ERHC Energy Inc (ERHE)

[xxmmax]

Balance, I was looking at the market cap for EEL.L...
75 million shares at 211 pounds per share_is about
16000 million pounds times $1.70 pounds per dollar is about
$20000 million dollars or $20 billion market cap.
Since that virtually doubled from the day they got their rights, that would imply the market thinks their rights were worth about $10 billion.
ERHC has about ten times the rights they do both in JDZ and STPEEZ so that would imply $100 billion market cap for ERHC!
$100,OOO million divided by 800 million shares of ERHC is a share value of $125/share???
What am I missing?