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Mammoth Energy Services Inc C.TUSK


Primary Symbol: TUSK

Mammoth Energy Services, Inc. is an integrated energy services company focused on providing products and services to enable the exploration and development of North American onshore unconventional oil and natural gas reserve. It is also engaged in the construction and repair of the electric grid for private utilities, public investor-owned utilities and co-operative utilities through its infrastructure services businesses. It operates through four segments. The Natural Sand Proppant services segment mines, processes and sells sand for use in hydraulic fracturing. The Well Completion services segment provides hydraulic fracturing, sand hauling and water transfer services. The Infrastructure services segment provides electric utility infrastructure services in the northeastern, southwestern, midwestern and western portions of the United States. The Drilling services segment provides rental equipment, such as mud motors and operational tools, for both vertical and horizontal drilling.


NDAQ:TUSK - Post by User

Post by iknowiamgr8on Dec 01, 2022 1:24pm
110 Views
Post# 35143647

Well, 16 days ago,

Well, 16 days ago,tusk gave a news release stating they NEEDED to raise funds because they were not only BROKE, they were carying a $179,000.00 debt load.  when youi consider that they have a $7,111.00 per day cash burn average, by tomorrow that will put the debt to $300,000.00.......OUCH!!!!......Obviously NOBODY is going to buy into ANOTHER one of their private placements seeing as they already did 3 within this last year and blew through all the money with NOTHING to show for it....tsk tsk.....Huge debt, ZERO revenue and NO Private placement SUCKERS equals BANKRUPTCY......THOSE ARE THE FACTS!!!!!
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