ERHC Energy Inc (ERHE)

[tryoty]

A one-for-one would insure failure of the offering... change that, I don't see it "failing", but whoever the backstop is would take on the vast majority of the shares offered, IMO.

I don't know how many shares you own, but I know what I own... and "allowing" me to double my position, even at half this share price, isn't an option that could work. I think most shareholders are in that same boat. If they do smaller offerings every six months or so, we have a far, FAR greater chance of fully participating. It takes time to come up with cash in the retail world!

I sent that concern to Keeney back in August, perhaps they thought about it.