ERHC Energy Inc (ERHE)

[stockhocker]

Magic, as I read it, your post implies that ERHC (Chrome) is the seller, or is acting in concert with the seller. And, that ERHC is in fact not interested at this time in seeing the pps increase.

I don't like it either way. If it is Chrome selling to raise cash, they must need it now, and don't care about the price they get. Maybe they think it's best to dump on the cheap, than to try and sell later into a run. Maybe once they're done they will start acting like they really want to increase sh value, which is, after all, only realized with a fair price. Or, maybe they just want the price to go down, for the purpose of getting cheaper/more shares for Chrome, for the loan.

Does anyone here think we will learn in 30, 60, 90 days that ERHC has issued more shares to Chrome, convertible at 17.5 cents? I must admit to that fear myself and thinking this could be some 50mil+ share dilution.