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Interesting...
Nice bid in 82 x 83
Good morning 665! Let’s test .01 today
Great day today!
What did I miss???? 8 hit and 85 on the Ask! Break of 84 will signal more buyers IMO
Break 84 with a pm push?
Well that cleared up the Ask. Nice slaps!
Gooood Morning 665’ers!!
OTCX top bidder with HOD on the Ask.
.008 slapped
Break of .008 should bring some volume
Beautiful low volume climb
VFIN back to $2000 lol
Some very nice bids in
Dam! 79s nice! Just popped in today to say hey and glad to see Green! Great things happening here IMO
Very nice indeed!
Need some volume to get this reversal started
Sounds like the audit may be done, or at least very close. All good IMO
1.7Mil cross
VNDM top Bidder
Ask thinning out
Little dip before penny break
NEW YORK, Aug. 29, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Sixty Six Oilfield Services, Inc. (OTCBB: SSOF) announces Jason Clayton as the new President and CEO of Sixty Six Oilfield Services, effective immediately. In pursuing the Company’s stated goals, Mr. Clayton announced, “It’s my pleasure and honor to lead SSOF into a new era. We are immediately proceeding with plans to partner with a rig debt financing company to fund the purchase of the eleven (11) identified oil drilling rigs for a total purchase price of $40.00mm. This action represents an incredible opportunity to jumpstart the next phase of growth and expansion.” The initial round of rig funding is for $26.25mm for the purchase of six (6) 2000 HP Rigs with a second round of rig funding for $13.750mm for the purchase of five (5) 1500 HP Rigs. The Company expects to sell each of the 1500 HP Rigs within 6 months of purchase, each at a base case of $8.5mm as well as to sell each of the 2000 HP Rigs within 6 months of purchase, each at a base case of $13.75mm. The Company predicts that the base case scenario of the cumulative transactions will total $125mm with a net profit of $63.4mm before financing cost. The Company will self-fund the total refurbishment cost as needed per rig buyer. All oil rigs have already been appraised. These deals will be fully structured with interest, fees and compensating balances with funding to be placed in escrow with UCC liens.
Mr. Clayton will also remain the President of the subsidiary Five Star Rig and Supply. Mr. Clayton has been with Five Star since 1993 and has worked in and managed all areas of the company including and most importantly customer growth and sales. In 2016, he became President of Five Star overseeing all day to day operations.
In leaving the post of CEO, Mr. Dave Ho stated, “It’s been a pleasure to serve the investment community and employees of SSOF over the last seven months. I plan to continue to work with and support Mr. Clayton in a new capacity to help advance the Company’s strategic goals that were formulated at the beginning of the year. The Company’s immediate future is in great hands with Jason. He brings a wealth of knowledge and impeccable credentials to lead the company and expand into the rig refurbishment business. This incredible opportunity will supercharge growth and propel SSOF to new heights of success.”
During this time of transition, Mr. Clayton is supported by longtime key staff members including Mr. Jimmy Joslin who has been with Five Star Rig and Supply since its inception in 1984. Mr. Joslin has worked in all areas of the company from shipping and receiving to warehouse management, manufacturing, sales, inventory control and administration. He is responsible for orders processing, inventory control, delivery, logistics and supervision of custom projects such as rig and rig equipment refurbishment, testing and certification as well as other general day to day duties. Mr. Jim Frazier, currently EVP, will remain with the company in the role of CFO as the company prepares for further growth and expansion.
Beautiful bids coming in
20Mil in volume and 96 up!! Penny break imminent!
Sixty Six leaving doubters in the dust!
88 PRINT!!
Breaking 7s soon
Put a Quarter in, its almost time to dance
Over 8 mil loaded this AM
Nice 1.4M slap on 67
Getting some nice slaps today
“The Company predicts that the base case scenario of the cumulative transactions will total $125mm with a net profit of $63.4mm before financing cost. The Company will self-fund the total refurbishment cost as needed per rig buyer. All oil rigs have already been appraised. These deals will be fully structured with interest, fees and compensating balances with funding to be placed in escrow with UCC liens”
Amazing day today!
.001s getting loaded