Sixty Six Oilfield Services Inc (SSOF)

[Ksweets101]

Me too. Fingers crossed- but I think we are golden!

I didn’t put 2&2 together until this morning.
In regards to why SSOF went public into a pink shell after being private for 59 years.
-the following is just an educated guess-
1- EAD never paid for the rig SSOF sold to them 2-3 years ago
2- that combined with the oil services sector pinch at the time.
I think they had to be brought public last year, to keep them from going under knowing the court case would take a while.

Fast forward to the present-
3-27-2018 initial ruling upheld. SSOF wins the legal battle with final rehearing cutoff this upcoming Wednesday.
From what it looks like- EAD didn’t even show up- nor do they have the funds or ability to pay for court costs or a good lawyer.
So typically this would be near pointless if a company can’t pay out $$ awarded.

Fortunately for SSOF, the rig sold to EAD was impounded at the port of Houston by the sherifs- so we have a multimillion dollar asset ready to change hands.

I suspect (my speculation of course) that the rig could be one of the rig sells mentioned for Q2 completion!

Can’t wait for Wednesday!

SSOF