Koil Energy Solutions Inc. (KLNG)

[Prime39]

Trueheart, of course you are correct. Cargo Hauler and TurnKeyOil have it right, also.

Evidently, 10 Bagger has never been at the closing table when a company is purchased or sold.

Goodwill is, as 10 Bagger says, the difference between the sales price and the assets appraised value. This is where people can say "fake", but I think Cargo meant to say an asset with no "tangible" value.

Maybe they will conclude the purchase, but the books will be scrubbed, like TurnKeyOil says, because it's best to take the writeoff's now during an acquisition or ownership change....it's always easier to explain the bad numbers away to the investors at that time.

I do hope y'all make money, so goodluck, I'm just glad I didn't buy in at $2.35 (high), $1.00 ($12mm), $0.70 ($40mm) or anyother number above $0.05.