Basic Energy Services Inc. (fka BASXQ)

[littlejohn]

CJWS was basically a worthless, dead duck walking

company when Ascribe pedaled

it to BASX...


Covid 19 was already a full

blown pandemic for over a

month when BASX closed deal

in early, March, 2020...

And BASX Executives squandered over

$59 million of BASX cash then...

Over $95 million was paid for the

seemingly worthless enterprise with

impeded means to generate revenue in

the biz climate of oil sector then...


page 7 in 03/31/2020 10q filing...


https://www.otcmarkets.com/filing/html?id=14245130&guid=uCPnUF7exZvF_yh

03/09/2020 8-k filing on

the deal...

https://www.otcmarkets.com/filing/html?id=13998808&guid=ajPnUn_z481G_yh


How Reckless were BASX Executives

to do the deal then?...


Here is timeline for 2020

Covid 19 events...


https://www.ajmc.com/view/a-timeline-of-covid19-developments-in-2020


It highlights a strong problem

with how BASX Executives operated

during the pandemic...


Shareholders owning then who

might become negatively impacted

by a BK filing by BASX seem to

have just cause to protest...


So it would seem understandable

if any prospective BK financing

has an ample fund also to be

used in case cases evolve due to

March,2020 transaction...


Things could get very complicated

if BASX doesn't right the ship

without further shareholder harm...


And you better doggone know that

BASX could use $59 million about

now if it crossed your mind...


So we watch...LJ