Replies to post #69662 on Koil Energy Solutions Inc. (KLNG)

[Trueheart]

Do you all remember a picture that was posted last week of Ron in the parking lot with two men, one of which was in a dark suit, the other holding his arms to his side?

I'd bet a dollar to a donut that they were the attorneys that crafted the poison pill. I thought they were buyers! LOL

Trueheart

[jk21]

good point. i just learned from this. thanks

"'The BOD has amended its constitution. It now divided into three classes.'
In a nutshell, it is now set up much like the U.S. Senate which every two years has a third of the body up for election. The majority of the body stays in toto and can only be changed in the majority on a two-election cycle. The DDI BOD sits in one year, two year and three year seats. Thus, the staggered board makes is more difficult for stockholders to change the BOD for whatever reason."

[jk21]

if we're totally optimistic, then we can say they are taking complete control and that's a good thing because they are competent and trustworthy.

but it we're sleazy ihub penny traders, then their actions regarding creating this other class of stock could be construed as negative because it shows the company is taking complete control of the company and we have no say and "that's scary because `most penny ceo's are scumbags.'"

perhaps this may have lead to some of the sell-off we saw. the fact that we were steady at 1.00 for most of the day with all that volume doesn't quite fit with this. but it could've contributed to some of the selling pressure.

if dpdw was a $7 stock, it may be seen as highly bullish, but down here on the otc.....maybe some were skeptical.

nonetheless, we saw some 30k hits on the ask, along with 10's and 20k hits too, and that is the most bullish sign really.

[taby]

Excellent post! Putting these legalities into plain English is welcome and very informative. Good Morning everybody-I actually feel very good about the trading today and believe we'll see a strong opening which should set the tone for the whole day.No doubt,over the weekend, people have reconsidered the value inherent in the company. If the games played on Friday are over we should move higher IMO.