Replies to post #305863 on ERHC Energy Inc (ERHE)

[Strategyone]

No emdyal,

What he is suggesting is they maybe some people here have the facts wrong.

Let me give you a precise example. Fully and legally disclosed before it began and continuing to this day if full compliance of the law.....

In ERHE 10Q release 3/31/2014 on page 20 is this:

PLANS FOR FUNDING OF POTENTIAL ACQUISITIONS

ERHC's future plans will depend on the Company's ability to attract new funding. The Company is implementing a series of steps to fund the geophysical work, including magnetic/gravity and seismic surveys, prior to securing potential farm-out on Chad acreage. Said funding steps include the issuance of a series of convertible notes, which the Company is planning to conduct during the third quarter of 2014, and continue to search for potential partners.

Bolding is my doing to illustrate ERHE has disclosed in advance that they are issuing convertible notes.

In ERHE 10Q release 6/30/2014 on page 24 is this:

PLANS FOR FUNDING OF POTENTIAL ACQUISITIONS

ERHC's future plans will depend on the Company's ability to attract new funding. The Company is implementing a series of steps to fund the geophysical work, including magnetic/gravity and seismic surveys, prior to securing potential farm-out on Chad acreage. Said funding steps include but are not limited to the issuance of a series of convertible notes, which the Company has commenced, issuance of shares of common stock through registered direct offerings, which the Company plans to commence shortly and farm-outs to potential partners on its assets in Africa.

Bolding is my doing to illustrate ERHE has disclosed in advance that they are issuing more convertible notes. In addition to informing shareholders they also disclosed all amounts currently on the accounting books as of 6/30/2014.


In ERHE 10Q release 9/30/2014 on page 14 is this:

PLANS FOR FUNDING EXISTING ASSETS AND POTENTIAL NEW ACQUISITIONS

ERHC's future plans will depend on the Company's ability to attract new funding. The Company is implementing a series of steps to fund the geophysical work, including magnetic/gravity and seismic surveys, prior to securing potential farm-out on Chad acreage. Said funding steps include but are not limited to the issuance of a series of convertible notes, which the Company has commenced, issuance of shares of common stock through registered direct offerings, which the Company plans to commence shortly and farm-outs to potential partners on its assets in Africa. The fund raising might include:

· Farm-outs of part of the Company’s assets in Kenya, Chad and the Sao Tomé and Príncipe Exclusive Economic Zone
· Issue shares of common stock through a registered direct offering
· Convertible Loans and other debt instruments
· Other available financing options

The Company is continuing discussions with several international investment advisory and financial brokerage firms to act as financial advisors and intermediaries to ERHC. While ERHC has always used expert professional assistance to formulate and execute its capital raising initiatives, it is re-focusing on the retention of such advisors and intermediaries as a strategic imperative of the increased funding requirements that arise from the rollout of the new work programs in Chad and Kenya. The new firms retained will perform such financial advisory and investment banking services for the Company as are customary and appropriate in transactions of this type, including assisting the Company in analyzing, structuring, negotiating and effecting proposed capital raises. These initiatives may include any transaction or series of transactions in which one or more capital providers (existing or otherwise) commits debt capital to the Company, purchases equity of the Company (or securities of the Company convertible into equity), or alternatively funds the Company either directly or through farm-ins, farm-outs or other arrangements in which the capital provider earns an interest in oil and gas properties of the Company.

In ERHE 10Q release 12/31/2014 on page 27 is this:

PLANS FOR FUNDING OF POTENTIAL ACQUISITIONS

ERHC's future plans will depend on the Company's ability to attract new funding. The Company is implementing a series of steps to fund the geophysical work, including magnetic/gravity and seismic surveys, prior to securing potential farm-out on Chad acreage. Such funding steps include but are not limited to the issuance of a series of convertible notes, which the Company has commenced, issuance of shares of common stock through registered direct offerings, which the Company plans to commence shortly and farm-outs to potential partners on its assets in Africa. The fund raising might include:

· Farm-outs of part of the Company’s assets in Kenya, Chad and the Sao Tomé and Príncipe Exclusive Economic Zone
· Issue shares of common stock through a registered direct offering
· Convertible Loans and other debt instruments
· Other available financing options

In ERHE 10Q release 3/31/2015 on page 29 is this:

PLANS FOR FUNDING OF POTENTIAL ACQUISITIONS

ERHC's future plans will depend on the Company's ability to attract new funding. The Company is implementing a series of steps to fund the geophysical work, including magnetic/gravity and seismic surveys, prior to securing potential farm-out on Chad acreage. The fund raising might include:


Farm-outs of part of the Company's assets in Kenya, Chad and the Sao Tomé and Príncipe Exclusive Economic Zone

·Issue shares of common stock through a registered direct offering
·Convertible loans and other debt instruments
·Other available financing options