Koil Energy Solutions Inc. (KLNG)

[spec machine]

So Ron got booted? LOL it's about time

so the good news / bad news looks like this

Ron out - good news for shareholders

Ron's exit has a HUGE golden parachute (see employment agreement)- bad news for shareholders

The stock has at least some value and the company has a chance of survival in the near term - good news

The stock has a value of about .15 or less - bad news for shareholders

BOD has control - good news for shareholders

Shareholders still have NO vote on any matters - bad news for shareholders

It's going to be a while before the impact (damage) of the severance on the balance sheet is known

I suspect that Ron will be dumping every share just like Butler did and the severance may even include the company buying him out at a small discount to market and that'll drain just about every dollar they have

I told y'all he was winding it down and sucking every dollar out that he could

IMO

spec