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Yes, BEYSQ had its stock registration revoked on Dec 6,2013:
https://www.sec.gov/Archives/edgar/data/1397346/999999999713017654/filename1.pdf
hi Renee
In STOCK this is definitively revoked? In my broker they keep the quotation to 0,00001
thanks
It appears that way, Chesco. Too many companies take the low road by not filing Financials, knowing the SEC will move to revoke the stock.
Hi Renee:
investment means we lose? there is no hope?
thanks
BEYSQ: SEC Admin Law Judge Initial Decision to revoke:
http://www.sec.gov/alj/aljdec/2013/id509ce.pdf
Thanks, I have a problem with a Zecco account, you can provide me an email? understands Spanish?
thanks ¡¡
Suspended by the SEC. At the Grey Market now. Might be canceled very soon...
http://www.otcmarkets.com/stock/BEYSQ/quote
Hi Value has BEYSQ news ?
thanks
There is more info ? still suspended ? somebody has news ?
BEYSQ - SEC suspension
http://www.sec.gov/litigation/suspensions/2013/34-70432.pdf
Release No. 70432 / September 18, 2013
The U.S. Securities and Exchange Commission announced the temporary suspension of trading
in the securities of the following issuers, commencing at 9:30 a.m. EDT on September 18, 2013
and terminating at 11:59 p.m. EDT on October 1, 2013:
Best Energy Services, Inc. (BEYSQ)
The Commission temporarily suspended trading in the securities of the foregoing companies due
to a lack of current and accurate information about the companies because they have not filed
certain periodic reports with the Commission. This order was entered pursuant to Section 12(k)
of the Securities Exchange Act of 1934 (Exchange Act).
Yeah. The next ask is 10K-0.005 from Level2! Then 10K-0.01!
50K-0.0011 x 20K-0.0024 now. Super thin asks! 0.005 is the next ask!
Why the suddenly sales today? Anyway 10K-0.0015 x 60K-0.0024 now. It
is extremely oversold and undervalued now based on the joke low MV!
50K-0.0015 x 60K-0.0024 now.
20K-0.0015 x 60K-0.0024 now. Extremely tiny asks above 0.0024!
Super thin asks from the Level2! Extremely oversold today! Easy run
back to 0.0035 again...
50K-0.0016 x 40K-0.0024. The next ask is 20K-0.0029! Then 10K-0.005! Then 10K-0.0205...
SS: Only 28.26M shares float. Just 36.62M shares OS.
Less than $88K joke low MV at the current price $0.0024!
The revenue is $5.77M or $0.21 per share!
The gross profit is $274.6K!
The current price is above all the major technical resistances price (0.0019/0.0015/0.0014 for 20/50/200-Day MAL)! Blue sky now!
Level2: The next ask is 20K-0.0029, then 10K-0.005, then 10K-0.0205! Super tiny asks...
The following are DD done by ash11
absurd undervaluation assets worth 65x current(.O1 PPS) market cap BEYSQ potential asset sale not in Prs market misses the news
10X OIL PLAYER BEYSQ 0.02 8 REASONS TO BUY SELLING ASSETS
company is in litigation, management thinks meritless, if they won commons will survive, they weren't declared wiped out
BEYSQ 0.01 easy 10x here's why? POSITIVE KEY FACTS, must read
os 36m float 29 large spreads, it easily pop up to 0.06/.10 with some trades, due to potential news spill at any time.
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Best Energy seeking buyer for Best Well Services
Wednesday, 23 February 2011 By LARRY?PHILLIPS
Though Best Energy Services has filed for bankruptcy, the company is trying to sell its Best Well Services operarions in Liberal, according to Best Energy Services Chief Financial Officer Dennis Irwin.
“We are actively seeking a buyer for Best Well Services, which generated positive cash flow consistently since its founding in 1991,”?Irwin said. “Any interested buyers should contact me, Dennis Irwin, CFO, at our office in Houston, (713)933-2600.
Irwin had no other comments concerning the bankruptcy filing.
Houston-based well services provider Best Energy Services Inc. (OTCBB: BEYS) has reported it has filed for bankruptcy protection under Chapter 11 in the U.S. District Court in Wichita.
The company has 25 workover rigs based in Liberal that service the Hugoton Basin and Central Kansas Uplift.
