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Guess the market just ain't buyinit. This company still diluting too. Lol
Bagholders are getting killed.
Geez, this one continues to be a disaster for all retail investors.
* * $ESES Video Chart 07-20-17 * *
Link to Video - click here to watch the technical chart video
$ESES Eco-Stim Energy to expand Oklahoma pressure pumping operations
Eco-Stim Energy (ESES +29%) explodes higher after announcing a one-year agreement, with an option for a second year, with an unnamed U.S. E&P company to expand its pressure pumping operations in Oklahoma.
ESES expects the work to support a second well stimulation crew allowing the company to further expand its footprint in the region.
ESES says the customer expects to complete 2-3 wells per month and is operating two drilling rigs in the region; each well is expected to be completed with ~25 stages and require ~40K HHP.
Sweeeeat ESES Going to b 5 + in 1 year or so
News out. Nice new contract in US on top of already surging revenue increases last quarter. Great stuff.
http://ih.advfn.com/p.php?pid=nmona&article=75274233&symbol=ESES
Its a good thing Credit Suisse lowered its price target from $7 to $5 back in November. LMAO
"Favorable"? This pig can't even get out of its own way. It's been on a downward spiral for years and no one is believing the crap their putting out.
Hence, the historically low pps and almost non-existent liquidity.
Market is reacting favorably to all of the rent developments. The PP went out overnight fully subscribed for 10 Million shares at $1.50; Balance Sheet is now debt free; and revenue is exploding upward right now, with another record revenue month in June of approx. $4 Million, and projected revenue for the 2nd Quarter of $8.4 Million - $9.6 Million vs $2.6 Million in Q1 2017.
Nonsense. You need to do a little DD here Pal. ESES is not an OTC or struggling pink sheet company, but rather a NASDAQ listed company with a new debt-free balance sheet and rapidly surging revenue as a result of the lucrative ongoing contracts right now, as updated in the PR out after the close yesterday:
That is not going to help the (4,163,579) Operating Loss for the 1st Q.
They will burn through all of their cash by the end of 2017. Then what? Another $40m in toxic notes?
Those notes were paid off earlier this week, and ESES has fulfilled its stated goal of having a debt free balance sheet. The shares issued on Tuesday of this week to Fir Tree cancelled all of those notes and were exchanged based on a value of $1.40 per share, with all of the new shares issued being restricted. Great move and transaction with the recent record revenues, which are increasing by the month. Debt free going forward with rapidly accelerating revenue on the performing contracts.
Ummmm, yeah the market just ain't buying the BS the company is putting out. If anyone believed that the shares would be getting gobbled up almost at it's all time low.
Only way is to continue to dilute. Reverse split then dilute again.
I assume this is going bankrupt also?
Massive dilution and more coming.
O/S just TRIPLED
On June 20, 2017, the Company converted the Notes into Common Stock at a price of $1.40 per share, and issued 29,538,786 shares of Common Stock
As of March 31, 2017 the Company had approximately $41.4 million of outstanding convertible notes.
Still dilution bud. LMAO. Shareholders holdings are being diluted to more shares being issued.
Bahahahahaha been watching and learning since it was $4. Complete and utter disaster here.
Maybe the next pump and dump campaign will help? ;)
ROTFLMFAO! Finance 101: It is NOT dilution if the shares are issued in cancellation of debt at a per share valuation above the current trading level. And, the new shares issued are restricted, not to mention the fact that the level of outstanding shares remains very low here. Only a couple of months into the 2 very lucrative contracts in Oklahoma and Argentina. Stay tuned . . . watch and learn.
Dilution and very little liquidity. Plus if ANYONE believed any of this the pps wouldn't be so low.
Don't forget the massive and I mean MASSIVE loss last quarter.
Actually these shares are holding up great given the issuance earlier this week of the additional shares in cancellation of all of the debt. And, the shares were issued based on a value of $1.40 per share in cancellation of all of the debt. So, ESES now debt free moving forward.
Bagholders getting killed here. Barley holding onto that $1 mark.
The word "yikes" comes to mind...
LMFAO! Shareholders approved everything needed to become debt free immediately. The additional shares issued to Fir Tree Partners are in exchange for the cancellation of all debt, and the level of both outstanding shares and authorized shares will still be very modest. I voted all my shares in favor of the re-structuring of the debt. The R/S is authorized but not a given. Although R/S's can be toxic in stinky pinkie land, they are a useful tool with real companies that have actual verifiable assets, businesses and revenue, and trade on real exchanges. The market will react very favorably to these developments, IMO, and moving forward it will be a huge positive to be totally debt free with the recent record revenues piling up. GLTY.
