Replies to post #263256 on ERHC Energy Inc (ERHE)

[tryoty]

I think the rights offering is EXACTLY what they will do, and Offor will exersise his rights to retain his 43% control. We each will have to decide if individually if we are willing (or able) to exercise ours to avoid the dilutive effect.

It will be interesting to see how this plays out. Do they know something about the assets that hasn't been released yet that justifies such a large authorization? Methinks what is behind doors 1, 2, 3, and 4 is about to be revealed.

Crack open the piggy banks if you believe in the assets.

It appears ERHC will have the funding they need. Even if most shareholders decide to run away screaming, Offor will ante up and the company will move forward.

[bmu]

mz157 what happens to the poor invester here, who doesn't have thousands more to invest. They would get hurt just as bad with a rights offering as pure dilution on the open market.