Replies to post #253608 on ERHC Energy Inc (ERHE)

[Krombacher]

ok, if what you're saying is true and the options were nothing more than wishful thinking to attract still more board of directors, then now I'm depressed.

I hope it's not rose-colored glasses stuff, and I really hope they have something in the bag just awaiting some small formality to let loose so that they can get their options. And I'm hoping they were able to set the options terms based on this thing they have in the bag.

But, if it's as you say...just rosey thinking...an incentive package FOR SOMEONE ELSE to take this stock to $.75 and above, then God that's depressing to me.

At least all we have left is about a year, and then we'll know for sure if we're done or not. At least we'll have closure one way or another.

Krombacher - the above may be wrong.

[TOB]

Stock option grants in this case appear to be more for retention than recruitment. Though they do make joining the board, or management more attractive for new people, the grants apply only to existing management and board members.

Perhaps they are also tied into the recent hire of Peter Thou, but who are these new board members? Please quote the comment by Peter you are referring to so I can better understand. Possibly ERHC is seeking to add more Board members to add to their political contacts. This would seem to fit how the company operates, and acquires rights, despite having little money and limited experience.

If the stock option grants expire worthless, due to there not being an ~800% share price increase in the next 22 months, then that will hardly serve to recruit additional personnel.

I really don’t get the determination to view these grants as other than a very powerfully bullish indicator. If they had a 5 year expiration and vested at 22 cents than I would also say, ho-hum. But a two year expiration requiring an ~ 800% share price increase? How is that anything other than tantalising?

To me this is an exciting, very positive indicator. The first since I started buying ERHE. But I certainly don't consider this "proof" that there will be an 800% increase in the share price. If such proof existed, we couldn't buy ERHE below 10 cents as we can now!

The charts do show 6 months that have closed above 75 cents in the last 7 years, not one of which is associated with an oil discovery. So I suspect that ERHC expects news capable of yet another run up that sustains over 75 cents. Nothing else makes sense. I also expect that if this happens, it will occur within 14 months. Again, based upon the charts.