ERHC Energy Inc (ERHE)

[Krombacher]

One way or another it's going to happen because it must happen.

They need the money to operate, have a stronger negotiating position so as not to be "begging and desperate for JV farm-in at any cost", and pay for sig bonuses, fees, etc. for potential new and existing properties.

Plus Chrome wants it.

There's nothing that I can say to sound any warnings...the deal is probably done and the investment bankers have probably already charged their fees...I wonder if their advisers are the same bankers issuing the rights?

So let's get it over with already and get the terms of this deal going and out for us to understand...at least they are "testing the waters" and doing it piecemeal...maybe good lessons will be learned at minimal cost.

Krombacher - the above may be wrong.