Replies to post #263328 on ERHC Energy Inc (ERHE)

[tryoty]

My best guess to your first question is they are putting this authorized in place for future plans.

My best guess to your second is they see value.

I would like nothing more than for ERHC to chime in here, but the cloak of communism may trump logic in this one.

[BuffaloTrader]

I think MTO has made the case in the past that to attract the kind of partners and deals we want, we need to do the initial exploration work - seismic and such. Only then will ERHE be able to really show what it has and only then will a partner be willing to fork over something significant to participate. That's my assumption of how this plays out. They'll place enough shares to get the ball rolling with seismic, etc. and then assuming that work turns up some promising leads, a partner will jump onboard. Those who want to know why ERHE didn't just place the remaining 250MM shares that they can today aren't doing the math - the $20MM or so that would raise just isn't enough to do get the ball rolling in Kenya, Chad AND the EEZ.

Disclosure: I think this is the first time I said MTO was right.

[Julius Erving]

Again...i won't judge until i get the details. there has to be something more to this than just tripling the share count for nothing tangible.

We asked ourselves that very same question when they put in place that ridiculous 75 cents stock option.