Replies to post #71192 on Sixty Six Oilfield Services Inc (SSOF)

[toncatmad]

They have been caught many times. If you have actually been following and have read any of the comments from This past summer you would in fact see that they got busted and al we say is true

[SooS416]

In 2017 the company posted $1.1M in net income, the company then just goes private without any compensation paid to shareholders and zero money changing hands.

What would you call that? Does that seem legit to you and follow what it suppose to happen during a divestiture of a public company?

Can you imagine a real public company just being able to allow a revenue generating asset to be taken back private for free?

[wadirum1]

I have seen many, many fraudulent penny stock companies. All were allowed to operate by the SEC -- right up to the time when they weren't.

And is it illegal to announce a merger and then rescind it several months later? Is it illegal to issue debt and then a few months later issue shares when the debt holder sues for nonpayment?

These deals might be relatively difficult to police. Or perhaps it is just that the SEC is understaffed?

Nobody can say whether the ax will fall tomorrow or never.

In the meantime, this can certainly go way, way up -- regardless of whether it is a total scam. Or it can fizzle and go nowhere. I just don't care to see posts about it being anything other than what it is.