Replies to post #318810 on ERHC Energy Inc (ERHE)

[ssc]

Try doing some math. The company has no money, is in debt, and is selling new shares at a 50% discount to the lowest price over the latest 20 day period. So right now diluting at about .00055/share. At that rate, every $100,000 raised requires almost 200 million new shares. And the toxic financing by definition forces the share price lower and lower. Last estimate had ERHC owing millions of dollars to IRS and CEPSA. For a real life example look back at ERHC's run to 3 billion shares and subsequent r/s not too long ago when they managed to raise $2 or $3 million. So like I said, do some math.

[lovemelongtime]

At least 3 more.