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Monday, September 16, 2019 9:32:37 AM
How did GEO connect with DMAN: Craig knows Guy Peckham from way back.
They GEO will be concentrating some of their work in the Permian Basin.
GEO has proven their technology to others by taking seismic readings in areas close to wells dug by others and comparing notes of what the seismic readings say about what is down their verses what the the other company has in their notes.
GEO is on the road alot. Craig currently is in Florida. They have customers all over. They have begun to have revenue. My question to Craig was is it net revenue or gross revenue he is talking about. Craig said that they use their revenue to buy their supplies etc. I told Craig he just answered by question. If they are buying supplies etc. with their revenue it would have to be net revenue.
Management will be filing a form 4 (that tells what amount of shares they own and when they bought. Management (Craig) believes the price of DMAN right now is at an attractive price and has begun to actively buy DMAN shares.
GEO charges by the reading, or sometimes by a percentage of what is in the ground (percentage of the booty)or sometimes by an agreement to use the land on the lease agreement.
Hope this helps
Sky
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