RE:RE:Speculation / The Swiss Factor?I certainly hope you are right, Bertie - even if they have an initial close on less than the full $20M. They really need to get this financing done - both to relieve the pressure on the stock price and more importantly to timely execute on their expansion plans.
The timing of this financing seemingly really couldn't be worse. I think DME believed, which is quite logical, that the stock price would accelerate upward in relation to the promixity of the MPF (and associated revenues) coming online. They certainly hit the "interview circuit" pretty hard over the last few weeks seemingly trying to get the word out. Unfortunately, none of that has proved as important as increasingly "risk-off" market conditions, which have only deteriorated over the last few months and made financing more difficult/costly. In hindsight, they should have just raised the capital months ago for what they knew they would need for plans in 2023 - trying to time it strategically/tactically relative to the company's own milestone achievements (though seemingly smart) has totally backfired.
If they can actually get it closed, in many ways it would be just be impressive that DME can even close a fundraise at all in this investment climate.
Also, as much as we enjoy the visibility into what is going on, I think it's pretty clear that RR's and DM's interviews are not effective at supporting/driving the stock price anymore. Not that it is a great measure relative to the stock price itself, but as an additional indicator of retail investors discovering the companythe StockTwits follower count for DME (currently at 487) has barely budged at all through all the PR efforts. I think DME needs to stop spending its money on these paid interviews - it is just not worth it, and the cash should really go to any number of other purposes that create objective shareholder value (ex. additional drilling wells, purchasing additional land, buying equipment, buying trucks, etc.).