Koil Energy Solutions Inc. (KLNG)

[CoreyH]

Can someone clear up the relationship between MediQuip and Deep Down for me? Trying to trace through the acquisitions, it seems that SubSea formed an agreement with Deep Down to 'restructure' ... and SubSea entered an agreement with MediQuip, which basically made SubSea the majority holder of MediQuip, and used MediQuip as a platform to go public, while still restructuring with Deep Down.

Is this correct? Am I misunderstanding? Was there any real purpose for choosing MediQuip as the launching platform? It seems a bit strange to me, since these companies are so different. I mean, once SubSea entered into the agreement with MediQuip, all of MediQuip's board members resigned -- which essentially 'dissolved' the company into SubSea ... which allowed DPDW to go public. Was that the only reason? Or is there some synergy between MediQuip and SubSea/Deep Down that I am not seeing?

Sorry for what is probably a stupid question for you long term investors. I am having a bit of trouble untangling this web.

Thanks!