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GASFRAC Energy Services Inc. GSFVF

Energy
GasFrac Energy Services Inc is an oil and gas service company. It is engaged in providing liquid petroleum gas fracturing services to oil and gas companies in Canada and the United States of America. The company has developed a patented waterless Liquid Petroleum Gas gel that yields higher reservoir production while eliminating concerns over water use in fracturing.


OTCPK:GSFVF - Post by User

GASFRAC Energy Services Inc. > td lower target price
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Comment by Thanksforplayingon Mar 13, 2014 7:54pm
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Post# 22320714

RE:RE:RE:RE:td lower target price

RE:RE:RE:RE:td lower target priceAh. Yeah.  Ok.  First I'm a cim so yes I can read statements   Yes there was amortization   But here is the real problem. Cash is down 6 mil from last year and they only have 2 mil left.  At this rate they will be out of cash soon. Moreover current liabilities are up 50 percent and if you look at the current ratio it's almost 1. This all is unsustainable    Especially with revs down year over year.  They will have to raise money somehow. Debt or equity.  Or hopefully a takeover
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