Looking at it that way, the $300,000 worth of toxic notes that were still outstanding as of the recent 10-Q represent about 6 billion shares if converted at .00005; that would mean those note holders control about 75% of the company (current o/s of 2 billion plus their 6 billion). And what about that day when the stock traded at .00001? Does that make the current conversion rate .000005? If so, that means those outstanding notes could be converted into 60 billion shares lol. Assuming ERHC stays in business, it looks like the next reverse split might not be very, very close.
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