Flotek Inds (FTK)

[Stockexpertpro]

FTK Reports Massive 75 Million Dollar Loss -1.30$ Per Share Company has 3 Million in Cash VS 90 Million in Liablities Debt grew by 9.2 Million Looks like they was in trouble with there lenders and in breach of their debt convants company revenues down -30% as they loss one of their largest customers out look dont look good oil and gas prices typically peak around this time of the year as the summer driving season comes to a close oil and gas prices should start to sell off out look is grim for this company

https://www.fairfieldcurrent.com/2018/08/08/flotek-industries-ftk-downgraded-to-neutral-at-seaport-global-securities.html

Stock just got downgraded

There diluting shareholders to pay there employees 2.4 Million shares was given to insiders in the past quater along

CEO Makes 1.3 Million a year

This company is spiraling towards bankruptcy i mean how in the hell they EVER Going to repay there debt load is beyond me there banks and lenders must be smoking crack or something reminds me of that bankrupt retailer that just went out of business there stupid lenders kept lending them more and more money think that they got pennys back on the dollar idiots

Short sell these bagholders bankruptcy and pink sheets coming