Home > Boards > US OTC > Delisted > Pioneer Energy Services Corp. (fka PESXQ)

They had a market cap of over $500M

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SC777 Member Level  Tuesday, 03/03/20 08:22:11 AM
Re: trader59 post# 379
Post # of 397 
They had a market cap of over $500M last year without a profit - balance sheet issues ALWAYS cause the PPS to drop to bankruptcy levels. Once the balance sheet gets cleared up, upon emergence I've seen many return to prior value.

The only difference here is that equity is getting a cut!

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