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Anyone else incur a fee for the r/s? 38.00 fee from etrade
Well I shouldn't complain, at least there is a pulse, it could have ended a while back with a mountain of debt. I've got some time to wait. If any revenues come in it will be interesting as well as finding out where the O/S ends up at. It was nice when they would roll out the quarterly oil production numbers years ago.
I'm still pretty much on the fence on Dbrm's future. From the latest press release, "we are producing 75 barrels of oil per day", when does that become revenue? was the .02 cent per share deal executed on that huge volume day a few months back? How does a stock trade more than its current O/S in a day?
They were really pushing this recent vote, calling my residence on a Sunday as well as emailing me encouraging me to vote,. The way the shareholders have been treated in the past doesn't really make me want to do anything but get out with a profit if possible. These other companies that Jim has hooked up with look as questionable as daybreak. We will see what happens or if they are just blowing smoke again. I have never seen a company supposedly sitting on so much product at close to record price levels but not actually selling it? I guess I'm just a simpleton.
And oh yeah, they spoke of the Michigan 3d surveys again, lol.
bought a nice chunk of pays at 1.28 this week, for sale at 1.90, hope it fills within a year. glta
SPOKANE VALLEY, Wash.--(BUSINESS WIRE)-- Daybreak Oil and Gas, Inc. (DBRM.NaE) (“Daybreak” or the “Company”), a Washington corporation, is pleased to announce that it has completed its acquisition of Reabold California LLC. Reabold California is now a wholly-owned subsidiary of Daybreak.
James F. Westmoreland, President and Chief Executive Officer, commented, “We are pleased to add Reabold California LLC into our portfolio of oil and gas properties. Daybreak now owns approximately 1.1 million barrels of proved oil reserves from 35 wells worth approximately $23 million dollars with significant development potential. We are now producing approximately 75 barrels of oil per day and we expect to increase that significantly over the summer through development drilling and selective workovers on our existing acreage.”
Daybreak Oil and Gas, Inc. (DBRM.NaE) is an independent crude oil and natural gas company currently engaged in the exploration, development and production of onshore crude oil and natural gas in the United States. The Company currently operates in California’s Kern, Contra Costa, and Monterrey counties. The Company also owns a 3-D seismic survey in an oil producing area in Montcalm County, Michigan. Daybreak seeks shallow oil opportunities in and around its operating areas in California, as well as other known oil producing regions in the United States. The Company is headquartered in Spokane Valley, Washington with an operations office in Friendswood, Texas.
More information about Daybreak Oil and Gas, Inc. (DBRM.NaE) can be found at www.daybreakoilandgas.com.
Certain statements contained in this press release constitute “forward-looking statements” as defined by the Securities and Exchange Commission. Such statements can be identified by the use of forward-looking terminology such as “believe,” “expect,” “may,” “should,” “up to,” “approximately,” “likely,” or “anticipates” or the negative thereof. These forward-looking statements are based on our current expectations, assumptions, estimates and projections for the future of our business and our industry and are not statements of historical fact. Such forward-looking statements include, but are not limited to, statements about our expectations regarding our financing, our future operating results, our future capital expenditures, our expansion and growth of operations and our future investments in and acquisitions of crude oil and natural gas properties. We have based these forward-looking statements on assumptions and analyses made in light of our experience and our perception of historical trends, current conditions, and expected future developments. However, you should be aware that these forward-looking statements are only our predictions and we cannot guarantee any such outcomes. Future events and actual results may differ materially from the results set forth in or implied in the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: general economic and business conditions; exposure to market risks in our financial instruments; fluctuations in worldwide prices and demand for crude oil and natural gas; fluctuations in the levels of our crude oil and natural gas exploration and development activities; our ability to find, acquire and develop crude oil and natural gas properties, including the ability to develop our San Joaquin and Sacramento Basin properties in California; risks associated with crude oil and natural gas exploration and development activities; competition for raw materials and customers in the crude oil and natural gas industry; technological changes and developments in the crude oil and natural gas industry; legislative and regulatory uncertainties, including proposed changes to federal tax law and climate change legislation, and potential environmental liabilities; our ability to continue as a going concern; and our ability to secure additional capital to fund operations. Additional factors that may affect future results are contained in our filings with the Securities and Exchange Commission (“SEC”) and are available at the SEC’s web site http://www.sec.gov. Daybreak Oil and Gas, Inc. (DBRM.NaE) disclaims any obligation to update and revise statements contained in this press release based on new information or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220526005528/en/
Source: Daybreak Oil and Gas, Inc. (DBRM.NaE)
Well the hours it would take to report it would definitely be a waste of time, I have been down that road and I would rather just lose my investment. I knew going in it was risky and while I dont mind seeing companies fail I hate blatant scams. Really a 7 billion dollar order, Lmao Glty The ceo is a POS
they're not real, just like the last several press releases. I'm just not sure why this goof is still trying to fool people since the stock doesn't even trade.
I got a phone call on Sunday asking if I want to vote in regards to Dbrm' upcoming meeting proposals. Lol that is a first . But my vote won't matter anyway. They will do what they are going to do regardless.
I agree, even though many companies may be nearing lows. I own enough stock at this point and I just maxed out what I could purchase for the year in Ibonds at 9.62 percent guaranteed return. Yes the market is so boring that 9.62% thrills me. LOL glta
Your Board Of Directors Unanimously Recommends That Stockholders Vote FOR All Of The Proposals On The Agenda.
- 1. Approval of Equity Exchange Agreement.
- 2. Approval of Second Amended and Restated Articles of Incorporation..
- 3a. Elect Director: James F. Westmoreland.
