[simon_64]

Thanks Future .

Yes i noticed that when RBD owned the Cali licenses the water disposal costs were wiping out any profit and i could not understand why they had not drilled a water disposal well as they had stated they would. Thanks for the explanation.

[futrcash]

Still waiting on salt water disposal permits-

California remains a highly litigated state regarding environmental issues

Without the salt water disposal well,Daybreak has to incur unsustainably high costs

Hauling the salt water to a third party disposal site

futr

[simon_64]

Morning JJ and all.

I am a UK investor hold a lot of RBD for over five years now. Very frustrating.

We were all lead to believe DBRM were going to undertake three drills this quarter.

Has anyone heard any whispers ?

GLA.

[maverick one]

Smart on Ibonds- I’ve had them in port for awhile and added more recently - yeah sad unfortunate situation here.

It is what it is. The dilution is possibly going to move it down. Your a good person perhaps some day we’ll talk off line.

I’ve seen numerous tiny shells go the dilution route and as any public shareholder, nobody imo really can do anything about it - except decide to avoid, dump or buy.

It didn’t surprise me completely - I figured eventually there was possibility they could.

Who knows what their up to and if public shareholders are going to realize any gains here.

I’d like to think somewhere out there, that good positive Corp releases will someday come out and the stock turns green, with positive successful new wells drilled and who knows maybe PPS rises by drill bit. I just don’t know how that can occur now with the huge dilution. Not saying it’s not impossible - we just don’t know.

I avoided all crypto or Bitcoin - LOL- no thanks as well.

Sometimes-if a public shareholder if they have really a little capital and strong interest in a stock - or more important a biz sector and no frills tude- there are always opps to start their own small corporations and if possible buy their own shell or create one- and do what most tiny companies do - dilute their shares or choose not to and tax the breaks come with it.

Or don’t buy a shell at all- stay private.

I’ve always scanned for diff biz opportunities, outside of buying companies public stock. Basically control my own destiny.

Daybreak had potential maybe - still may have. But imo, I’d rather buy my own oil/gas leases and reap the benefits myself. Sure it’s risky- but at least a person can control it themselves and decisions have to be made. It’s like that in any biz.

I still hope they get it together someday here. I mean they have capital again, and if they pop a well decent size well with good flow- then do a 2nd and 3rd whose to say what can or not occur with this little company, as always anything is possible.

No doubt Jim stuck with this and maybe there’s something -someday- that still could be some good coming out of this haze after all these years and ashes.

If they do drill some pretty good wells and over this next 4 quarters - reduce their fiscal debt servicing with positive cash - anything is still possible - who knows including maybe other potential new acquisitions regionally.

I’m not ruling anything out here. I’m just not paying anything near what trades at. That’s if decide to even go that route.

But it would be a curve ball, if they shocked everyone and all of a sudden things start going right direction. I’m going to stick around until I see what they do with this round of capital. After that- if nothing occurs- next year- I’ll exit.

[jjwood]

Hey Maverick, Thanks for the wishes, hope you had a great thankgiving as well. I ended up selling most of my shares, I really think now that this will have a much diluted bad ending. They seem to be doing nothing at all. If they are, they are not communicating. I wanted to get at least .04 per share before .005 shows up again. I check the boards from time to time but I honestly think dbrm and reabold are both scams at this point.
But hey, I look on the bright side, I never fell for the crypto scam so I saved a bit o money there.
I may buy back if//when I see a dip and a press release. I had too many shares, too much to lose so I bought some other, more active speculative stocks. I also put 50K in Ibonds at 9.62% because I dont really trust the market right now. I'm getting closer to retirement so I'm trying to be careful.
Hope ypu are well!

[maverick one]

JJ- hope you had a thanksgiving.

Not much news released after merge/acquisition. Keep holding onto a glimmer of hope, maybe someday.

After all these years- we all understood Rome wasn’t built in a day.

Not sure, if they can raise PPS just by the drill bit - if in the future, they actually do occur- PR’s reflect positive developments. That’s from a shareholders perspective (not theirs).

[maverick one]

After how many long long years... like to see them succeed, but it is what it is. But, I don’t try to read into anything and get hopes up. They might still pull this off, but at what cost? Reabold owns % of company now, massive increase shares. It was a bold move acquiring Reabold. However, it’s a wait and see on results.

I IMO, just don’t see how they can get this up to a potential higher listing someday without a RS- unless PPS increases dramatically and stays there, then they execute a RS.

I don’t think imo it can be achieved either with PPS being where it has been for many years/ that’s if what their intentions might be. But hey what do I know right, I’m just a armchair QB- like everyone else on outside looking in- going LOL- what if or what the hale?

