Replies to post #106891 on Koil Energy Solutions Inc. (KLNG)

[spec machine]

I think it's even worse than that.

waste of Investment capitol to own this stock any longer.

I truly think they have been so reckless in their spending that they have broken the law and quite possibly are under a full SEC forensic audit now. The speed that the SEC moves at is glacial so it'll likely take a couple years for charges to surface.

Operations like this are the scum of the marketplace and investors who expect a fair market should root for a full investigation and charges as appropriate.

The one thing that still puzzles me is why Butler is still there. I've had a couple conversations with him and from his tone you can sense he's in a tug-of-war type situation and he's made some unflattering comments regarding Ron and Mary. What's happening at DDI is stomping all over his credibility and reputation and I find it hard to imagine that he needs the paycheck that bad to let it continue.

spec

[spec machine]

Link back to Hank's original

Here it is again and I'd say it's spot on.

It 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

I think we'll find that this rings true and the "structured deal" is in fact some form of institutional holders salvaging some value from DDI's failure to contain spending and what I think is a breach of contract on the previous PIPE since they failed to accomplish the contractural requirement of a majority independent BOD.

A board stacked with "yes" men and a COB who allows the type of wreckless spending that has plagued DDI for years is, in my view, a total ripoff.

I'm certain the institutional funds don't want ownership of a larger stake in a sinking ship, it's far more likely a controlling share with board members included who can salvage whatever value they can before selling off the scraps.

spec