Replies to post #106890 on Koil Energy Solutions Inc. (KLNG)

[10 bagger]

It really is a shame and waste of Investment capitol to own this stock any longer.. The ambitious waste of capitol thru self dealing expenses going to the insiders all but extinguishes the life of this company in working capitol and the Bank is finally waking up.. Soon their lines could be shut off and we could a private placement at $0.25 from the Institutional investors taking control.. Once that happens Ron & Co. will be on the outside looking in at a new management team trying to salvage what is left.. hank

[uncleremus]

36k/yr times 30 is 1.08 million so it's greater than interest only plus there might be a balloon payment at the end of the loan.
Why would they have to borrow a million in working capital when they have 5.7 million in cash?