Eco-Stim Energy Solutions Inc fka ESESQ

[Prudent Capitalist]

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.

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 to Fir Tree (the “Conversion”), upon the Company receiving stockholder approval at the Annual Meeting of Stockholders of the Company on June 15, 2017. As such, all obligations under the Note Agreement and Notes have been deemed paid in full and the Note Agreement and the Notes have been terminated

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Very positive transaction for ESES. With revenue ramping up huge and setting monthly revenue records, and with new debt free balance sheet, the future is bright here.