Koil Energy Solutions Inc. (KLNG)

[spec machine]

Hey there TH, I've not paid much attention except to check back and see if DDI got itself in gear to be a business

Still no progress on that but I see that they hired a new PR firm so they're trying to sell some new stock to someone ... soon

On all of his previous conf calls Ron has always been bubbling over with giggly enthusiasm for the "near future" ... followed by huge losses

Revenues continue to sag, losses continue to drain shareholder value

Now he is only "cautiously optimistic" ????

Look at the revenue vs reduction in backlog, almost all of the revenue was previous orders!!!

On his Q3 call Ron proudly stated there were practically no new orders and the revenue was almost all from backlog - he was so proud to finally get some of the backlog done... then he follows up with - there were practically no new orders .... DOH!

Now he's signalling throwing in the towel on the big contracts from the supermajors (which I think means DDI no longer qualifies to bid on the big jobs)

Instead he's going to chase little scrap jobs way out in fringe exploration countries???

Classic Ron

IMO
spec