ERHC Energy Inc (ERHE)

[stocks2rise]

I don't think you are missing anything. The question I have is how many will be able to participate in the next round of offerings(since we know there will be more) if they go all in on this first round? The more offerings they put out the less participants they will get unless the sp goes up considerably and the ones that buy now can sell to get money for the new participation event in which case they pay huge capital gains tax if the next offering is under a year. They will be forced to go to private placement will definitely cause dilution. Our only savior will be a steep rise in the SP. Sure hope that happens.