Replies to post #293576 on ERHC Energy Inc (ERHE)

[ssc]

What if the shareholders are the cat?

The company has stated its plans:
They WILL keep Chad
They WILL raise the money to do so
Convertible debt is the best source available to them at this time
The fund raising continues
They need over $10 million - they planned on spending it in 2014 according to the slides referenced by Keeney
Because of the current environment for oil exploration it is a very challenging time to be attempting to do this

So answer 1 question: Do you honestly believe the convertible fund raising has not gone above what was included in the last 10-Q?

[nwtf]

"""because the company has no resource estimates, time frames, revenues or assets on the balance sheet..."""

So with you saying with no tangible assets people are actually getting the big picture.
This is the last chance for the behind the scenes players to make money. They have kept the golden goose alive longer than expected IMO.