Replies to post #302333 on ERHC Energy Inc (ERHE)

[midtieroil]

Why do you think Chrome can't convert until February? I assume he has the same 180 day holding requirement as the other CD holders. If so, it would be August.

[condor1]

Tryoty, what is the basis for you saying that Offor can't convert until February 2016? That time frame is not the pattern of 6 months conversion. Where does the information state that?It also is right on schedule with the March 2016 drilling time, actually a little late.

[Strategyone]

Tryoty,

Let's pretend for a minute that you are the CD holder for the $50k next week. Let's also go with your conversion numbers and say you convert your $50k next week at .00024 for 208,000,000. Lets also assume the stock market is flat. You hold 208,000,000 shares and you have 30 days until the next CD holder can convert. Would you rather sell 10,400,000 shares a trading day (for 20 trading days) at .0004 and receive $83,200 for a profit of $33,200 OR would you rather try to dump all 208,000,000 in one trading day let's say for an average of .00025 and receive $52,000 for a profit of $2,000?

I know what the real CD holders would like to do.....

This is why the April CD conversions were the beginning of the end of the death spiral IF (BIG IF) ERHE stopped lending out to multiple holders around Jan. Feb. time frame.

We will know that answer around May 15th.