- 3b. Elect Director: Timothy R. Lindsey.
- 3c. Elect Director: James F. Meara.
- 3d. Elect Director: Darren Williams.
- 4. Advisory Vote on Executive Compensation..
- 5. Frequency of advisory vote on Executive Compensation..
- 6. Ratification of Independent Auditors.
- 7. To approve the adjournment of the Special Meeting, if necessary or appropriate, to solicit additional proxies..
Hey Maverick, you are more familiar with the process, How long does it take to get drilling permits? are you still out in the California area ?
lets hope, if there is a million barrels of oil one would think this has value.
I don't have level 2 quotes to check the line up but when dbrm had made moves over the last couple years it moved pretty fast with volume. Most likely more shares out there now however. glta
decent volume today
I agree, I cancelled my sell orders at the moment which were fairly high but I don't want to leave too much money on the table.
Sorry, the news on the website was not as new as I thought, it was the Feb 22 news
A street view of the new jersey location from march 2022 shows the coates sign still by the road and 7 cars in the parking lot
This is strange, he obviously is not trying to sell shares. There is new news on the coates website. I guess the big question is are our shares any good any more? probably not.
no, not at all
I think the only reason I hung on here was the fact that they went years without dilution or reverse splits but it all looks like it could happen now, imo
it was your post not mine, if this thing ever hits .10 I will be gone for good
how did that .45 value work out? dbrm is much more diluted now
If you look at the history here they used to produce and sell oil so I am not sure what you are saying. Tons of revenue producing otc companies out there, dig deeper.
I agree. So far we are left with a non producing, much more diluted company. Somebody made money, just not the common shareholders.
I appreciate your posts, the group that appeared left just as quick. This thing has barely had a heartbeat for 8 years.
Wow, its so slow here even the moderators left. Looks like the spike in oil will pass us by and DBRM can use next years recession as an excuse not to drill. ho hum!!
100 percent agree with that. I've never seen an r/s turn out positive in the long run. glta
Thanks, Hopefully it does not go higher.
What does Cbdd have outstanding now like 6 billion shares?
I think that's a problem here. Cbdd, even with decent revenues, has to dilute. The share structure is not good and companies in the pinks and otc rarely buy back shares. hoping to break even here.
Nice day again. would have been nice to add a month ago but I have enough, and a buy from me would have driven the price down, lol. Be great to see a penny again.
Lets hope so. I was reading some of the posts from 2014, Dbrm had SO much more going on back then. Production in Kentucky and elsewhere, now they just push shares back and forth to baffle the shareholders and dilute the company. I mean, why would they want oil production at the current price per barrel, LOL.
I guess I just don't understand. And What happened to the pumpers?
Tell me this isn't smoke and mirrors!! LOL
The purpose of the transaction was to convert $1,065,086 in certain debt owed to Mr. Westmoreland into 2,366,859 shares of the Company’s common stock as per a certain Equity Exchange Agreement (as amended, the “Exchange Agreement”) by and between Daybreak, Reabold California LLC, a California limited liability company (“Reabold”), and Gaelic Resources Ltd., a private company incorporated in the Isle of Man and the 100% owner of Reabold (“Gaelic”), pursuant to which the parties propose for a plan of share exchange whereby (i) Gaelic will irrevocably assign and transfer all of its ownership interests in Reabold to Daybreak, and (ii) Daybreak will issue 160,964,489 shares of its common stock to Gaelic (the “Exchange Shares”), which will result in Reabold becoming a wholly-owned subsidiary of Daybreak named “Daybreak, LLC” and Gaelic becoming the owner of Exchange Shares (the foregoing transaction, the “Equity Exchange”), on the terms and subject to the conditions set forth in the Exchange Agreement
I agree, and in the past month my view of this company is that it has become pretty questionable. Did they make this deal to dilute this thing even more? Again, no talk of oil production, always a friggen excuse. And then they hook up with another questionable company. I had been adding on dips up until a few weeks back, now I am done. hopefully some firm can pump this up to fill my sell orders. Its turning into smoke and mirrors, it almost seems like oil drilling is the furthest thing from their minds at this point, hope I am wrong.
Reabolds contact phone number also, when searched goes back to a company with the name Falcon oil and gas.
Reabold not listed as a Tenant in Broadgate tower a few months back.
Occupants
Current occupants include: [4]
SOM
Reed Smith
Liquidnet
Your World
Itau Bank
Hill Dickinson
Itochu
Regus
William Blair
Trading Hub
Dickson Minto
Tradetech Alpha
Equiniti
Gill Jennings & Every
Ricoh
Remember how highly they thought about Michigan and the 3D surveys lol. They have been so passive for years and looking at this Reabold company really makes me wonder, are they trying to sell shares just to pay a few salaries? I won't be popular for this but I don't have a warm fuzzy feeling. I am hoping they promote this again like years ago because the O/S will probably increase every quarter now.
Also, Reabolds London address in the Broadgate Tower is basically a location that rents office space and virtual addresses for companies. That may be good or bad but I like physical locations for established companies.
Maybe a great press release will come out for DBRM but my sell orders are in at many different levels. Jim can be the nicest guy in the world but seems to have bigger hopes and dreams than reality allows. I also still wonder how they wiped millions of dollars of debt clean a couple years back..
I guess if the can't make a move when oil is 100 dollars a barrel we are kinda screwed.
stay tuned I guess
They need to start some output first, lol.
more info on their website, maybe not enough though.
Unfortunately, in looking at reabolds history, their track record is very similar to dbrms, maybe worse. Both have flatlined over time. They just cant seem to separate the dirt from the oil, but manage to sell shares.