Basic Energy Services Inc. (fka BASXQ)

[Lone Wolf]

Thank you for posting that. Now it all makes sense why the sudden and big buying here. It's my the commons the 'street' is interested in, it's those warrants.

So your $300 worth of shares become worth .54 cents...but those 28 warrants can be converted to shares of commons once pps hits $53...so your 28 warrants are now worth $1484...am almost 4-fold increase in your investment. Of course you can hold onto them past that $53 marker, but you'll need a pps of $53 to 'cash them in'. I'm seeing now why the buying and why the shorts are starting to cover...it's the warrants the buyers are after via purchasing the commons.

Anyone reading that differently?