Brookmount Exploration Inc (BMXI)

[StockItOut]

I expect an audit to reflect positively on Brookmount, and I generally think you're right.

Are you suggesting you think a $0.26 EPS will get BMXI to $4 per share? Annual or quarterly, as you compare to a quarterly -$0.05 EPS? Anyway, that seems unlikely.

An audit is important to legitimize the business and its operations, and of course establish Brookmount's eligibility for a major exchange uplist.

Yet generally one has to raise the probability consideration that an audit might show previous 10-Q financials as partially or way off, even to the negative, or just mediocre.

(Maybe a CEO trip to India was 'needed' to coax and massage the numbers for the audit preparation along. Seems the auditor is first also preparing the financials through/by its separate division or sub-company of the same organization.)

Likewise, I don't think the audit will get BMXI to a major exchange initial listing minimum share price requirement ($4), but more likely than not will get Brookmount to an appropriate and decently higher share price and company valuation, hence why I'm long.

A major exchange listing seems will require a reverse. But if the audit resolves BMXI positively to a fair company valuation, the reverse may not have any negative impact on BMXI share price where the uplist and access to institutional funding far outweighs by its benefit.

The ongoing little by little dilution by Brookmount does not help a per share valuation model. Reminds me of Nils previous conference call where Nils mentioned about the Reg A wrapping up and the still expected dilution to "not worry about a little dilution," but, that was one-third the current outstanding share count ago.