[jjwood]

up today, dont know why, this company sucks

[maverick one]

IMO- surprised you got that .038...with that massive OS- I’m wondering if it’ll get .01 or sub penny down road.

Had such high hopes as you did for years...cant win them all.

[jjwood]

I think JW is a bigger con man than we thought. I sold more at .038 the other day. Reabold is a scam as well, but harder to track overseas.

[maverick one]

JJ- what do you think of daybreaks performance over the years and now massive dilution?

[maverick one]

Dilution could be for buying toilet paper for the crapper for office, a coffee pot and coffee, hand sanitizer for bathroom, making of hand tools and buying of Mules to pack in and try and explore a part of that massive oil claim in kern with that 3D, they have touted for decade + . That stock price sure is a robust one indeed. Over priced imo - is it really worth anything at all? Why even have a public traded company - when it’s paltry in PPS, laden with debt, why even keep trading with its costs?

How can it be justified to trade at even .03? It’s ridiculous.IMO market is below .03... to justify acquiring.

[maverick one]

No trades guess there’s no demand/market at these prices or any interest.

[maverick one]

Hopefully for good reason, who knows. But dilution imo is far too massive. Pay salaries and then huge RS on horizon?

Pretty vague situation imo. By design possibly. The .05 I’ll pass on that.

[jjwood]

for years jim refused to dilute the o/s, now he has gone hog wild. I think dilution is in place to pay salaries. Still not sure why no promotion.

[maverick one]

Right. 7 times more in OS, massive dilution landed upon us like a Abrams tank, out of the blue. So what a coming RS 1-7 to match new bloated massive OS? Or even higher?

High debt financials imo, lovely, what are they doing for Pete’s sake? If it’s that allegedly SO bad, how are they even still running kern wells?

Public shareholders, imo, do not have the specifics on operating agreements and revenue splits with Reabold? If there’s any at all?

Gee I wonder where their drilling next? Does it matter? Sees like the filings, imo quarterly always showing nothing but debt debt debt. IMO- even if they were to get lucky and hit a higher well, what will future filings look like, they might just keep filing negative debt financials.

Why even be a filing public company right? Share price always never realized any momentum. The announced MI project nothing came from it, no PR’s, KY imo was a catastrophe, Kern hasn’t been fully explored or developed over how many years now? Even if they do- low production thick oil and only 1 buyer?

Now there’s a 42% partner from left field?

We’ve been here so so long JJ- not cool imo. Imo, could be a complete merger set up for Reabold to take over daybreak.

Not impressed after all of these years, up to this date.

[maverick one]

The dilution is massive, debt piled up. Sadly disappointed in daybreak as of lately.

Really wish the dilution had not occurred.

JJ I think with the market here, there’s really no demand for buying their diluted stock, extremely thinly traded. PPS crept to .05- bc of Reabold news imo - but sadly that was before this latest filing, after this - who knows after all these years.

I don’t see the .05 value either- not even close-I’m with you on that fact- we’ve been here a long time.

When I read the filing - I got that lump in my throat. First thing came to my mind - how can they not get to higher exchange without a RS at some point? If they do- what’s the split what 1-10, 1-7, 1-20? IF they RS, will stock price decline after?

The kern lease really has been imo a bust, just not enough barrels of production with thick heavy API and ONLY a singular buyer of it to market. The debt too. Lack of further exploration over many years. What if their oil buyer stops buying? Yeah I wouldn’t be in that. Risk is very very high imo.

The Reabold situation - imo I was surprised how it was structured but who knows with daybreak - we’ve been here before down this road.

[maverick one]

The dilution is massive, debt piled up. Sadly disappointed in daybreak as of lately. Really wish the dilution had not occurred.
JJ I think the market here is extremely thinly traded - I don’t see the .05 value either- not even close- we’ve been here a long time. When I read the filing - I got that lump in my throat. First thing came to my mind - how can they not get to higher exchange without a RS at some point? If they do- what’s the split?

The kern lease really has been imo a bust, just not enough barrels of production with thick heavy API and a singular buyer of it to market. The debt too. Lack of further exploration over many years. What if their oil buyer stops buying?

The Reabold situation - imo I was surprised how it was structured but who knows with daybreak - we’ve been here before down this road.

[maverick one]

The dilution is massive, debt piled up. Sucks.

[jjwood]

They were begging everyone to vote.. vote for what? dirtbag of the year?

Nominee Votes For Votes Withheld Abstentions Broker Non-Votes
James F. Westmoreland 335,976,085 200,333 0 12,365,361 Timothy R. Lindsey 335,976,085 200,333 0 12,365,361
James F. Meara 335,976,085 200,333 0 12,365,361
Darren Williams 336,173,884 2,534

[jjwood]

I agree with everything. O/S used to be 52 million, pps was .01 or so now its like 7 times that (384 million) because another company, reabold, that basically rents out office space in Britain, decided to find a target company, DBRM, to run a scam, by diluting etc. The only thing that surprises me is that they didn't promote this POS so we could get out.
I obviuosly cant get .05 out of this turd anymore so I will just whine and complain.

