SAExplorations Holdings Inc fka SAEXQ

[piggy99]

For those who do not read financials and play this stock blindly, here are the things you should know from the June financials.

Cost that are behind us (savings going forward)

Re-organization cost - $2.3M

Tax adjustments - approximately $2.M (the normal rax is approx 16% but company accrued an extra $2.1M for tax adjustments in June financials that should not happen going forward)

Interest - $1-2M of savings due to conversion of loans to equity

Assuming that nothing changed, we should see approx 3-5M in after tax earnings.

Info I read or heard and not sure where (when they announced the June financials)

They have $70M of firmed orders and over $300M of bids in the pipeline.

With these numbers and the price of oil up, what do you think the shares will be on Nov 3?

All the above are public info.

My advice to the shorters....today is the last day to show low shares shorted. Clear your shorts. Do not short this stock. it is the wrong stock to short. You will be badly hurt/burnt when this goes through roof come Nov 3 when they announced their earnings of $3-5M for the quarter. Their troubles are behind them!!!!