Koil Energy Solutions Inc. (KLNG)

[littlefish]

4mars, speaking of DD how do you think they will meet their cash requirements (again)? Dilution and debt (2 things that at current pace IMO are dragging heavily on shareholders)...

"I believe a YOY of 120% increase, might answer one question....and the new acquisition YOY was 100% increase....get the picture"


I'm not talking about revs obviously. The 120% increase in revs does nothing to meet cash requirements unless it is generating cash in excess of expenses. ;) Considering their operating income alone has not even met the interest expense in any reported Q (OK one Q was about break even) to date I still ask the same question (and I'm being serious here):

Since when do companies with more interest expense than operating income in the latest year 10K get to put out that kind of statement (about meeting cash requirements)? I'd be VERY curious what the auditors think of that statement.
Especially since their debt facility is about maxed out.


There are some people in this that have a clue, some that don't IMO.

But good luck regardless, I'll leave you guys be for now... Got some other stuff to do.
Good luck.