Replies to post #268685 on ERHC Energy Inc (ERHE)

[Lickety Split]

If the offering is not fully subscribed there will be a severe lack of funds to keep a going concern properly funded. The minority shareholders, even if fully subscribed by every humpty dumpty out there would still not be nearly enough to keep the company properly financed for any amount of time. And, forget about funding operations in two african countries. This is why most current shareholders are waiting to see what the largest shareholders are doing. Believe all you want, but take a good look around you.

I think some here are bettng on a quick flip option. I doubt that will work well enough to get risk/reward odds on the new offerings. Good Luck I think you will need it without a commitment.

[stocks2rise]

No, it is more like I am so far under water on this stock that I can't afford to take the loss. I will not put good money after bad. I will just ride out the storm with what I have. Bust or Boom. Have been here nine years. The company has failed in so many ways but still has managed to stay afloat. The Chad and Kenya deals could be gangbusters or company busters. No partners yet on EEZ. Partners in JDZ are playing hide and seek. No partners in Chad/Kenya. Only about $7 mil. left in the bank. $28 mil owed in the next two years on Chad and Kenya alone. The majority shareholder will not commit to fully subscribe in the offering publicly. If he really wanted this thing to succeed why not let the market know by telling us he will fully subscribe? No AIM listing despite them repeatedly telling us it was going to happen. The list goes on and on. My shares have been relegated to hiding under the mattress for boom or bust. I am appalled at the sp after getting so many friends and family into this stock. That was back when I had faith in the company. Now I can just hope it will go back up enough for them to be able to break even on this thing. Enough said.

[stocks2rise]

Ok, so how do you explain how the JDZ could go from having appx 14 Billion barrels of oil to nothing but elephant farts? After 5 drillings they could not even come up with a million barrels? Why hasn't Sinopec released the blocks? Why hasn't ERHE filed a formal complaint with the JDA on Sinopec's stonewalling? How did they get the Chad and Kenya deals without money? If the rights offering fails how are they going to pay for Chad and Kenya? If it fails then any potential partners will just hold our feet to the fire until we lose 90% of our rights or they will just wait until we have to give them up and then scoop them up for next to nothing. I don't like unknowns. You sure seem to make a lot of assumptions. I deal in facts.