Many here hope you're wrong about the valuation of this company. However, sometimes we actually get what we are trying to attract. Hope thats not too complicated for people to understand.
ME, I'm attracting what many here believe is actually true. OK ankle biters, have at it...lol
I was in Katy, TX the past 4 days for a wedding. Katy is 30 miles west of Houston. I was hoping to go to ERHC's office and look for Peter N (maybe under the desk), but didn't get a chance. I would like to go to the next shareholder meeting but don't know when it is or if it interferes with my present plans.
ERHE had a market cap of $75M before the toxic misjudgment Ntephe and Odobulu chose to inflict on us. That was with $10M in the bank. Back when they were drilling in the JDZ that ran to up to $700M.
The reverse will leave us with 30M shares out. Can the run into drilling return the market cap of the past? Assuming the sale of the EEZ block fixes the cash problem... I think $200M+ is reasonable going into Kenyan drilling.
$200M / 30M shares = $6.66 share price.
Getting to a better exchange is well within reach. I suspect that you are WELL aware of that. Good luck. For now until drilling is going to be nothing less than chasing it up.
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