Koil Energy Solutions Inc. (KLNG)

[JoeSmith]

Looks like they figured, worst case scenario they would be paying the penalty from Sept 3 until the 6 months were up from the initial pp date. So their max liability is/was for 3 months.
If the pp holders ARE selling some of the shares, (the recent number(amount) of shares with the legend lifted and the T/A tend to support this), then All Purchasers are Not being prohibited from selling.
imo, that makes this a non issue, imo, except for the payment of 3 months worth penalties to the shareholders, imo

"Assuming that this Registration Statement is not declared effective by the Required Effective Date and/or all Purchasers are prohibited from selling their shares under this Registration Statement, we will be required to pay daily damages of $13,332 per day to the Purchasers. As a result, our failure to obtain timely effectiveness of this Registration Statement could cause a material adverse effect on our results of operations and/or force us to pay penalties to the Purchasers."