ERHC Energy Inc (ERHE)

[tryoty]

At the end of the day, how they handle the meeting and the detail they offer will bump the share price up or down 1-2 cents, still within the range we have been trading.

It's the first placement that will be key. If they swing for the fences and try to raise $50M by offering a billion shares for a nickel, not only will they not get shareholders to participate in the rights offering (because they are putting it out of reach), but the stock would likely go sub-penny pronto.

They simply can't claim they are looking out for shareholders and offering them a chance to participate via a rights offering if they put that offering out of reach of even the ones that want to participate, there would be a mass exodus.