Koil Energy Solutions Inc. (KLNG)

[Trueheart]

For the most part, the 14C appears to be a reiteration of the Poison Pill they adopted earlier, which says in lawyerly language that the shareholders have no say whatsoever in the company's affairs. Management and the BOD have total and absolute control of Deep Down.

Interesting language of the adoption of Amendments. This is most of the language but there is some paraphrasing for simplicity: "Nevada law requires Amendments must be adopted in a meeting except that Nevada law also says that the Amendments can be adopted by written consent with the written consent of the majority of the stockholders." That's what happened May 16, 2008. I can see Yossarian scratching his head (Catch 22).

Market value of DDI shares on December 31, 2007 was $0.98.

Capotosto got a ten year deal on his 200,000 options @ $1.15.

Questions that may have been answer before: Why are Chamberlain and Butler on consulting agreements instead of being direct employees of DDI? Tax treatments?

AIMMHO.

Trueheart