Replies to post #106643 on Koil Energy Solutions Inc. (KLNG)

[sidedraft]

But I'll bet that JUMA made money.

[taby]

Spec, if anyone is going to have the gravitas to call for an SEC investigation or to initiate a lawsuit it will in all probability be one or several of the PIPE investors. I can envision one of those two possibilities to be the catalyst that sets in motion the end-game, that being some form of change in control. I just can't see this situation continuing without some of these parties reacting. IMO time may not be on management's side. BTW I too have lost patience here and would love to put this multi-year debacle behind me, even if that requires booking a loss, which in any outcome will surely exist.

[uncleremus]

So where's the fraud? Even the document offering to appoint or at least give best effort to appoint an independent board by the end of 2014 gives wiggle room. There's nothing against the law about losing money and the accumulated deficit here pales in comparison to other small companies (ie plug power which has lost money for 60 straight qtrs and written a book on dilution).