ERHC Energy Inc (ERHE)

[Southern Man]

Actually the big question is: Will current stockholders also "support" the new funding to develop these properties. Offor has clearly indicated he supports the fund raising by agreeing to a new offering, ie.. more shares. Of course he will participate. He is watching you watching him. If Offor/Chrome announces purchases will the open market price spike to 10 cents ? yes!

You see, we are all in this together. If the funds raised arent enough, IT HURTS US ALL, because the company will have to meet and negotiate from a WEAK stand point or even worse relinquish the leases. If they dont raise or borrow the money. They will have to GIVE UP more to the partners. Negotiating without any financial backing is tough! This is a brand new adventure. They are asking for faith and to let them have another chance.

They could have just closed ERHC, bankrupted it and started a new company. I think we should all consider this when deciding to ADD NEW SHARES.