Replies to post #300080 on ERHC Energy Inc (ERHE)

[Julius Erving]

Now that is the 64.000 shares question.

Difficult to believe its not part of some conspiracy/ agenda . Too many easy ways it could have been turned around so why wasn't it ???

But it goes even further. The fact that ERHC did not openly complain/address in ANY WAY whatsoever about Offor not (substantially) participating in the rights offering and in the current funding, could suggest that there is some sort of 'plan'/'path' that they have taken into account from early on.

It also suggests that the company itself is not in danger, because, despite all the fantasy stories about Peter being a retard together with the complete BOD, a management team would, under NORMAL conditions, start cutting in expenses pretty quick.

How NORMAL that would have been, can be seen every day in the current oil market, where even bigger companies with assets, have been cutting in exploration costs substantially!

Let's take Tullow as an example, exploration budget has been cut from $1 Billion to $200 million.

And what has ERHC effectively done so far: they cut Dan K's output emails.......

HAHAHA. How clear do you want to have it?

Let's take it even further: If OFFOR, as few claim here and on the other board, really has no dough left for investing in ERHC, or that he is 'not allowed' anymore (just saying...) then management and BOD would have known for sure that OFFOR could not act as a backstop/safetynet. Which would cause more distress with the company of course, resulting in... indeed: cutting cost drastically!

Conclusion without any doubt: the company (management and BOD) are not distressed with the level of dilution that is taking place.

This conclusion can be validated by the fact that they authorized 3 Billion shares back in August of 2012. Shares that were ment to be issued back then for additional exploration acreage funding, now used for the oil glut era.

The Doc.