Replies to post #28486 on Sixty Six Oilfield Services Inc (SSOF)

[wadirum1]

A former affiliate of the Company has an agreement to acquire the notes from the lender and,
upon payment of the acquisition price, to satisfy the notes in full by means of conversion of notes
into whatever number of shares of authorized and unissued common stock the Company has
available at the conversion date.

No mention here of an A/S increase. Why word it this way if the plan was to increase the A/S to the point where it would satisfy the "former affiliate"?

I figured it was BS, and this is one of the reasons why I headed to the sidelines.