Replies to post #299870 on ERHC Energy Inc (ERHE)

[Julius Erving]

Of course this is why folks like you and Krom have been advocating the dollar cost averaging as some sort of dilution insurance.

And also Offor bought himself the Insurance.

But it was not nessecary if he only wanted to keep his 43%, maybe he wants more, how much he will get for his 250K is still unknown.

But it all is strange, Offor against CEPSA?

[ssc]

Averaging down as erhe has plummeted from 5 cents to 9/100th of a penny has been the worst strategy one could have followed. IF the company survives and anyone still has an appetite for this stock, waiting for the now virtually inevitable post-reverse split shares to trade closer to pre-split levels would be a reasonable place to consider buying. But there is now a chance ERHC won't be around that long.

To those who ridiculed this scenario when I first presented it months ago, do the math. The conversion rate for toxic debt is approaching less than .0005, 3 billion shares will not be enough.