8k out. More dilution and of course approval of a 4-1 reverse stock split.
It's been years dude, and the fins get worse and worse and so does the pps.
What was the net loss in the first quarter again?
This is a long term play dude. The lucrative contracts are just ramping up. Give it a few quarters for the revenue and related fins to ramp up. The outstanding shares and float are very low, and the debt for equity swap with Fir Tree will wipe out all of the debt and result in a debt-free balance sheet here by the next annual shareholders meeting. No concerns over the issuance of new shares to wipe out all debt given the very low level of shares outstanding currently. All good, and patience will pay off here.
Yikes, getting very close to $1. Why isn't the market buying it? LMAO
More and more debt. Have you seen the insane losses in the first quarter? Sheesh! It's insane.
Market ain't buying it bud.
LMAO! That is nonsense. Give it some time dude. Record revenue in April and many more months of record revenue now that the company is up and running on the lucrative multiple contracts in both Argentina and Oklahoma. Just getting up and running here. Stay tuned.
The market is stuck after two obvious pump and dumps.
The company is losing money hand over foot and has left many bagholders.
Bagholders are stuck that's the problem here. All this "good" news and the market just ain't buying it.
Reverse split is pending remember...
B nice if These Institutional owner
Would push it a Lil
Could give quiet a Push With a few 10,20,30,40 k Hits then Support
Would also bring a few traders in
Chart Looking Sweet
True dat' bud. The market is reacting favorably to the company being up and running on lucrative contracts in both Argentina and Oklahoma now.
60 and 20k bids in
For sure some Support around here
Problem is the market just ain't buyinit. ;)
After a couple pump and dump campaigns market will need to see something REAL and tangible.
Projecting a $20 million NET LOSS, might have something to do with it.
Nice news this am on being up and running on the lucrative Oklahoma contract(s). Very positive in the context of what is going on with the new contract(s) in Argentina. Following on April's record revenue for one month, the company should be seeing several follow-on records in monthly and quarterly revenue going forward. And, the re-structuring of the balance sheet to be debt-free by the next annual shareholders meeting is very positive, IMO. I don't mind the debt-for-equity swap and issuance of the new shares to cancel the outstanding debt, under the circumstances, and I voted my shares in support of the planned changes.
Looking good
Fir Tree E&P Holdings:
Midstates Petroleum (MPO): Mississippi Lime/Eagle Ford (This is most likely Ecostims' customer B/C very focused on cost.
Sandridge Energy (SD): MidContinent (This might be Ecostims' customer)
Memorial Production Partners(Amplify Energy APFY): Permian
Ultra Petroleum (UP):Green River
Bonanza Creek (BCEI): Niobrara
This is a good time to buy.
Fir Tree's goal is to raise the market cap to equal the average price per Horsepower (HHP) at about $1,500 for the industry.
How would you go about doing that?
Remove the debt overhang. Already commitments from debt holders. CHECK!
Raise the price to $5.00+ (institutional holders more likely to buy). Reverse split will accomplish this. CHECK
Get a backlog of business. Need 1 or 2 more contracts. UNKNOWN! Have already locked up 75,000 HP for the near future.
Fir Tree owns 5 E&P companies!!! Don't you think ESES will be supporting these companies? I assure you when the news comes out about he Oklahoma Project, it will be with a company owned by Fir Tree.
Anytime you can buy stock below what a 70% holder paid for the company, its likely a great deal.
Only 12k in volume. Market isn't buying that this is a good investment even though it's a Nasdaq company. ;)
There is almost zero liquidity sitting at its ALTIME low. Buy now and get stuck?
Company has left so many bagholders over and over again.
YES they are doing an RS to stay above the $1
Nonsense. The proposed debt for equity swap is a strong positive and will be part of moving to the debt free balance sheet. This is a NASDAQ company with real assets, revenue and businesses, and not a stinky pinkie. Hence, the fact that an increase in the very low outstanding shares and float is not a negative, given that debt is being exchanged for equity and the O/S will remain quite low. And, although reverse splits can be a huge negative in the stinky pinkie world, that is not the case with established companies. I have seen many NYSE and NASDAQ companies prosper following strategic reverse splits.
P.S. .0072?........005?...........0072? LMFAO!
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(From T/A 05-09-13)
75,493,885 O/S
8,008,930 Float
200,000,000 A/S
67,484,955 Restricted
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