Replies to post #4606 on National Energy Services Inc. (fka NESV)

[integral]

stocksmarter Friday, 07/17/15 01:41:20 PM
Re: integral post# 4605
Post # of 4606
Read the current "Q" $23,592,568.00 in Total Assets. Property, plant and equipment alone is $16,454,207.00. Add an acquisition and we are off to the camp town races! :)

From the "Q":

ASSETS
CURRENT ASSETS
Cash $ 113,287
Accounts receivable, net 1,120,213
Other receivables 50,000
Prepaid expenses 1,099,256
Total current assets 2,382,756
Property, plant and equipment, net 16,454,207
Intangible assets, net 4,574,857
Security deposit 750
Deferred financing fees, net 179,998
TOTAL ASSETS $ 23,592,568

Read it again, it is highlighted in red. Current assets. Again, $1.1 of that is a stock certificate paid to a consultant.

[stocksmarter]

Summation:

With $23,592,568.00 in Assets, minus total liabilities of 19,185,422, you get a total Shareholders equity of $4,407,146.

With only 4.5 million in the float, this Company should be trading on face value alone of $1.00 not counting any multiples for being public!

Now that's what I call a tremendous upside to me, no matter how you want to slice it up! :)

Explain all of the recent moves, it has all the makings of a Company getting ready to go somewhere. Anybody can find dirt on any one Company on here, doesn't mean they are worth dirt! lol!

[KGuzzetta]

Yup! Yet your still looking at a dime!