ERHC Energy Inc (ERHE)

[mz157]

based on the action so far... it seems no one is ready to do much until the details are known which is smart based on the track record. On the face... this seems like an excellent development and hopefully they can avoid future offerings, specifically convert debt offerings. but before i get Krom-like excited... I will wait and see how much this will actually net in terms of proceeds and at what terms (and keep in mind it's an LOI and not a contract)