Replies to post #76416 on Sixty Six Oilfield Services Inc (SSOF)

[wadirum1]

Market cap, if one includes the A-1 preferred shares (which convert into 4 shares of common for every share of common outstanding), is now:

$0.016*699,991,000*5 = $55,999,280

That's a pretty lofty number. I wonder what $55M company would want to go public via a reverse merger with a shell like SSOF with its interesting history?

But even if SSOF does manage to find a $55M suitor, that would only just justify the current price. What folks here are hoping for is a MUCH larger company -- maybe one worth half a billion or even several billion, so that there room for SSOF shares to move much higher in price.

As you say, I'm envious of the folks who held. Wow! Congratulations. But this is not going to end well.