GASFRAC Energy Services Inc. GSFVF

GFS Share Value

[78Spider]

I  was reviewing GFS financial balance sheet at:

https://tmx.quotemedia.com/financials.php?qm_page=57852&qm_symbol=GFS

Taking the Assets of $322 and subtracting the Liabilities of $58M leaves an Equity of $264M.

Equity of $264M divided by the number of outstanding shares of 64M gives a value of each share at $4.12

Given the recent insider buying and considering today's other posts, there seems to be a lot of potential.  Of course, if Q4 numbers come in strong, this should make a good play.

This is JMHO and one of many tools to try to predict the future, so, take it for what it worth.

Yes, I am a shareholder.

[VPofFNE]

Predicting the future is always the issue isn't it? As at Q3 (Sept 30)   Tangible assets = $323mm Total liabiliites = $87mm Tangible Book Value = $236mm ($3.69 per share)   They had lost $31mm at the end of Q3, and are on pace to lose ~$40mm for the year. If Q4 even breaks even, it will reverse a disturbing trend of destroying equity. Once this happens, the market will respond by