Replies to post #349460 on ERHC Energy Inc (ERHE)

[Krombacher]

You said,

"No way in hell that erhc will be purchased or that shares will close over $1 in a few short weeks or when Shell drilling results are known"

I believe I've explained the term "anchoring" to you before.

If we "anchor" ourselves to the current share price of $.0005, then a share price in the dollars certainly does seem ridiculous.

Unfortunately, such anchoring is inappropriate because the valuation of the company by Total will not be based on the prior share price but instead it will be based on oil in the ground.

For more on anchoring consider this link:

https://en.wikipedia.org/wiki/Anchoring_(cognitive_bias)_

Krombacher