I see an r/s coming as well with the old tag line "we need to get the pps up to move into a higher listing. I am surprised they still file with the SEC, its a little embarassing.
I didn't think I could get screwed any more at the low pps but I did, LOL

I'm sure Jim sleeps like a baby.

[maverick one]

Hope your well JJ on a personal note as well, sorry we had to go through this here for as long as we’ve been here. I agree, trust is fleeting and confidence has weakened. I really thought, ok, this could be possibly it. Then that’s released. Smart offloading at .05 now oil is sliding. I wouldn’t buy it at .05 or anywhere near it. I see a potential RS down the line here. They haven’t been successful enough to merit a current bid/ask nor through the strategy of through drill bit, meanwhile Houston we got a big problem with overwhelming debt servicing that never goes away. This is really a stinker low moment here.

[maverick one]

Each filing, it’s getting harder to stick around here. I don’t see imo, the value in the bid/ask after seeing this latest. What’s it worth sub penny maybe .015, I mean how do you value this?

Ice ice baby, it’s a smelly smelly baby. I can imagine the next if what you want to call them PR’s over next few years and more in debt filings, carefully constructed of course. What skill. What a joy.

You see the parachute don’t you. I do.

[maverick one]

Filing wasn’t imo a good one.

[maverick one]

Notice the filings, their always in massive debt? Here’s a thought. What if Reabold since they own 42% now turns around acquires daybreak? If that occurs, I’ll say it now, thanks for the memories Jim.

Reabold trades in England, I believe, maybe this is really all about a slick initial hey we’re acquiring Reabold, but it’s actually the other way around? So Reabold can get a foothold in an American exchange? Surely not saying it will occur, but 42% is quite a bit of percentage, not to be overlooked.

It is a potential scenario imo. Anytime anyone takes on a partner, it is plausible.,This has been a cluster suck for far too many years. The performance of the companies heavy thick oil kern lease, imo with such low % and low production, with high debts really imo is a disappointment.

How many PR’s will be issued blah blah about we got drill permits x y z and ya da ya da on a old tired 10+ year on a 3D...LOL.

How do they plan to ever jettison and start paying down all of this debt, without taking MORE on, through the drill bit? Well how was that worked for 10+ years. Bullpucky imo. Those new Wells would have to glow on reabolds leases 100+ barrels daily for a couple years to pay this off imo.

So what imo I see, will be PR’s saying yeah we got permits, company is pleased and excited about permits, but the filings imo likely will show debt, possibly added on, unless they can drill gor free, which we all know is impossible.

[maverick one]

JJ- What do you think of the companies stock performance and overall company direction under this CEO? They lost me here somewhat after this latest filing.

[jjwood]

pps is starting to reveal that this is just a scam, I sold a decent chunk at .05, I will ride the rest into the dirt. No press releases for almost 3 months, lol. I thought this was a big deal? Reabold = scam.....Dbrm = scam
Maybe we need more 3d surveys to find jims buried money?

[maverick one]

We were curious as to how it would be worked out, LOL, they own 42%. Golden parachute is now deployed. What about shareholders - looks pretty darn stinky is right.

[maverick one]

Pretty funny sheet, what they did. Why even be public traded?

Tired of this long ago...too many hiccups farts and just whatever.

.05 for this CRAP. LMFAO. What lovely glowing financials with a imo paltry low production stake in kern. Millions listed in debts. Yeah - houston we got a problem, imo.

Same ole same ole, throw a Weiner down the hallway. Crock of you know. Pretty predictable next PR’s which never do much for public PPS increases worth a jack.

I wonder how many shareholders have ever visited daybreaks offices and met with this guy, start asking for explanations and accountability. Stock price is and has been absolutely in the dump for many year JJ.

[maverick one]

Sad deal

[jjwood]

Wow this stinks

from dbrm website
05/26/2022 Daybreak Announces Completion of Its Acquisition of Reabold California, LLC

from reabold website
Merging the Daybreak and Reabold California businesses has created a US listed, Californian focused E&P Company, in which Reabold now owns 42%.

THEY OWN EACH OTHER LMFAO!!!!

[jjwood]

No I had not looked, but I trust your review. Oil is dropping, put this thing back in mothballs. I'm guessing somehow Jim got a good payday on the recent deal of course off the backs of shareholders. The only thing the Reabold deal did was dilute the heck out of this. Pretty sad. At .05 I am tecnically up a few percent, I may just get out slowly and try to escape. No reason to hold imo, they sat on their hands the whole time oil was way up. Glty

[maverick one]

You see the filing?

