Replies to post #5205 on Daybreak Oil and Gas Inc (DBRM)

[maverick one]

Likewise JJ- just went about life and held onto it. Figured that maybe someday things could eventually occur here with Jim and his company. Over 10+ years, but I have extreme patients and vest into tiny companies for decades. So I don’t write them off, over time. I just sit back and observe. While - this could be a positive recent development, it remains to be seen what can or will become of it. Jim’s issued PR’s in past like Michigan and that didn’t work out. But that’s the nature of business. You just sit back and observe. That’s what I’m doing as always with this latest. It’s intriguing. The PR brought a few newer investors here attracted by it, but patients is paramount here and they need to execute their agreement. Quite a bit has to occur, on both sides, for this to finalize.

[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.

[maverick one]

The potential Sac acquisition, hasn’t been consummated, that only occurs if x y z occurs. That’s a lot of x y z’s that need to execute. That’s a lot of capital to raise. That’s a lot of unanswered questions as to who he’s going to raise that millions from and how. That’s a lot of unanswered questions.

Will those shares be locked up with warrants? Does that mean a RS eventually coming into a different name of company and it’s spun out? I mean look at the massive amount of shares reabold will be sitting on? But why would they trade 70 BOE production a day away to a smaller company that’s producing less than 1/3 of what they daily do, that was trading at .02 when news let out?

To what advantage would that be to Reabold? Why do a stock exchange of their assets to a tinier company - but trades on the lowest rung of stock exchanges in America?

Hopefully a light clicked on.

How will Jim try to finance this new oil acquisition this time after the KY situation, with maximillian? Try and try and try YET again? Is the small python wrapping a 8’ foot gator in Everglades? Or is other way around?

This stock has always been illiquid with except outside of 1 promotion nearly 10+ years ago - most were not here.