Koil Energy Solutions Inc. (KLNG)

[Trueheart]

Littlefish, I have enjoyed reading your incisive posts. At this time you are the anchor of honesty and forthrightness.

Deep Down went south many years ago after the acquisition of Flotec, when management and the BOD feared that the company could/would be taken over, as they thought they had a real gem with a huge potential to increase revenue. They created Amendments and By-Laws that gave the insular group the ability to fend off suitors and it gave them total and complete control of the company. They shut out investors from the vote and from input.

The dream became a bust as Flotec was a loser. Their solution to that problem was to acquire another flotation company, a successful one this time, to consolidate operations and to marry the best of both. The result of this business decision was the loss of both companies as they somehow thought that the company they brought in to finance and manage the deal would treat them kindly and follow their plans. In the end the deal maker pulled the rug from under them, I guess teaching them that great whites forever will be carnivores.

They're the bunch that couldn't shoot straight and the sin of it all is that they still are not accountable to shareholders. Still.

My opinion.

Trueheart