Going concern, massive neg debts, their going to drill potentially a few wells? Fairly predictable press release because of track record.

I just don’t understand the strategic long term plan here with these types of filings. Where’s the potential upside for a potential new public common stock buyer?

Those are imo terrible numbers. Especially with imo low % owned in kern. But yet, for such a low % owned in kern, why all of this tremendous massive debt? If daybreak is so in debt, how are they keeping doors open, right? So are they making any profit at all? Only 1 buyer for their production in kern? What occurs if that goes away?

Because imo, that looks impossible with those numbers and low % owned in kern.

[maverick one]

Where is the rise in public shareholder values from drilling on kern over 10+ years? Drill bit strategy to date hasn’t really increased PPS and stayed up. Mississippi former ops imo was a totally different set of dynamics. Where is this going shareholder value wise in future appreciation JJ?

How do we look at this and attempt to gauge companies performance imo for a decade + to date. IMO - it’d be nice to see some appreciation in public share price...1 million barrels allegedly hasn’t raised shareholder PPS, as of yet. Why even discuss that as in years past? It’s like LOL driving on a flat tire for many many years and now the rubber wore off and it’s on a steel rim shooting sparks?

LOL what’s next a predictable PR- ugh yeah we’re pleased to announce a drill permit or 2 for xyz? I mean could produce a slight bump who knows. Potential potential potential. I really wished it would go up.

We really need to get PPS up here imo and stays up. Have we not been loyal LOL? I would like to think Jim would understand concerns about share prices for many years now.

Mav

[jjwood]

Yep, I didn't think JW would stoop this low but imo this is a modern day scam. Might as well be trading in the pink sheets, etc. Forward looking press releases, a million barrels of oil, BLAH BLAH BLAH. What a joke!!! I'm all done, But I have not sold yet, technically Im still in the green, NO PRESS RELEASE at this point could make me trust these idiots again.
On a personal note, hope you are doing well.

[maverick one]

That’s a lot of board feet brother - perhaps we should start a Xmas tree farm together out there in MI, LOL. Maybe daybreak will do a lease package on their alleged MI acquisition and we can grow them on top of all that alleged oil in dirt. I’ll get a Santa Claus suit, off eBay, fake white beard, for Xmas and put some farm animals out there as well a petting zoo deal. You can get your lumberjack outfit on too.

We can market it as a combo Oil - Xmas tree deal. Where oil hits the trees from spindle top black gushers, and we’re enviro friendly expunging carbon from the air. Heck you can build the spindle tops old school style with that lumber of yours.

Then we can branch out to CA- perhaps negotiate with Jim the rights to herd some goats & sheep to eat the weeds on those thousands of acres, and chaparral. You can bring that lumber out ship by semi and perhaps we can approach them again with a second JV, this time with spindle tops built by you in that lumberjack outfit of yours, and if they gush black gold, we’ll have some very unique looking goats and sheep. We can shave the sheep and sell to China very special unique black and white colored wool.

Think Jim, and his amazing board will approve, of such a deal? Heck at least we’ll possibly come up with enough $, to help pay them enough to pay for the $15,000 it takes to be trading on mid tier OTC. You know- we help them type of deal they help us back. Heck it would make a rootin tootin “woke” PR, for the millions of potential new shareholders out there, just needing to be “woke.” Now that’s a PR, JJ I think can really attract some investors and help support the company bottom line and maybe increase financials a little.

[maverick one]

RS could be in works imo...eventually...at this level- there’s always that possibility. IMO, there is not much chance of moving ever to a higher exchange, without doing one, if PPS isn’t higher.

Perhaps imo, a fresh name change may actually help the company, might be better long term for the future health and growth of the company and shareholders. This has just dragged on imo far too long.

IMO- the time for execution is NOW- over the next 4 quarters - we can’t just keep repeating ground hog day over and over. Why acquire another company and BOE, and fail to not capitalize on it? It would actually be refreshing to start to see actual drill permits issued and forward progress and better financial track record over the next 4 quarters. Something to hang hat on, and potentially acquire other assets and internally roll up.

It’s put up time...

Zero evidence they are going to do a RS- just my pure speculation- just a forward thought of what could be out there in the future, who knows.

[maverick one]

Maybe we get lucky and it’s a APP deal all over again...yippee. Wasn’t that a wonderful adventure for shareholders? Master stroke of genius imo.

They really delivered didn’t they SO much unlocked potential, with such tremendous upside in trading values, then of course the lovely MI deal - that created such tremendous BOE and robust financials. LOL...please take us back to MISSISSIPPI.

Shooting blanks over and over and over- for over a decade now.

Yeehaw. Rawhide. Flawless.