Desert Mountain Energy Corp V.DME

Options Strike Price is Coming Up

[Biloxibuzz]

If my count is correct, a close above $3.50 C on Tuesday (4/20) will cause the 10.6 million options to exercise in the next 30 days. This will be a little dilutive, but it raises around $20,000,000. (Not a bad trade-off.) Assuming it costs about $400,000 to drill and complete a well, this should fund the drilling and completion of about 50 more wells. I am thinking that DME with be done raising money, done diluting and end up with a 70 million shares outstanding (not counting options to insiders).Please shoot any of this down, if it's not accurate. Thanks

[Bertie20]

Hi. I believe the total is 8.2m warrants that will be triggered, raising some C$16.4m (though I'm also happy to be corrected). The money will be used to finance the processing and solar plants primarily. But once they're up and running, the company--and its future wells--will be financed by retained earnings. So no dilution and no debt (hopefully), and lots of juicy dividends. Just to add

[GoldenArm]

Pretty good on all counts and yeah once in production no need to dilute any further. However what will sea the deal is the results of those 3 wells. Any good news and the price will take off.  Also he can accelerate the warrants expiry as well. Do that, get all the money and then put out the news on the wells. Good results would mean that in 2022 we are going to be a $30/shr stock or more. In