Replies to post #299624 on ERHC Energy Inc (ERHE)

[Strategyone]

Fantastic reminder of reality.

These prices may be cheap (IMHO) but I am not moving assets from other parts of my portfolio to this one.

This also hits on one of my points yesterday. The BOD has ERHE shares already and already did participate in the 7.5 cent offering. I don't see them putting more money in now (although I would not be against it... LOL)

Great post Southern Man

[ssc]

You could be right about investing now, but even though the price is 2/10th of a penny it doesn't mean it is at a bottom. I see far too many posts saying buy, buy, buy and those following that average down, dilution insurance strategy are providing (for now)a bottom for the stock and a steady flow of cash for the grateful convertible note converters. This doesn't look like blood in the streets imo. If/when the buying is exhausted and the company continues to issue toxic debt the price will reach triple zeros and the dilution rate will accelerate. That would be my definition of blood in the streets and only the truly strong money or truly foolish money will then step in. For now the next step in this toxic scenario would be another new all-time low. It will be interesting to see if that happens or if .0017 is truly the bottom.

[Tamtam]

A voice of reason

[lovemelongtime]

Excellent supposition!!