Koil Energy Solutions Inc. (KLNG)

[UHCougar]

There's more....

Page 5 of the 10-Q:

NOTE 4: LONG-TERM DEBT

Long-term debt consisted of the following:

Secured credit agreement - Whitney

September 30, 2013 $1,943

If they truly owned the assets as you've insisted they do, why would they use the term "secured" in the loan agreement and financial statements? Only $1,943 million of the $12.4 million in PP&E is secured in the event of default/bankruptcy/liquidation.

The bank does not "own" DPDW assets.