Brookmount Exploration Inc (BMXI)

[naturallyk2]

So this is what I like to see and explains the dilution straightforward

(3/15/22) https://ih.advfn.com/p.php?pid=nmona&article=87559046

This offering is for up to 25,000,000 common shares (“Shares”) of Brookmount Explorations, Inc. (the “Company,” “Brookmount Explorations,” “BMXI,” “we,” “us,” and “our”) for a price per share of $0.12, resulting in gross proceeds of up to $3,000,000.00, before deduction of offering expenses, assuming all shares are sold. <--- That's probably why the PPS hit .12 :p

The sale of Shares will commence once the Offering Statement to which this Offering Circular relates is qualified by the Securities Exchange Commission (“SEC”) and continue for one year thereafter or until all shares have been sold, whichever occurs first. Notwithstanding, the Company may elect to extend this offering for an additional 90 days or cancel or terminate it at any time.

Currently, they have sold 8 million out of the 25 million shares they said they were offering at any given time this year (or until March '23 provided they don't do a 90 day extension). They have laid it out point blank and honestly with the current PPS, they aren't getting bang for the buck on it (hence PAUL, more than likely their diluter on the L2). Even if they burn all 25 million shares, their PPS should still be at 0.43 fwiw. Someone feel free to chime in on the PPS valuation based on their balance sheet and overall financials.