In December 2010, Best Energy Services announced it was opening a South Texas Eagle Ford office, effective Jan. 1, 2011, in Carrizo Springs, Texas.
Oil & Gas Investor.com contributed to this report
---------------------------------------------------------------------------------
http://www.beysinc.com/home/
co. is in ch11 do your dd speculative investment, you may lose all money invested in, imho anyway we'll see 0.05/10 because too cheap
1)must read 13g out Bristol owns 8.75% OS,cayman fund owns 8.75% or 3.2M OS filed 3rd week of february (see edgar or otc markets)
2)BEST Energy reported strong ebitda in last quarters, problem here is whit the debt and heavy investments requyired in the sector, the high degree of potential obsoloscence & depreciation of capital assets. They need a strong financial partner, their customers are Anadarko, EXXON (Xto) Devon Energy, their business recently expanded in Texas.That means business is growing, revenues show that, I think all tehy need is a strategic partner. I'm sure that they will get some interesting bid proposals during CH11.
Their "rigs" capabilities raises to 25 units, 100% operating, that means business profitable and cost efficient.
3) The most important: shares weren' declared worthless, CFO said the outcome of bankruptcy process is unpredictable!
4) PNC bank and other investors received, in lieu of cash payments based compensations and/or amended line of credit terms, through the 02/15/2011 (date of filing for CH11) warrant with exercise price at 0.10, that means market valuation was at least 4M, now market cap is only 360K.
5) 2 subsidiaries show assets greater than liabilities, now depends by the judge wat claims to dismiss and what plan of reorganization to accept.
6) Outcome of lawsuits is unpredictable, co. still think that lawsuits are meritless! That means plaintiff' allegations may be found meritless and discharged, with relevant benefits for co. real estate.
7) Oil prices rising! The most important, oil E&P co. find more profitable now searching for oil, Oil services co. like BEYSQ should beneficiate a lot.
8) CO. is selling its profitable assets. Net proceeds may help to repay debt and fund new operations
BEYS plunged 90% tuesday because co. sought for ch11, due to a liquidity crisis, yesterday +36%.
According to CFO ch11 outcome is uncertain, therefore it seems SHARES NOT WORTHLESS NOTWITHSTANDING CH11 (NO OFFICIAL PR SAYING SHAREHOLDERS WILL NOT RECOVER ANYTHING) ALL DEPENDS BY FINANCINGS, LAWSUITS, ASSET SALES.
OS is 36m, float 29, stock ultrathin, easy 0.06/0.10 with some bids. Market cap ridicolous, 600K $, their 25 workover rigs working at 100% of their capacity (oil services equipment) assets are worth the liabilities. Business is good, customers include EXXON (XTO), ANADARKO, DEVON ENERGY, oil prices are rising and therefore rigs rent will raise too.
BEYS 0.02 60% L2 ULTRATHIN -90% YEST EASY 0.1 STILL ASSETS FOR THIS CH11 PLAYER, SHARES WEREN'T DECLARED WORTHLESS
l2 ultrathin oversold BEYS 0.02 unique assets worth at least .10 cents, oversold, profit from operations achievable if they get new financings, 500k $ market cap is a steal
BEYS 0.02 / 0.06 easy oversold still assets, bouncing hard
megabounce player BEYS -90% CH11 STILL ASSETS INTERESTING MARKET CAP 550k $, 2 subsidiaries assets greater than liabilities, large spreads, all depends from pending lawsuit.
I think this company may turn to profitability because revenues were growing by double digit rates, ch11 probably due to mngt mistake, co. oversize for limited capital resources.
Oil services business is good, but lack of fresh money for this co.
Best Energy Services Launches Chapter 11 Proceeding In
Kansas
11:51a ET February 15, 2011 (Dow Jones)
Best Energy Services Launches Chapter 11 Proceeding In
Kansas
By Rachel Feintzeig
Of DOW JONES DAILY BANKRUPTCY REVIEW
Best Energy Services Inc. (BEYS), a well-service/workover
provider with headquarters in Houston, sought bankruptcy
protection nearly three months after warning about its ability to
continue as a going concern.
The company Tuesday filed a petition with the U.S. Bankruptcy
Court in Wichita, Kansas--the same state where it provides
services to oil companies, in the Hugoton and Central Kansas
Basins. Affiliates Best Energy Ventures Inc., Best Well Services
Inc. and Bob Beeman Drilling Co. also filed petitions.
