Sobek's Stock Forum

[Sobek]

$ALYE - Founder, former CEO, and current Chairman Micki Hidayatallah (72), was responsible for taking Allis-Chalmers Energy Inc. (FKA NYSE:ALY) from approx. $47 million in revenues to well over $650 million in revenues between 2004 to 2011.

In 2011 Allis-Chalmers Energy Inc. merged with Seawell Limited (NOTC:SEAW) in a transaction worth $1.1 billion ($890 million after assumed debt). At the time of this merger, Allis had over 3,300 employees and combined with Seawell, doubled their employee count and expanded their reach to 4 continents.

http://archerwell.com/about/

$ALYE over the last 5 years has built a multi million dollar company from the ground up. They started with the safety net of big bank financing on credit based on past success with Allis and, once they achieved their path to success, using personal money, insiders and close affiliates of the company paid off that debt through a preferred placement.

Now all current debt is held by officers and insiders as well as their current lines of credit. In other words, now the company is very self sustaining and poised for exponential growth.