United States Oil Fund LP V.USO.RT

Some number crunching I did awhile ago might help

[aweigh]

I think the calculations below are a reasonable estimate of where we will be after we raise the additional US $ 6,000,000 we need to get the plant running. I've used US $ .012  or C$ .015 as the financing price because we have warrants out at that price and the rights issue was also priced there. Although the stock has gone up I wonder how many people will want to finance a Co. at say .04 when the last deal was done at .015 only recently. Might be difficult and so it's possible the stock might come under pressure very soon.
Now the vast majority of the rights issue was taken up by the founding shareholders who paid .15 a share on the IPO and even after refinancing the Co. @ .015 have a cost base of .08 per share ( or $ 8.00 ) after the 100 to 1 roll back. What that means is that there may not be much resistance to a price rise until we get to .08 or $ 8.00 as the case may be because they are still only breaking even at that poin but again it depends on how they price the next financing.
A couple of other points to consider before jumping in wiith both feet are :
A .02 or .03 or .04 stock is a lot more appealing to the punters than a $ 2.00 or $ 3.00 or $ 4.00 stock . A chimp with a paper route can buy the stock now but will he when it's at $ 4.00 after the roll back ?
The Co. needs $ 6 Million just to get to first oil but that's only the beginning, they may not be at breakeven for months if not longer so we may need yet another financing after the roll back.
Personally I'm still watching to see how this unfolds, I might miss a little upside but there is still a lot of unknowns so what's the hurry !
GLTA !

 

So if I've done the math right they will need to have

ACMO's 160,000,000 warrants @ .012 exercised for approx US $ 2,000,000 and another 333,000,000 shares issued @ .012 for approx US $ 4,000,000 to get up to the US $ 6,000,000 of additional working capital they need to get this project going. 
After the dust settles they will have about 2.2 Billion shares out and after the 100 for 1 they will have 22,000,000 in total.
I'm guessing the stock will trade somewhere in the C $ 1.50 range post roll back and if the startup is successful and oil prices start to pick up a bit maybe the stock will rise from there.
22 Mill shares out @ $ 1.50 gives a market cap of $ 33,000,000 and when you compare that to the money invested in this project so far and the value of the oil assets it's pretty cheap. 
Of course maybe you wont be able to buy the stock at $ 1.50 or maybe it will go lower still but at least it's the last issue price and it's the cheapest paper issued in this deal so it's a base case. 
Talk about a grind for management and certainly for shareholders, I sure hope it works out for all. 
Still following it with great interest.

Read more at https://www.stockhouse.com/companies/bullboard?symbol=v.uso&postid=25292739#t1Te8EegQQEPKfVY.99