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Microcap & Penny Stocks : Environmental Remediation Hldg Corp. (ERHC) -- Ignore unavailable to you. Want to Upgrade?

To: Brian Patrick Higgins who wrote (565)	12/20/1998 10:51:00 PM
From: DSPetry	Respond to of 671

Just started doing some DD on this... Got through the 10Q's....Lots of stuff... Can anyone point me to a summary of this stock... Specifically 1) Why did it rise so fast in July/aug 1997?? 2) From what I can read...there are a ton of Warrants on this stock...How many are still left & at what prices do they get exercised at? Any info appreciated. Dave

To: Brian Patrick Higgins who wrote (565)	12/25/1998 10:01:00 PM
From: Sinasi Ugraskan	Read Replies (1) \| Respond to of 671

A couple of months ago, I posted that this stock would go to 1/4 and now it is definitely going below 1/4, because there is so much oil and so many wells are being shut down. ERHC hadn't even started any drilling and now would be a bad time to drill since the cost of production is higher than the oil prices. I think everything will be on hold until the oil prices rises to at least $15/bbl which could take another year or so. Under these circumstances, ERHC is dead. They should have built that old tires recycling plant instead. If you want to still buy it, wait until it comes down to 1/32. IMHO.