Sixty Six Oilfield Services Inc (SSOF)

[INSTATRADER]

Yes, heres the update so far.

He was concerned that non public info would be shared so he wants me to submit additional questions via email.

He did answer the 3 questions I told him to be ready for in advance, and he answered others while we were talking...

1) NOTE STATUS... The company took back and holds them itself. The goal is to pay it all off in cash, but if they cant they will convert them, or use them in an M&A deal if they can. The payment terms were $25K/QTR of which they paid on first due date 9/30.

- IMO this means there should be $425K left of the original $450K renegotiated amount being paid quarterly till 2020.

2) AUDIT STATUS... The audit has already begun, and I think he was trying to not get stuck with the time frame so he said it would be 30 - 90 days to complete but by Q1 '18 for sure.

3) SEC REPORTING STATUS.. As soon as they are audited.

While answering those questions I was able to get a few more as well...

He said going SEC current gets the company access to better financing options.

I brought up the question asking why THIS shell... He said he knew a guy who knew a guy (which is really the same story I hear from most CEOS about how they end up OTC) Bottom line, he said this shell had the most opportunity for improvement, and therefore the most opportunity to profit long term.

Asked about his plans for the A-1 shares and he said none at this time.


There is obviously more to ask, and I will wait till tonight if anyone has more questions before emailing them to him.

WADIRUM1 - your remaining questions are being included in the email