Replies to post #106893 on Koil Energy Solutions Inc. (KLNG)

[spec machine]

Simple math, 36 is 6% of 600

So now check to see if you can find any bank to make an uncollateralized loan of 600k for 6%

You won't find any

That's why DDI needs to borrow more money, LOL! They give it away faster than they can get their greedy hands on it

The best part for the recipient of that 600k is when DDI goes bk, it won't need to be paid back.

Of course the bad part for shareholders is that all shares of DPDW will be cancelled

spec