Koil Energy Solutions Inc. (KLNG)

[MossyOak]

Just want to make sure everyone gets ALL of the information offered...............It was also stated that part of their loss included a loss on the discontinuance of its Azerbaijan operations of $3,504,000, or 55 cents per share, and recognition of income of $1,140,000, or 18 cents per share, due to a cumulative effect of a change in accounting principle for its inventory of parts. Revenues during the fourth quarter of 1996 were $4,776,000 for a 202% increase over revenues in the same quarter in 1995 of $1,580,000.

We may never know the all reasons why the company went BK....as with any team/group effort not just one person or division makes or breaks the company or causes the team to win or not.

http://findarticles.com/p/articles/mi_m0EIN/is_1996_Dec_20/ai_18967041/pg_1