Replies to post #82549 on Koil Energy Solutions Inc. (KLNG)

[rockitt]

vtbound, the current amount owed as of today is $1,158,840, that my friend, is almost equal to the net income reported for Q3 (1,540,000). The 10-Q stated that $360K was reserved as of Nov. 14 for these penalties, and Mr. Haag said management was well prepared for these contigencies. How can one be prepared to hand over to the PP buyers an amount that would wipe out a quarter of net income.

I am not concerned about who did what or did'nt do that, bottom line is this substantial amount of money has to come from somewhere.

The way I see it, as of today, based on a net profit margin of 14% (as reported in the Q3 10-Q)the next $8,277,428 in revenue that DDI generates is for NAUGHT !!!

rockitt