Sixty Six Oilfield Services Inc (SSOF)

[wadirum1]

Comparing the original filing to the amended filing, there are a number of really wild discrepancies.

Do you all now owe $1.3M in liabilities or $1.7M?

Are the underwriting fees $3.7M or $0?

There is consistency in SSOF issuing another billion (with a "b") shares.

Where are you getting 1c to 7c? I'm seeing 1c, and I am finding that very hard to believe. Who would pay $10M to buy half of the commons in a company with at least $1.3M in debt and only $50K per year in supposed earnings? And don't forget the A1 preferreds. If this went through and the A1s were exercised, SSOF would have 10B shares. Wowsa! At 1c, this would be like the market valuing this $50K income stream at $100M. Really? LOL

And, no, nobody is going to cash your shares out at 1c to 7c. The company is now heavily in debt and has no resources for buying your shares. They are SELLING shares, not buying them back, and the price is what they HOPE to sell for. My guess is that they'll have to push the price down from here to get those all sold. I think what I would be hoping for if I held shares is some sort of irrational blip up in the price -- or maybe even a ride to da moon. I am not seeing any sort of value-based argument for SSOF.