ERHC 10-Q Gets "Thumbs Up" From Investors

A solid quarterly report filed with the SEC Tuesday that shows our company out of debt and armed with enough cash for the next 12 months - a result achieved without dilution issuong new shares - prompted a brief 12.5 percent rise Tuesday afternoon in ERHE's lagging share price, and spurred words of praise and satisfaction from long-term investors.
Probably summing it up best - as he often does - was a post by Balance Builder on Investor's ubL

Not a bad quarterly report:

$1.4 million in cash (very little cash burn from last 10Q)

709,558,919 zero dilution since last 10Q

Gotta love this line:

"At June 30, 2005, the Company has no convertible debt with any related party."

Hmmmmmm....very significant statement here:

"As of June 30, 2005, the Company had $1,416,054 in cash and cash equivalents and working capital of $827,453, an amount believed to be sufficient to fund working capital obligations for the next twelve months."

....and what is the co doing now????

"The Company is in the process of perfecting its interest in the JDZ."

.....and where are the lawsuits we were wading in a few months ago??????

"Item 1. Legal Proceedings

The Company is not aware of any material legal proceedings pending to which it is a party or its property is subject."

I call this a very satisfactory and pleasing Quarterly report.


http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204%2D05%2D024353%2Etxt&FilePath...