Pulsar Helium Inc. V.PLSR

Question about

[divime1]

financing . Money isn't a problem . More cash is on the way from previous warrants .


.https://goto.webcasts.com/viewer/event.jsp?ei=1674821&tp_key=9ab2263f65

[Bertie20]

Really? I do see they have 18.5 million or so warrants outstanding (at 0.36 cents), but these ones can't be forced, and are not due until January 2026. The warrant holders can of course choose to exercise the warrants early, however (which might explain some of the current share price weakness). 

[divime1]

Start at the 27.25 minute mark . https://www.youtube.com/watch?v=-fukw5UO-MI

[Bertie20]

Back on the topic of finance, and Pulsar's CEO's comment yesterday that they are looking to do something with their outstanding warrants. This comment left me scratching my head, as the company does indeed have some 18.5m warrants outstanding (issued in January this year), but they're not due until January 2026. However, I think I may now know what Pulsar have in mind..... The January

[evilballs]

Each well is projected at <$2M.  Not sure if that number is CAD or USD, I was assuming CAD.  They could probablty do one additional well with those funds.

[Bertie20]

The last well was hugely expensive, and over-budget. Just the drill cost US$3.5m according to their SEDAR doc (not including testing). Regarding my ABCapital theory by the way, I had missed the following stipulation: "ABCapital is only entitled to exercise from time to time, such number of Warrants that, after the applicable exercise, the number of Shares of then owned by ABCapital shall not