Replies to post #327896 on ERHC Energy Inc (ERHE)

[Tamtam]

Finding the link is easy it's posted twice on Ihub just as easy as doing proper math.

[ssc]

There is a new 8-K. It contains a description of the ongoing arbitration case. The main thing new in the release seems to confirm the belief that erhc is basically out of cash:

As of the date of this statement, ERHC BVI is actively considering, directly and by the auspices of its said parent-company affiliate, ERHC Energy Inc., several financing options for continuing the arbitration, including but not limited to funding by litigation-finance firms. There is no guarantee however that any of such options will come to fruition.

If ERHC BVI is unable to continue to pay for its legal representation and associated huge legal costs and/or does not prevail in the arbitration, the inability would have a fundamentally material adverse effect on ERHC Energy Inc.’s and ERHC BVI’s prospects, financial condition and operations.