RE:RE:RE:RE:RE:DESERT MOUNTAIN ENERGY ANNOUNCES PRIVATE PLACEMENT REPRICINGThanks Dawg! Notable that he says that "we will close with the money that comes in". Might not get it all.
And I agree with your analysis. This cash-raise, which never made a ton of sense, now makes no sense whatsoever unless it's for some sort of upcoming expense that has not been flagged. Despite Don Mosher's reply, in reality the company still has $12m in the bank so they're more than covered to first output at the McCauley field.