Bob Beeman Drilling's petition indicated the company has $1
million to $10 million in assets and $500,000 to $1 million in
debts, while Best Energy Services' petition cited $500,000 to $1
million in assets and $50,000 to $100,000 in debts.
Best Energy's most-recent quarterly report, filed with the
Securities and Exchange Commission on Nov. 19, 2010,
indicated it and its subsidiaries had $20.7 million in assets and
$30.6 million in debt as of Sept. 30, 2010. Both figures represent
an increase from their Dec. 31, 2009 counterparts. At the end of
that year, the company had $24.3 million in assets and $31
million in debt.
In the quarterly report, Best Energy raised doubts about its
future.
"At current levels, the company's established source of revenues
is not sufficient to cover its operating costs, which raises
substantial doubt about its ability to continue as a going
concern," the company said. "In addition, the company is
currently in default under the amended credit agreement,
further exacerbating its ability to continue as a going concern."
The company also drew attention to a lawsuit filed against it on
May 17, 2010 in Harris County, Texas. Linda J. Hargrave--the
former wife of former Best Energy Chief Executive Larry
Hargrave--is suing the company, contending that it defaulted
on lease payments for a property in Cleveland, Texas, Best
Energy said in the quarterly report. Hargrave claims the
company owes $64,000 in lease payments and $5,792 in property
taxes.
While Best Energy said it planned to "vigorously" contest the
lawsuits and make claims of its own--for breach of fiduciary
duty, fraud and fraudulent inducement--it warned that the
outcome of the litigation was uncertain and that a ruling against
it could potentially spark a bankruptcy filing.
"Although the company believes the plaintiffs' claims are
meritless, there can be no assurance that the company will
prevail in this litigation, the consequences of which would be
potentially substantial economic costs to the company,
substantial dilution through the issuance of additional shares of
common stock to the plaintiffs, any of which would be a
material adverse effect which could potentially cause the
company to declare bankruptcy and make the units worthless,"
it said.
In its bankruptcy petition, Best Energy said its largest
unsecured creditors include Mara Gateway Associates LP, owed
$106,312; Utah State Tax Commission, owed $71,311; and Tom S.
Elliott, owed $66,500.
Best Energy Services' case, numbered 11-10286, has not yet been
assigned to a judge.
(Dow Jones Daily Bankruptcy Review covers news about
distressed companies and those under bankruptcy protection.)
-By Rachel Feintzeig, Dow Jones Daily Bankruptcy Review;
267-639-6000; rachel.feintzeig@dowjones.com
(END) Dow Jones Newswires
02-15-11 1151ET
50K-0.0016 x 50K-0.0024 now. The bid is up from 110K-0.0015!
110K-0.0015 x 60K-0.0024 now. The next ask is 20K-0.0029, then 10K-0.005, then 10K-0.0205! Super tiny asks from the Level2...
Up 100% so far! Extremely undervalued now! Joke low MV! Easy penny!
100K-0.0015 x 60K-0.0024 now. The similar energy Qs trade at 10 ~100 times higher MV now.
210K-0.0012 x 60K-0.0024. Extremely oversold and super undervalued!
Above 100K-.0027 nothing at the ask from the Level2! Very low float!
Almost there!!!
Up 118.2% now! Easy to hit the penny land based on the joke low MV!
330K-0.0011 x 20K-0.002 now. Three MMs on the bid vs. only one MM at the ask!
Yes. Extremely undervalued at the current ridiculous low MV ($39K)!
This company is active?
Only 28.26M shares float and 36.62M shares OS. $36K joke low MV at the recent bottom $0.001!
Up 10% so far! Strong bids support (two MMs with 146K shares)! Easy
to hit the penny land based on very low float (28M) and OS (36M)...
140K-0.0011 x 10K-0.002 now. The bid is up 10% now! Easy 10-bagger!
20K-0.001 x 10K-0.002. Super thin asks from the Level2! Extremely oversold recently and easy 10-bagger from here to hit the penny...
It is extremely hard to understand why people are selling the shares
at 0.001 which is the recent real bottom price! Easy 5-bagger rally!
Someone stupid sellers dumped 30K shares at the near bottom price!
