A no Brainer imo! It was easy to guess that Farshad did the cross to participate in the financing just like he did on the last one. As soon as I saw the PP news this morning and saw the cross I loaded up. I added 165,000 shares while it was easy to get filled.
Farshad has everything lined up and ready to go as soon as the money is in! The rigs are waiting, the crew is waiting for a phone call, the camp is all ready and the helicopter is waiting.
Does anyone really think that he has all this ready and he sold today without really knowing if he will raise enough money?
Its non-brokered because the last few weeks the negotiations with funds didn't go well as they are too greedy and want to take advatage of companies that desperately need money to survive. I am glad that he went non-brokered and with only a half warrant! This is better for shareholders and he is definatley looking after our best interest.
A lot of attention will be on this region with CXO still drilling, PGX drilling and soon DBV as well. I am going to say this now.....DBV will deliver. Study the maps, data and historical data. Low risk and huge potential!
The float is low and shares are in strong hands. Farshad owns 13 million shares and he was one of the geos that look at the properties well before everyone moved to the region. He kept the one that he thought was the best one there!
Farshad has put everything into this. He is the CEO/President of the company that he put together. Unlike many CEO/Presidents which are directors or hold senior positions with other companies, he is only working for DBV and is working hard to succeed as this is his only option! His dream is now about to come to fruition. He is a top notch geo.
I have faith in Farshad delivering. We have the best property in the region and he will prove it soon!
Got DBV?