Replies to post #250578 on ERHC Energy Inc (ERHE)

[Strategyone]

wtao,

Very unlikely scenario you present (but possible) and I will give you my opinion why.

If at .08 a RS happens and ERHE opens at .80 with 73 million shares, it will rapidly tank (my guess .20 - .40). Then if they attempted to raise the remaining $47,000,000 from the shelf they would need to sell 235,000,000 new shares at .20 with a remaining total of 308,000,000 share for which SEO would own around 36,000,000. He would lose control easily and this whole venture of his would be lost.

This is an over simplification of potential future events and it probably would not unfold all at once but the market would quickly catch on to the desperation for raising capital and reflect it in the share price.

One final comment about the shelf. Due to the share price reaction to the mini-shelf placement in 2010, it will be extremely hard for ERHE to even find suitors to purchase private placement shares UNTIL some major news hits. This is why I have NO fear of ERHE hitting the shelf for anything anytime soon.

All bets are off if Total strikes more oil in Block 1; Total hints of area wide development; or if SEO and ERHE strikes another ADDAX type deal in the EEZ (cash plus carry) or Chad.