Replies to post #322138 on ERHC Energy Inc (ERHE)

[ssc]

Boring stuff. Why not go back to your statement about how the price of oil and erhc stock were going to "skyrocket" yesterday because of bombing Syrian airstrip? That was much more amusing. lmao

[emdyal]

Good point ! There is a certain amount of angst and fear that sets in whenever the SP goes up 100% and sets there over the weekend ! lol

[midtieroil]

You are actually saying you would prefer ERHC spend the rest of their cash on salaries to a management who has failed miserably rather than give them stock and preserve their cash?

That is a terrible argument. There are billions of shares of dilution going to the convertible debenture holders anyway. A few million more to management wouldn't matter a bit. You tell me what happens when ERHC has zero cash? They go under and declare bankruptcy. That's what.

ERHC owes 2.7 million in debt to the IRS. They owe 9 million to CEPSA. They had under 500,000 in remaiming cash at December 31 and likely far less now. As far as we know not a dime of salary reduction has occurred. That is not OK with me and it shouldn't be OK with any other shareholder either.