Replies to post #366061 on ERHC Energy Inc (ERHE)

[fung_derf]

So then, is the price you listed pre or post reverse split?
Did his group spend somewhere around $150k?
Is he a part of the insiders who have the right to convert their debt to equity through convertible shares?

[badog]

By the way, dickran already suffered huge losses before purchasing the 400 million shares. Those losses were incurred as he/she bought and held erhe all the way down from close to $1 to near zero and was then wiped out by the 1:100 reverse split. The strategy of averaging down (named "dilution insurance" by dickran lmao) rarely works with a pos stock like this one. erhe's largest shareholder now sits in total embarrassment and silence - and huge six figure losses in erhe.

I'm starting to get the idea that my 60,000 shares are worthless. I have $12 riding on this. Thought I had really snagged a fat one here. LOL

Badog