Koil Energy Solutions Inc. (KLNG)

[spec machine]

Claivoyant?

Or just observant of human behavior in all its variations including pathological liars?

Quote:
..../ it galls me when they conveniently change their definition of "backlog" when it appears it was a whimsical imaginary number for quite some time.

It's why I'm appalled in comparing actual activities to what was stated in my archived conference call recordings. Their "forward looking statements" don't have any connection to their actual near-term or mid-term activities. It's almost comical how far off their puffery is. In fact, every time Smith slows down his verbal tempo to emphasize a point, it turns out to be proven false later. The words fall out of his mouth without any meaning. Like when Clinton slows his tempo down to emphasize and says "I did not have sexual relations with that girl, Ms Lewinski". We know how truthful that was.

Play back some old conf calls and you'll see.

Listen for it, take note, and check back to see what actually happens. It's a verbal "tell"

One of the statements in the most recent call was the claim that they would recover the demobilization cost. I'm betting that will never happen and it'll get lumped in with some other costs as losses and unexpected expenses.

Another classic line from not long ago was the "We have never lost an order" right after they built a carousel that the customer wouldn't take delivery of. HAHA whoopsie!

When questioned in the conference call, Smith went off on a rambling story for I think 12 minutes (IIRC) blaming everybody except the Easter bunny for the problem and got himself so confused that he said EMAS was one of the parties that wanted to purchase that same carousel!

In my world (which I think is based on reality), none of the directors are independent and I've stated here why I think that. So really, there is no reason to expect a change in direction toward something that would generate increased investor value. Butler summed it up by saying "It's not really a turn-around story" and "It's a really fun place to be". One can only assume that he is speaking from a lavishly paid insider viewpoint (with other family members on the payroll), and not as someone who would, or has, purchased shares on the open market.

IMO

spec