The terms of the financing were not made public until the middle of August. Up until then optimism regarding Kenya was supporting the share price. When the toxic terms were revealed the stock began its downward spiral which is still ongoing. Don't take my word for it, look at a price chart. Clearly as the reality set in of the financial weakness that forced ERHC to resort to this type of financing, the price support disappeared. Not saying it could not turn around tomorrow, but as long as this type of financing is the only thing available, reversing this trend is no small task. Just ask anyone who thought a 4 cent price tag was a gift.
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