10K-0.001 x 50K-0.002 now. .001 has been proved unbreakable support!
The very stupid seller dumped 45K shares at a unbreakable supporting price .001 so far! It is just like throwing the money out of window.
Wow, someone still dumped the very cheap shares (10K) at 0.001! Why?
Who are those very stupid sellers which had dumped 202,955 shares at the bottom price 0.001? It is easy to gain 1000% from current price!
Up 100% so far! The recent high 0.003 is very easy to be broken out!
Who is the very stupid seller which dumped the very cheap shares at the bottom price 0.001?
The bid was 1.09M shares at 0.0015 yesterday. But no fill at all! It
seems the only way to get the cheap shares is: buy at the ask .0029!
As I known it is still in the CH11 process and could exit from CH11!
I got on E-trade and pulled it up. What's the story over here? Looks like they've had some trouble in the past. Is this just a shell looking for a reverse merger?
Nothing wrong here! You can use the other chart tools to see BEYSQ!
I can't seem to pull this company up on stockcharts.com. Is it trading under a different symbol?
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Welcome to Best Energy Services
Website www.beysinc.com/home/ Google www.google.com/ Bloomberg preview.bloomberg.com/ Reuters www.reuters.com/
We are an energy production equipment and services company engaged in well servicing, workover and related complementary activities. We own a total of 25 well service and workover rigs, and we conduct our well services primarily in the Mid-Continent regions of the United States.
Until such operations were discontinued in 2009, we also provided drilling services and related complementary activities in the Rocky Mountain region of the United States. We currently own a nine drilling rigs that we are in the process of selling. Also, until such operations were discontinued in 2009, we provided housing accommodations to the oil and gas drilling industry principally in Texas and geological mud-logging services to our then existing business segments. We are also in the process of divesting the assets of this business.
Well Servicing Division. Our acquisition of Best Well Service, Inc., or BWS, gave us a strong footprint in the hydrocarbon-rich Hugoton basin. BWS operates up to 25 well service rigs in the Mid-Continent region of the United States. BWS has distinguished itself over the years in its service to both major oil companies and large independents, as well as an employee retention history that we believe is among the best in the industry. BWS also has complete in-house safety certifications and ranks extremely high within its regional peer group.
Business Strategy Going Forward
Our overreaching goal for 2010 is to increase the level and predictability of our revenues in the well services business.
Basin-Centered Opportunities. In early 2009, workover activity industry-wide witnessed a severe contraction. At BWS, activity decreased in a matter of weeks from 25 active rigs to as few as three. In the wake of that decline, BWS was able to restore its activity level to between 40-60% of available rigs by capturing a larger market share of available work in the Hugoton Basin. Best now estimates that BWS's share of the local market is roughly 80% versus 30-35% in 2008.
HBFP. During 2009, a much repeated reason our customers gave for not having more active workover programs was that capital was not being made available from their corporate decision makers. In recognition of the customer's needs for capital, Best is in the process of establishing Hugoton Basin Financing Partners, or "HBFP," a joint undertaking with an oil and gas focused private equity group based in New York.
Under the arrangement as currently contemplated, BWS would source candidates for HBFP that require capital to finance their workover projects. HBFP would take capital advanced to it by the private equity Fund and, on certain undisclosed terms, provide financing to the customer in return for a preferential return from production from the wells, plus a premium and a residual back-in after payout. Customers of HBFP would be required to use BWS to provide their workover services. In addition, BWS would be retained to bundle certain additional services for the HBFP customer, with BWS being compensated for such services by the vendor. The HBFP non-binding indicative term sheet calls for up to $5 million of capital being made available to potential BWS customers. The HBFP transaction is subject to negotiation of a definitive agreement between the Fund and Best. Best believes there may be a substantial market for this style of financing, not only in the Hugoton Basin, but in other basins as well.
Best Energy Services, Inc.
10375 Richmond Ave.
Suite 2000
Houston, TX 77042
Phone: 713-933-2600
Fax: 713-933-2602
E-mail: BEYS@efcg.net
Elite Financial Communications Group, LLC/Elite Media Group
605 Crescent Executive Ct.
Suite 124
Lake Mary, FL 32746
Phone: 407-585-1080
Fax:407-585-1081
E-mail: BEYS@efcg.net
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