Nuverra Environmental Solutions Inc. (fka NESCQ)

[fredugsi]

Excellent update Billy! I would add the following:

1). Dick Heckmann has relinquished his "power" and will now be Chairman of the new company. The acquired company's main guy will now be running HEK, which I believe is a big positive.


2.). UGSI, which HEK owns 7.5% of, does not figure into any financial metrics in that this "pink sheet" company does not report it's financials. The head of UGSI is on the board of HEK, and so is Lou Holtz, both of whom bought stock in HEK in the open market at a cost basis of $3.50, before the company announced its most recent large deal. Lou bought 100,000 shares, Andy Siedal bought much less.

UGSI has been growing 25-30% per annum for over the past 5+ years. Company has a market cap of approx 100 mill.