FTK...Price in the $1.50's now...Volume up huge today and yesterday. I did pick some up in the $1.30's & low $1.40's for a play. Will set stop orders in case it drops.
The proposed amended deal raises Flotek's yearly 10yr backlog revenue to $217M+ a year. It's non-exclusive meaning Flotek can work w/ other interested companies. Lots of opportunity in organic growth also.
Should have industry leading margins.
The deal will take Flotek where G&A is less than 10% of revenue.
Will not need to build any additional facilities.
I believe ProFac will control approx 40% of Flotek.
Not an expert here, but this sounds like a great deal. Going to re-listen to the call later. Stock closed @ $1.78 and is currently up a notch AH's