Replies to post #2596 on National Energy Services Inc. (fka NESV)

[stocksmarter]

I doubt they are running on fumes when $20 Million flows through the coffers a year. You are just looking at a snapshot in time my friend! Also, there was an 8k filed in February lifting the requirement so your facts are again wrong:

"In a reasonable time as outlined by the PSA, NAS as Parent Corporation will pay off Seller debt. NAS shall not be required to pay any portion of the Seller debt until such time it has sufficient funds to pay the debt in full" No time limit on retiring the debt!

Also:

" Seller will have collectively transferred, assigned and delivered to NAS the following, one hundred percent (100%) of the Shareholder Interests owned by the Seller, free and clear of all Liens. The Shareholder Interests sold, transferred, assigned and delivered to NAS pursuant to the preceding sentence collectively constitutes all of the outstanding Equity Interests of the Seller. In satisfaction of applicable requirements under any Shareholder Agreement, Articles of Incorporation or Bylaws of the Seller, and the Seller hereby consents to the sale, transfer, and assignment of the Shareholder Interests contemplated by this PSA.

No unwinding provision here!! Get your facts straight before posting as you are not being viewed as unbiased here Integral!