ERHC Energy Inc (ERHE)

[balance_builder]

Mongo...as the 10Q clearly states,

"As of June 30, 2005, the Company had $1,416,054 in cash and cash equivalents and working capital of $827,453, an amount believed to be sufficient to fund working capital obligations for the next twelve months."

This means:

1) The company knows it will cut expenses to make the working capital last for 12 months.

2) The company will pick up cash in one of their block deals that will be added to their current working capital.

3) The company is being sold and said sale would take place before the current working capital is depleted.

4) The co buying in to ERHC (if holds true) will cover any shortage we might occur in our operating expenses for the next 12 months.

Bottom line.....one would have to believe our management has a pretty good assessment of our bottom line which would include knowing the necessary amount of working capital to cover our obligations for the next 12 months. Sumthuns in the works IMHO.