ERHC Energy Inc (ERHE)

[jsc52033]

tryoty I have seen these type offering befor. Most have included a warrant to acquire additional shares for a year or two at a price usually higher then the offering. This sweetner gives the risk taker another shot should the venture prove successful and price rises drmaticly.

I keep looking at the .20 to the board if price hits .75 and holds. I think they saw this coming. A discovery will bring up the SP and they will exercise. Any Share hodler who also has warrants will have a similar oportunity.

Now if the offering does not include warrants I will not buy. SP has a good chance to retract after the inital offering is complete. I can not believe they don't have a buyer waiting to take shares we can't. That type investor normally demands warrants. JMO