Replies to post #225459 on ERHC Energy Inc (ERHE)

[Lickety Split]

TheDane,

I hate to say it, but thinking that 1 Billion is a limitation isn't quite accurate. They can always do creative things to wash, rinse and repeat. Notice I didn't mention the dreaded word to reduce the 1 billion to something half that amount or even less.

Strass

[tryoty]

To make the math easy, assume for a minute that ERHC's JDZ assets are worth $7.24B. That equates to $10 per share.

Now raise $50M at 18 cents, icreasing shares out to the billion authorized.

$7.24B / 1,000,000,000 = $7.24, plus 7 cents to account for the $50M raised. So ERHE's new potential is $2.69 less than it was before this plan.

Do you believe Offor will allow his (our) future value to be raped like that to gain a useless amount of cash now? I don't.

If Offor is on board with this plan there is a reason. If he isn't, we should see Ntephe's walking papers shortly.