Replies to post #25923 on Sixty Six Oilfield Services Inc (SSOF)

[Hamocydal206]

Mods please sticky this post

[WiscoDish]

Any idea if they'll be posting these financials on OTC Markets?

[WiscoDish]

Looks like we've got a reverse merger here. Took place on March 14th.

General Development and Narrative Description of Business – On March 14, 2017 the Company announced that it entered into an Exchange Agreement with 66 Oilfield Services of Oklahoma to which it has acquired all the assets and liabilities of the Company via an exchange agreement. The transaction is being accounted for as a reverse merger.

66 Oil Field Services (“66”) is a third generation heavy oil field equipment company founded by J.C. Houck in Oklahoma in 1959 and focuses on supplying the oil industry with custom drilling rigs, heavy-weight
drill pipe, drill collars, pup joints, pony collars, handling tools, tubing, casing, blow-out preventers, engines, compressors and other select equipment to customers world-wide through our facilities in Oklahoma City, Germany and Dubai

[OrangeShovel]

Amazing #'s here. Profitable company.

SSOF
GLTA

[SidewaysTrader]

6.4 million in assets and for now they can't dilute!
Copper coming!

[abazaba375]

You ready to make bank or what

[Helter Skelter]

Ok, in the Balance Sheet (old, I'll have to update) it has Total Equity (stockholders' equity) at $5,833,000 < ...that's total assets minus total liabilities...divide the equity by the outstanding shares and you get...$5,833,000 / 500,000,000 (OS rounded) = $0.01166 or $0.012...and that's based on equity alone...doesn't factor in profit, growth potential, etc...