ERHC Energy Inc (ERHE)

[tryoty]

The volume isn't saying anything other than people are waiting, on both sides, to see what will happen. It's rare to go through an Rights Offering with a penny stock. This is probably the first time for many. As such, they are in wait and see mode.

Given the likelihood that this is new to most, I think what is happening is they are exercising some of their rights and holding some cash for later... just in case.

That's why the volume is so low. Nobody is selling and all of the buying is through the offering... for now.