Replies to post #17129 on ERHC Energy Inc (ERHE)

[RUBY1100]

in BL 5 we have what 30 days to cough up $5 Mill or so
do we just transfer the incoming monies from BL 2,3,4

plenty leftover for a hellova Valentines gift

[Lugheads1957]

The fight against the massive dilution is simple - as stated yesterday just call or write the transfer agent and they will tell the OS count. Anyone touting dilution against numbers showing otherwise from the agent has no argument. Point it out once and move on. It doesn't get any easier than that to fight the dilution argument, unless we get blindsided with a major exchange like for the debt last year.

However, the 10-K did make clear that there were two probable scenarios for increasing our cash - obtaining it from negotiations with our partners, or BUYING it from Offor at $.175 cents per share (which would change buying $3 million as snow suggested at a cost of about 17,142,857 shares from the original quote of 10,000,000 shares). There may also have been a mention of getting a new line of credit - I think.