Replies to post #286194 on ERHC Energy Inc (ERHE)

[midtieroil]

So are you saying companies like ERHC shouldn't disclose because then that would cause the share price to rise to the level where it is fairly priced. I'm not sure that is a good argument for not disclosing. I already own the stock and I will make money if it is fairly priced. And I assume that is true for almost every current shareholder.

And I still think there will be NO additional info on the JDZ in September. I honestly don't believe there is a way forward that includes a full carry for ERHC and I don't believe ERHC will be able to raise capital to drill any more in the JDZ.

I do believe ERHC will be able to raise capital to drill in Kenya if CEPSA decides to go forward and if CEPSA does not carry ERHC. But it will cause a LOT of dilution. And I believe that is what is holding the share price down now. It is the uncertainty over who is going to pay for those costs. And I believe this stock is going no where until that vital information is fully disclosed and made perfectly clear to everyone. That is why I want disclosure, because it WILL make the share price go up. It's really not that hard to understand and EVERYBODY who wants the share price to go up, should want that ASAP.

[ssc]

Either of your scenarios, 1 or 2, demonstrate the weak bargaining position erhc found itself in when the offering failed. Giving away 55% for either of those scenarios is not too good but probably the best they could do considering their cash-poor situation.