644 of 23653
(This msg. is a reply to 23632 by highlife40.)
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i would disagree with you. the stock will move once the percentages have been determined (after awards). After knowing those numbers and the dilution factor the market can determine a reasonable market cap with 709+- O/S.

500M probable at $1-3/barrel on 709M equals $.705-2.11
(so the market has a value of about 500M unproven at $1)

1.0B probable at $1-3/barrel on 709M equals $1.41-4.23

1.5B probable at $1-3/barrel on 709M equals $2.11-$6.34

2.0B probable at $1-3/barrel on 709M equals $2.82-8.46