Replies to post #4608 on National Energy Services Inc. (fka NESV)

[integral]

1) $4 million is intangible assets. The issuer is claiming their name of the company is worth $4 million. Pure BS.

2) $1.3 million in tangible current assets.

3) $10.3 million in CURRENT liabilities. These debts are due in 365 days or less.

4) $1.3 million in assets cannot service that $10.3 million in debt due in 365 days or less.

What are they going to do? Sell their name for $4million to pay that debt that is CURRENTLY due? Sell some trucks? What are they going to sell to pay the $10.3 million that is CURRENTLY due in 365 or less?

Convertible debentures at deep discount is what is servicing that debt, DOOOOOOWWWWWWWNNNNNN goes the stock.

And yes, you take a charge on the difference its a loss. Sell ten cent stock at five cents and see how fast the losses mount.

Sell that name for $4 million pay your bills. Otherwise its BK or perpetual discounted stock conversions. Neither plan works for equity shareholders.

[milobug]

THIS ONE IS 100% PURE DIRT !!!