ERHC Energy Inc (ERHE)

[tryoty]

I don't consider you a critic...

Most times your harsh remarks show that you don't understand capital markets. What you call a crime is a BENEFIT to shareholders that MANY companies offer to their shareholders. You will be offered shares at a discount to market.

Small companies need cash to grow. Small companies don't qualify for debt, so raising cash through equity distribution, or in our case a more highly dilutive carry arrangement, is their only option. A carry arrangement will cost you far, far more than issuing stock if oil is discovered. The carry just isn't worth that kind of loss potential.