ERHC Energy Inc (ERHE)

[Krombacher]

And the other thing is that everything is relative...


...even if the deal stinks to high heaven, a 5 cent share price stinks more...lol.

What kind of a terrible, horrible deal would bring us down to 5 cents. So far as we know, the deal can't be that terrible, or else where is ERHE getting the money for the FTG and seismic? Of course they're getting money from somewhere...

...is that money from their partner (most likely) or is it from a private placement (probably not as likely since they would have said, I would think)...

...but I guess if we did attribute the private placement to the reason we fell to the 4 to 5 cent range on huge volume resulting from an arbitrage, then maybe the deal does stink. Maybe all of our funding came from this phantom placement that we are yet to hear of and we are flying solo into a precarious predicament should Kenya not approve the deal...

then, in that case, yeah 4 or 5 cents is about right.

On the other hand, maybe that's what the market *thinks* is going on...always assuming the worst, and we shall be pleasantly surprised that we have an awesome deal and Kenya's blessing.

Time will tell, as always...

Krombacher