Replies to post #311447 on ERHC Energy Inc (ERHE)

[midtieroil]

I believe there is a reason that ERHC has refused to disclose what was received for 100% of Block 11 in the EEZ. And I believe that reason is because it was a paltry sum which is insufficient to pay the costs up to and through drilling.

If ERHC received a large sum they would be bragging about it and would be telling the market to raise the share price and lessen the impact of the reverse split.

Instead they are deliberately hiding it from us. That definitely raises the possibility of more convertible debentures and more dilution.

[zulual]

Administration won't bet their salaries on the luck of drilling, they have to negotiate the toxic debts asap once PPS goes up 10000% upon the time of RS.