Replies to post #68662 on Koil Energy Solutions Inc. (KLNG)

[xZx]

richierich, your post makes it seem as if we just paid $22M for the only division of the company which is currently active. good freaking grief. lol

to assume there have been no new developments at either mako or electrowave, since the last proteus PR -- simply because we've seen no PRs -- relies upon quite a few... uh... "assumptions"... many of which may not be even remotely accurate.

during the time frame DR was arranging financing for FT it's my understanding that both DR and deep down were in a quiet period. now that this funding is complete, i'm of the opinion we'll see regular updates on a variety of fronts. it's also worth noting in most cases we won't see a PR until orders have been shipped, so news tends to be a lagging indicator of activity. jmho.

[spec machine]

I'll be quite pleased if they (Electrowave and Mako) continue growth like this without PR's.

From Q1 filing-

Deep Down generated revenue of $6,279,465 for the three months ended March 31, 2008, compared to $2,098,394 for the three months ended March 31, 2007, an increase of $4,181,071 or 199%. Increased activity from Deep Down's offshore subsea business, including service activity related to installation and recoveries of subsea equipment, the delivery of launch and recovery systems, loose tube steel flying leads, winch system refurbishments, and an active heave compensated in-line winch system accounted for $4,293,820 of this revenue, an increase of $2,195,426, or 105% over the same prior year period. The Mako Technologies and ElectroWave USA acquisitions accounted for $1,985,645 of this revenue, an increase of 94% over the same prior year period.

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If that is what they can do even with the turmoil of being recently relocated (in the case of Electrowave) or under new ownership (in the case of Mako), I suspect they will perform very well now that the dust is beginning to settle and they can make the best use of their new colleagues and contacts.



To find real treasure you've gotta DIG