ERHC Energy Inc (ERHE)

[ssc]

krom, I just said I'm done posting for a while, but I'll address your questions because you're such a good guy and not an outlier like me.

First, I can't reason with you on the warrants or future equity offerings because I don't believe the last deal cost them anything, I think it got them $2 million by selling something that is worth a lot less now. Good move I'd say. And with only $14 million left, without the ability to use more of the shelf they would be in pretty dire straits. Today's market cap could change in the blink of an eye. It's a penny stock and as badly depressed as it is now, it could jump back to a buck again with good news from JDZ or EEZ.

To answer your other question, I didn't hear you say anything about the warrants. Perhaps, as it started to sound like you thought you were the only one on the call and were beginning a lengthy lecture, they cut you off.

That's all I got. I'll be silently waiting for some of the loudest complainers here to puke up some shares (or scare some otheres into it) and get the price back to 8 cents or so. Peace.