Replies to post #59622 on Sixty Six Oilfield Services Inc (SSOF)

[wadirum1]

Wow! Where can I buy some?

You have no assurance the methodology we have used to establish the offering price of $6.00 for the 5,500,000 shares offered by this prospectus is valid. The computation involves the assumption that we complete a future transaction for the purchase and resale of six oil drilling rigs with a net profit of $35,000,000. The balance of the acquisition price will be funded in part by $12,150,000 from net proceeds from the sale of our shares. We have applied a multiplier of five to the forecasted net profit from the sale of the six oil drilling rigs to arrive at a forecasted estimate of our market capitalization of $175,000,000, which we have divided by the 38,150,000 shares of common stock we will have issued and outstanding. Completion of the purchase and sale of the initial six oil drilling rigs is expected to facilitate the purchase and resale of an addition fourteen oil drilling rigs over a period of twelve months, for a total of twenty oil drilling rigs. We have not taken into account forecasted net profit from the sale of the additional oil drilling rigs or the net profit regular operations in forecasting our estimated market capitalization.

https://www.sec.gov/Archives/edgar/data/1756680/000157570518000271/s1a1_10sion.htm

[MaverickAK47]

Do you have a link? Where can we see that?

[MaverickAK47]

Too bad this wasn't the version that came out initially.. We would've been trading above a penny now if it weren't for that panic that the initial S-1 caused