Replies to post #296308 on ERHC Energy Inc (ERHE)

[Krombacher]

I have no issue at all with what you say...certainly, the price could go down. That's why I tend to buy on the downdrafts, to the extent I can predict that it is indeed a downdraft.

But you are also right that 1) the premium for that "insurance" is pretty cheap now, and not likely to go much lower and 2) the price could go up with the release of resource estimates, a development with the MOU in the EEZ that results in some cash for ERHC, etc. etc.

So it's a bit of a roll of a dice...but for those who want to conservatively protect themselves against dilution, then the little more you might be paying now (if we are to go lower temporarily) may be worth it compared to what you would have to pay if we go higher.

Krombacher