Koil Energy Solutions Inc. (KLNG)

[spec machine]

I posted all of them previously, just read back through my posts

Harris County Clerk's website, read Smith's lawyer submitted evidence in the SSI case

DDI 10-Q and 10-K filings on the Cleveland, TX petting zoo

And don't forget that I totally nailed the BS about charging Duco/Technip for the mob/demob cost of the portable carousel when DDI failed to deliver the "third party designed" carousel according to contract timeline. I knew that was BS the instant he said it. Sure enough, it was caught in an SEC audit as revenue reported that wasn't received. They had to restate earnings and now they are in yet another legal dispute over bogus billing.

Still think they are keeping your best interest in mind?

Keep thinking those sweet thoughts as they spend their days in fishing tournaments on the nice 38' Donzi that shareholders footed the bill for (after they gave the first Stay-Sys yacht back to the plaintiff in the SSI case to reduce debts owed)

Let's just look at a snapshot of facts

Deep Down Inc under its current management has destroyed ~$50 million of shareholder value since going public

Except for accounting tricks of aggregating losses in one quarter and revenue in another, they have NEVER had a profitable year

Even operating with sustained losses, Smith(s) and Butler have NEVER taken a pay cut and even took lavish bonuses during the FT fiasco

The 38' Donzi sportfishing boat is just the latest leak of obvious self-dealing

And they don't give a crap about anyone except themselves