Aly Energy Services, Inc (ALYED)

[Sobek]

Email from CFO from when they announced the r/s



Quote from last quarterly report:

Pelican’s contribution of approximately $16.1 million of the Aly Senior Obligations into shares of Series A convertible preferred stock that represents approximately 80% of our common stock, or 53,628,842 common shares, on a fully diluted basis. The preferred shares carry a liquidation preference of $1,000 per share or $16.1 million upon issuance.

Pelican still owns 80% on a fully diluted basis, just now divide the common stock number by 20 and the liquidation preference will adjust accordingly with market price of the common stock.

Also, a company can't apply for an uplist using a forecasted number, odds are that's why they didn't apply yet. Once the new share structure is official (20 days after the split) I will see where we stand with the uplisting, that's if they don't release an update.

$ALYE