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Kelso Technologies Inc T.KLS

Alternate Symbol(s):  KIQSF

Kelso Technologies Inc. is a Canada-based diverse product engineering company. The Company is specialized in the creation, production, sales and distribution of proprietary products used in rail and automotive transportation. The Company designs, engineers, markets, produces and distributes various proprietary pressure relief valves and manway securement systems. It is a developer and reliable supplier of rail tank car equipment used in the handling and containment of hazardous and non- hazardous commodities during transport. The Company offers specialized rail tank car and truck tanker equipment, no-spill fuel loading systems, first responder emergency response equipment. The Company's rail and road transport equipment includes pressure relief valves, vacuum relief valves, bottom outlet valves, pressure car pressure relief valves, pressure car angle valves, top ball valves, one-bolt manways and related equipment, and other specialty valves, parts, equipment, services, and others.


TSX:KLS - Post by User

Bullboard Posts
Post by fdxflyboyon Aug 15, 2015 11:52am
490 Views
Post# 24021429

Good Morning Kelso believers....

Good Morning Kelso believers....Some of you may have a hangover from having to drink heavily last night due to the violent rush to the exits this week.  I too feel the pain of this unjustified retracement.  I will share with you a few of my thoughts.  First, I think Seadooxp1's summary was excellent and I agree with all he wrote.  Mr. Bond purchased 10,000 shares yesterday at 2.00 on the TSX.  Mr. Andrukalitis purchased 10,000 shares on the AMX at 1.56.  Fianlly, Mr. Troy purchased 10,000 shares on the AMX at 1.90 on Thursday.  I feel we capitulated yesterday.  Massive volume for Kelso and finished off the low.  This is a good sign, not defenative, but a good sign we are near a bottom.  We could have one push lower at the start of the week, but i would bet we finish higher Friday then we did yesterday.  I spoke with management this week.  Having owned the stock for 24 years, my calls are usually returned.  Things are fine at the company.  Yes, orders are down and this quarter will be light again, but as has been stated time and again, this fall should see significant orders that will continue for the forseeable future.  We are now trrading at a market cap of less than expected SALES for 2016.  This to me screams buy.  The outrageous projections of 400,000-500,000 in revenue for 2017 is not posiible.  This crazy talk is what drove the stock up to a unsustainable market cap of nearly 300 million.  That was way too high for the current and real projected sales and earnings.  This is why I sold many shares near 6.00.  As we have fallen back I have been buying small blocks, but purchased many shares on Thursday and even more on Friday.  I can say I did get the lowest buy yesterday at 1.43.... embarassing low in my opinion.  I left the msg board in May due to overly optimistic folks who touted wild numbers and ridiculous valuations.  They have been quieted for now.  I'm not saying that I know whats ahead for the company or the share price. But I do know that the insiders stepped up this week, I jumped back in with both feet and the future still looks bright albeit thru a stained glass window for now.  For those of you that bought much higher, I am sorry.  My kids accounts hold shares purchased in the 5's and many friends bought there too.  Many were chased out this week and I can't really blame them.  But I will tell you that I am still holding many original share i bought in the 1990's and will be holding for at least the next 3 years.  I could not enjoy a beverage last night after the carange but I will be partaking tonight.  Have faith, realistic faith, and lets all hope they can do what they say can do for the next few years.  Cheers
Bullboard Posts