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Posted On: 11/14/2018 10:58:14 PM
Post# of 235
I fear the worse. All the bottom fishers here will have a much lower price to buy at tomorrow if Clayton doesn't release the financials. Guessing 40-50 million share bloodbath by the close tomorrow if that happens, but if he surprises with a good report showing growing revs and profits we should move up nicely. A very interesting number to watch for is assets on hand, particularly inventory, of all three companies combined for the first time.
Unfortunately Clayton has shown no regard for the well being of shareholders. He has really turned out to be a two-faced disappointment. I am unaware of any phone calls or emails being returned to any of us in more than a week. The only one who returned my call was Mike McCarthy of Network News Wire. He must be asking what he got himself into with this client. Even he has got to be sick of Clayton's shit.
I'm holding all my shares and i'm willing to go down with the Titanic. Just hoping that sound in the background isn't the band playing while the life boats are being lowered.
Has anyone here considered the possibility that the audited financials are completed but the restatement is so horrendously low that they may not be able to release them due to legal liability? It was previously PR'd that Fluid End did $6.2 million in sales and $2.0 million in profits for 2017. That released news resulted in a steady move to 2 cents. If the audit proves that number was nowhere near truthful, there would be serious legal jeopardy, not for Fluid End, but for SSOF and Dave Ho. In that case the only thing the company could do would be to pocket the audit and never mention it again. Ba bye rig financing (except from Bland who will do anything to get his company back) and ba bye QB uplist. Bland already hinted at this in the S-1 when he included a puzzling statement about how SSOF will have a hard time completing the audit.
The signing of the LOI by Clayton smacks of desperation. I hope to god i am missing something and we will be nicely surprised, but there is a dark cloud over this company right now and one man is responsible. Jason Clayton.
Unfortunately Clayton has shown no regard for the well being of shareholders. He has really turned out to be a two-faced disappointment. I am unaware of any phone calls or emails being returned to any of us in more than a week. The only one who returned my call was Mike McCarthy of Network News Wire. He must be asking what he got himself into with this client. Even he has got to be sick of Clayton's shit.
I'm holding all my shares and i'm willing to go down with the Titanic. Just hoping that sound in the background isn't the band playing while the life boats are being lowered.
Has anyone here considered the possibility that the audited financials are completed but the restatement is so horrendously low that they may not be able to release them due to legal liability? It was previously PR'd that Fluid End did $6.2 million in sales and $2.0 million in profits for 2017. That released news resulted in a steady move to 2 cents. If the audit proves that number was nowhere near truthful, there would be serious legal jeopardy, not for Fluid End, but for SSOF and Dave Ho. In that case the only thing the company could do would be to pocket the audit and never mention it again. Ba bye rig financing (except from Bland who will do anything to get his company back) and ba bye QB uplist. Bland already hinted at this in the S-1 when he included a puzzling statement about how SSOF will have a hard time completing the audit.
The signing of the LOI by Clayton smacks of desperation. I hope to god i am missing something and we will be nicely surprised, but there is a dark cloud over this company right now and one man is responsible. Jason Clayton.
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