Koil Energy Solutions Inc. (KLNG)

[5cap]

"Look out for increases in bank borrowing as this will be the key to see if Gene has finally got the runaway train under control.. "

Total bank debt at the end of each quarter

08 Q4 $1.17M
09 Q1 $2.91M
09 Q2 $4.87M
09 Q3 $5.95M

I had been focused on revenue increases which were good and should be continue to be good in Q4, but I failed to appreciate how fast the costs were rising also and that they were borrowing more and more.