ERHC Energy Inc (ERHE)

[Krombacher]

Ok, I know that you...

...guys hate it when I ask you to take a look at a spreadsheet, but you leave me no choice...and I hope you really take a close look because this thing took quite some time to put together.

The spreadsheet represents a table which runs down on the left and then continues over on the right side of the spreadsheet.

The table indicates ALL daily short volume while forcing shorts to cover biweekly in order to zero out prior to the biweekly date. This point is shown in orange.

The yellow field shows how much shorts have made cumulatively starting on April 1 until end of month in July. I picked relative high points to cover in the two week period, and while those dates to cover are more or less subjective (since we don't know when they cover), I figured that someone effective at influencing negative opinion knows around where he or she can cover.

As you can see, and if we assume that the shorter is mostly one (or two individuals), then in the course of that period, the shorts would have made $42,927. That's over a 4 month period. If we extrapolate that equates to about $128,000 salary just for being constantly negative on a daily basis.

Maybe that's not much, but this period does not include some of the most volatile months like the day of the offering results and other periods of time....I just didn't have the time to go that far back, since I had to by hand enter each short data into the spreadsheet.



Krombacher - I really hope someone out there appreciates this work.