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Re: Gigwoof post# 5247

Thursday, 06/09/2005 10:14:37 AM

Thursday, June 09, 2005 10:14:37 AM

Post# of 367194
Gig, sorry, but I don't follow you're line of questioning. I certainly did not make any posts in which I made any assertive comments that certain things were happening with regard to financing. I've only asked a few general questions.

Further, are you saying that ERHC does not need any financing, or is your comment more about the suggested means of financing? Please explain...

Again, my position is that we do need financing, for operating the company and perhaps $5-10mm for costs directly related to the awards and rights. I do not know how that financing would be secured, but I do know how it has always been secured in the past - through Chrome, on very poor terms. If that road is travelled again, I will not be happy, emphasis on "IF". I am not saying this "IS" happening.

If not, where is that money going to come from?

No offense taken - we're having a discussion here...
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