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Most everything traded near .06 yesterday 280K ish. Could be close; be nice if the company would put out a positive PR but I would not hold my breath for it.
If it were taking off from .01 - .02 I would agree with you but since we are taking off from .04 - .065 range I think we go higher than that! Great assets and a low floater!
Looks like we are about to have lift off
Held all of it's gains today! Still waiting for those sub .04s? too many good things happening here for that!
I think once we clear those .07s we could be a go and it will be drilling announcement won't be relevant for the 1st leg of price movement because we already know what is in the ground. It could happen today and this week
What it is showing is that to get shares, you have to buy rather than wait for people to sell! Unless you're ok with divvying up 225 shares while over 110,000 are bidding at .045!!
Of that 79,892 shares traded on Friday, only 15,225 we're as you say "dumped" into the bid Lol!
We've got this great share SS and acquisition with DBRM and I'm going over charts and find BIX*t make a move this week from under .005 to .33 in 4 days and go check them out, skull and crossbones; go figure
Yea I know your right; the buying has been stronger than the selling the past 2 days. I thought it might actually hold it's gains today then some idiot desperate to get rid of 17K shares dumps into the bid; world classless trader
I just wrote the CEO I think it was telling criticizing the company for their lack of PRs; hopefully he will take it to heart!
Wow; needs to hold it's gains!
Well, we just saw proof that if you're dumb enough to stick 126K shares out there at .045 someone will be smart enough to snatch them up!
No chit lol
They can have my shares at the right price!
Nice 367K bid @ .049; 400K bid @ .055; L2 so thin going up! DBRM to the moon soon!
Just now finishing up the lunch hour Central Time (1pm) that's when things tend to pick up in trading imo and just like that, those .05s get taken out and we see the bidders coming out of the wood work! So volatile; could go at any moment
Yep, You can sense the tide is turning. Thought the same thing to after I wrote it could happen this week; DBRM saw .12 just last week on 15 million volume! Also, now they are on Insider Financial and that only brings more awareness. If we see .07+ today or tomorrow on noticeable volume it could be off to the races!
Could happen this week; it's the OTC!
I had a guy write on twitter last night who I have been in a play with before so he follows me on twitter; he had seen a post about DBRM that I made there and asked if I thought they were a good buy, I suggested they were and to look at the DD on Ihub and SS. He wrote back and said he would take a position this morning; I have a feeling he got those .05s early; Congrats Arturo DBRMs about to go
Thanks TommyBoy back at you with the same!
I was out to lunch and when I got back I figured that was what must have happened; could be that is how much is being let go by somebody per day; who knows...
Yep, should be a great stock; exciting week ahead this week; great way to end the year! Thanks for the DD
That's right, I remember that now, thanks for the remind. I've slept since studying that. And who knows maybe it keeps retracing but if it does like DBRM did back in March in October, it will be an indication that there is no interest in the stock until the next big acquisition, that's why I think the retracement is most likely done. The last hour of the day Thursday seemed bullish imo!
I think so too. No 3 day weekend for New Years Day The Market is not going to be taking a rest next week and Monday we could be seeing volume coming in; It was looking bullish the last hour as selling was apparently gone. We'll see, hate having to wait 3 days for Monday to get here
Good morning glens0, he did not use the word needed past tense, he said it needs a fib retrace next week! A fib retrace is back down to .0225!
It could happen and if it does we are dead in the water until the next acquisition imo! What I was saying is that usually, when a stock makes it up to .12, yes, sometimes it will go back down to .04 and I should have trusted the chart on Tuesdays movement that it would go .04 range potentially but charts are never 100% accurate.
They don't always do a complete retrace especially from .12! to .02 sometimes they do not retrace at all and just have 2 or more green days as you know, and with how this went from .02 to .12 on only 15 million, a lot of people could be paying higher prices on Monday if they do not get in early; not much selling today; just the 1 MM
Definitely looking bullish for Monday!
Sorry a$$ MMs showing up to stop any type of potential run with that crazy ask at .053 I wish he would get wiped out!
It's Alive! It's Alive!!
Agreed, there is nothing unusual about the way it is trading. Looking forward to having this long 3 day weekend behind us and hopefully a bullish week to finish off the year
It won't be hitting a lot of scanners today. Depressing week going into Christmas for a lot of tickers.
And just like that someone dumped into it
Bid size increased by 20K in the past hr. (doubling) Woo hoo
Or maybe it is an MM because I see now he has moved his shares up to .05 and under a different MM
Starting to see that the 250K seller was not trying to shake cheap shares but maybe a buyer who's been holding awhile and just wants out because he does not know his a$$ from a hole in the wall. He drove his shares down to the mid .04s and once we get that idiot out this could bounce hard!
Hard to believe nobody wants to buy this under .06
INSIDER FINANCIAL ON DBRM:
https://insiderfinancial.com/4-otc-stock-bets-that-will-boost-your-portfolio-ccaj-dbrm-intk-sbes/182833/
All in all, this is a bargain price for an OTC stock that can end up with a valuation of over $200 million – at least that’s what Reabold’s assets might be valued at.
DBRM is an independent crude oil and natural gas company engaged in the exploration, development, and production of onshore crude oil and natural gas in the US. It is developing its shallow crude oil reserves, where it owns a 3-D seismic survey that encompasses 20,000 acres over 32 square miles with approximately 3,500 acres under lease in Kern County in the San Joaquin Valley of California. The company owns a 70% working interest in 1,400 acres in the Michigan Basin where it has two shallow crude oil prospects.
In October, DBRM agreed to buy Reabold California, LLC, a subsidiary of Reabold Resources plc, a UK firm listed on the AIM Market of the London Stock Exchange under the ticker RBD.
Reabold California owns a 50% working interest and operates 10 producing wells in the Sacramento Basin in Northern California with proved reserves of 613,000 barrels of oil equivalent. After the transaction is completed, Daybreak will have 1,085,000 barrels of proved oil equivalent with a value of approximately $17.0 million. Reabold California’s production is approximately 70 barrels of oil per day. Combined, the production would be approximately 100 barrels of oil per day.
The acquisition will be an all-stock transaction where Gaelic Resources Limited, a wholly-owned subsidiary of Reabold Resources plc, will own up to 45% of Daybreak’s common stock at closing. As part of the transaction, Daybreak will also be raising approximately $2.5 million through the sale of its common stock to fund development programs in both the Sacramento Basin properties as well as its San Joaquin Basin properties.
The transaction is expected to close in Q1 2022.
The recent price spike came after DBRM filed an 8-K with the SEC, saying that it had finalized agreements with its directors, executive officers, and other employees with respect to the forgiveness and conversion of related party debts into shares of common stock at a conversion rate of $0.45 per share of common stock.
Completing this Debt Conversion is a condition to closing the previously disclosed Equity Exchange Agreement dated as of October 20, 2021 entered into by and among the Company, Reabold California LLC, a California limited liability company, and Gaelic Resources Ltd, pursuant to which Daybreak will acquire Reabold in exchange for issuing 160,964,489 shares of its common stock to Gaelic.
All in all, this is a bargain price for an OTC stock that can end up with a valuation of over $200 million – at least that’s what Reabold’s assets might be valued at.
Does appear to be some jerk-off playing games with that 250K shares to try and shake people out of their shares; they've backed it up from .065 to .07; wish I had waited and done my morning buying this morning to wipe the clown out and made him pay!
Incredible SS; SS was the first thing I looked at after the PR;
What is your take on it glens0? If you don't mind me asking...
Hope your right Hokie
Added .066 to bring my average under .075; take advantage of the situation
In @ .0755 & .0815; hoping this can see a run this week!