Here's why you shouldn't worry about the new financing: 1.) The dilution they're doing now is to pay for the finance package ($12,000 or so). 2.) PEII will be in charge of doing the "drawdowns" and when they dilute to CPUS, they'll be selling those common shares (already authorized ... it's about 42% of the current float, so it's not going to add to the float) at 30% of their THEN current price (meaning CPUS will get a 70% discount on the shares). If you understand that, you know that they plan on the price being 20 or 30 times what it is right now, or else they'd have to drawdown FAR more shares than are allocated for dilution in order to pay back the $10MM they got from CPUS. 4.) They're about to announce production numbers and most importantly as far as CPUS is concerned, that the Bakken Shale deal is done with the $10MM they got from CPUS. That means the share price will be closer to (this is just my estimate) .20/share in order for them to pay that amount back to CPUS. Don't forget: They'd have to LITERALLY sell over 100 billion shares at current prices with CPUS getting those shares at a 70% discount in order to pay the $10MM back. That obviously isn't going to happen, since it says, right there in black and white on the 8-K that they have only something like 120,000,000 shares authorized to be sold to pay back CPUS. What I'm trying to make clear, and what I was trying to explain to you guy on Friday and this weekend is that the TERMS of this deal are VERY favorable to PEII shareholders and CPUS wouldn't have gone in under these terms if they didn't already KNOW that the price per share was going to be MUCH higher than it is right now. But, by all means ... sell me ALL of your shares. And remember that it was I, Omne, who told you all of this was going to happen when it happens next year.
