Daybreak Oil and Gas Inc (DBRM)

[maverick one]

With the disclosure that Jim is going to be needing to raise millions more in funds, to develop more wells in the potential new Sacramento stake & of course his Poso field he’s been in for years in the Kern, it begs the question to whom exactly will he raise millions in funding from and what will be the method? We went through the one financing period years and years ago with maximillian, that didn’t work out too ideally.

Are we talking warrants, accredited investors, vulture finance, boutique, self financed? Will be there dilution? Will there be a RS? That could become a reality.

So I’m kind of looking at it, now, years later, going ok, where is he going with this and to whom? I don’t drink kool aid- neither do you or futr. He’s had 30 BOE production for years, now it could go to 100 allegedly. But there’s a few hurdles that have to be leaped over in the steeplechase before that occurs.