Koil Energy Solutions Inc. (KLNG)

[Fred Kadiddlehopper]

In pinkie land a Regdex filing usually means death by dilution, hence the panic selling today, IMHO.
However, in the case of DPDW what we have here are some moves by the principals of the company to address the issue of a hostile takeover. The Bylaws were amended and a class of preferreds was created to strengthen the hand of the Board of Directors and prevent a proxy fight. This is most logical given the consolidation in the industry that we are witness to over the last 6 months or so. This consolidation phase is not going to abate due to the high level of money to be made in deepwater drilling. The DPDW board wants to be the company doing the acquisitions. They most certainly have plans to be one of the big fish and do not want to find themselves having to simultaneously fend off a hostile takeover bid.
IMHO, these moves are entirely consistent with the DPDW business plan. No worries.
Good luck!
-Fritz