ERHC Energy Inc (ERHE)

[mz157]

At one point, I was all for communication by the company and a growth strategy. Both are all well in good except when you have a management team that is so out of its league and doesn't know the first thing about growing an oil company.

At this point, I am now in the camp that they shut up, stop with these other investments that clearly offer little reward, stop all spending and hiring and just let the chips fall where they may with the JDZ and EEZ. Cease all activities except for the necessary ones (accounting, SEC filing) and just ride out the current assets.

Continuing their current path will result in 0 money in the bank and significant dilution in a few years. These little deals will absolutely have no benefit to you and I as shareholders with such minimal funds to work with. The only thing now at this point that will get us higher is the JDZ and EEZ since we have now blown many, many millions with nothing to show for. It's one thing when you have oil guys running the show, it's another when you have massive inexperience in leadership positions.