Replies to post #83922 on Koil Energy Solutions Inc. (KLNG)

[sidedraft]

Exactly, would you sign loan papers stating that there will be a balloon payment due, without the date due being stated, and without the amount of the balloon payment written into the contract, in dollars and cents.

Talk about toxic financing! This penalty is vigorish, and Deep Down signed off on this deal?

[tombrady12nh]

sandvet-Happy New Year. I agree with you regarding Mgt needing to make a statement, that is what I expressed to Steve. JMHO

[Piecemaker]

This part says a lot. Further, Steve speaks for the company. He is a VP, and works nowhere else. He is the proper channel of communication. As long as I've been in DPDW, I've never heard directly from anyone else. It is clear they are following the strong suggestion of a "quiet period". Discussing the shareprice (especially due to SEC fines) would NOT be considered "business as usual".

"2) In my further opinion, although "business as usual" press releases, and company communications are allowed during this process, the SEC imposed "quiet period" specifically frowns upon unusual, or as is stated in the SEC document that explains this process (attached for your review and convenience), "gun-jumping," which essentially is "conditioning the market for the issuers’ securities to be sold in a registered offering." In laymen's terms, IF we were to engage in any historically unusual, and/or immaterial communications as suggested in the attached, it may significantly increase the possibility that the registration could TAKE MORE TIME because of any resulting, and in this case preventable, SEC action. I know that everyone would not want that. I also believe we have a fiduciary responsibility to execute and perform this and all company activities for the best interest of all of our shareholders."

w/r
Pmker

[sam68]

Sandvet - Very well said - Right on!

There is No excuse for Management not knowing what the situation was then and is now.