TOB,
What is your opinion of ERHC now given the disastrous results of this stock offering? Do you think they will raise the funds in time to move Chad forward or are the payments to Chad the nail in the coffin for ERHC, now having spent so much that they may not survive if funds are not forthcoming.
Do you still think ERHC can go it alone in Kenya? Do you still think that they can demonstrate a higher negotiating position there, or does their financial woes actually hamper that negotiating position?
Does SEO's lack of participation signal to you that SEO has little confidence in ERHC and that his decision was to just let the minnow float aimlessly in the ocean with no captain? Did he abandon ERHC?
Do you still support management or do you now feel some outrage? Are they merely incompetent or are they criminal?
Or have you decided to move on to another investment?
Your responses would be appreciated.
Krombacher