Replies to post #69434 on Koil Energy Solutions Inc. (KLNG)

[mvernail]

Good post! thanks!

[MossyOak]

Excellent way of explaining, Deep Down wants to be the one buying up companies not the other way around.................JMO

[JoeSmith]

After observing this companies management of their stock and good name for 20 months, this also was my conclusion: "The Bylaws were amended and a class of preferreds was created to strengthen the hand of the Board of Directors and prevent a proxy fight."

thanks Fritz




My posts are my opinions. Always dd to your own comfort level.

[SageWise]

Thanks Fred. Good observations. I agree - DPDW has every idea of being a big fish of the deep sea and they're ensuring that they're prepared for bigger fish wanting to swallow'em up.

[IDRILL4GASOIL]

Some players/investors do not like barriers to takeovers. May explain some of the pressure. I think you are correct management does not want their plan disrupted.