I believe Wilk Brothers are shorties because of
1. insider information
2. US fracing industry information (US Fracing industry are hedged hugely and likes lower oil prices) = i could bet the OPEC is doing nothing
3. They protected and overpaid this incompetent CEO Gary Kolstad
Liar and completely failure CEO Gary Kolstad in the 4Q16:
"We believe technology sales growth, broader sources of revenue, an improving commodity price environment and a corresponding increase in industry activity, will contribute towards our goal of a positive EBITDA exit rate by year end". LIE!
He has not achieved it in 2017.
Outlook 3Q18
"We continue to be very encouraged by customer interest in our three sectors' technology products, increasing international activity, and the expected recovery in the North American oilfield in 2019. This, combined with continued reduction in structural costs gives us confidence in reaching positive EBITDA".
Two years later Gary Kolstad has almost ruined CRR. He has already ruined the share. No smart investor will put money in this company with such lying leader. Wilks can read quarter reports. They must know that Gary Kolstad can only burn money. Over 400 Mill $ burnt Gary Kolstad in 4 years.
Do you think Gary Kolstad can reach a positive EBITDA??? Gary Kolstad projected positive EBITDA in 2016 for 2017 = he achieved a 100 Mill $ operating loss, burnt over 200 Mill $ in stockholder equity and the Board of Director increased his salary over 90 % to 3,5 Mill $ in compare to 2016 for crashing the stock in 3 years over 95%.
When i read all facts are the Wilk Brothers happy, when the board raised the salary so enormous. I know why!!!
Wilk are shorties.
They give a piece of ... of all long term or retail shareholders like me.
Why was not/is not our lovely Gary Kolstad purchasing large blocks of shares in 2016 or 2018????
They are short and enrich themself.
