Replies to post #253682 on ERHC Energy Inc (ERHE)

[Krombacher]

But had they done the stock options with a strike of 10 cents, then borrowing money to buy stocks wouldn't make sense because all they would have to shell out is 10 cents a share for stocks worth at least 75 cents.

They should've lowered the strike price on that options package, while maintaining the 75 cent vesting.

Krombacher - the above may be wrong.

[Digdeepforsweet]

Krom, secound to last line says it all ...hope I'm very wrong ... but think of the shelf reg. along with the lost of 5mil. In the bank , I'm. Not seeing this bunch change.... Glta Dig.

[vineseeker2]

Or the deal that is going to make the stock go over $.75 is already in the works and they could be charged with insider trading. I believe someone said they are in a no trade period currently.