Koil Energy Solutions Inc. (KLNG)

[spec machine]

Hi Trueheart, I think you're being overly generous in referring to the Panama costs as a "miserable investment"

If I recall correctly, the costs laid out in the SEC filings and narratives were close to a million $$

Of all the miserable investments Ron has made the Panama gambit is the one that stands out for its apparent attempt to self serve personal interests at the expense of shareholders.
There exists no reason to establish a Panama "office" nor has management offered something credible.

Yeah, that was a pretty blatant fiscal shenanigan

For anyone who may have missed it, this property linked below is the "DDI Ranch" (aka "petting Zoo") that shareholders money purchased (under the dubious explanation that it was being used for various DDI company functions)
https://www.realtor.com/realestateandhomes-detail/1447-Fm-1010-Rd_Cleveland_TX_77327_M83268-48538#photo0

IIRC, the purchase price was $600K, it was previously owned by an "inner circle" employee who apparently lived there and continued to live there when it was owned by DDI.

Did anyone see ANY rent in the SEC filings? NOPE
Did it show up as an asset in SEC filings? NOPE
Did the title ever get transferred to DDI? NOPE

THEN, after getting caught and exposed (thanks for the assist Steve Jackson) they "sold" it back and held a IOU for $600K from presumably the same employee who continues living there

Is Deep Down in the sub prime jumbo mortgage business?? Did shareholders see any interest showing up on the SEC filings? NOPE

It appears that it was finally paid back based on their latest filing

I know some of the details of the DDI Ranch fiasco and it STINKS from top to bottom

Then there are a dozen other scandals that have surfaced that lend a lot of credence to the theory that shareholders have been getting SCREWED for YEARS

I'd also say they committed fraud (or at least misrepresented) in their conference calls claiming to be under strict spending controls and "lean and mean" during all of those events

SEC may be closing in

I've got my popcorn and I'm happy to assist the SEC with a road map if they ask

spec