GASFRAC Energy Services Inc. GSFVF

td lower target price

[bruleoil]

from 2.75 to 2.25. No wonder, gfs has fewer and fewer revenus. Look the late report...

[Thanksforplaying]

Results were horrible. Running out of cash.  Rev down.  Will either have to do a financing lower down   Or look to get bought out.  This isn't sustainable

[kiwiV8]

Nice posting history TFP! Do you get paid to bash or just get a kick out of it?

[ac0001]

Right on! Anyway I don't even know if he is able to read a financial statment The loss is only on paper because of higher ammortisation of equipment.  I wouls agree with him if gasfrac would pay a dividend but that's not the case. Further more the pool of taxes caryover is important, and that alone gives gasfrac value! ac0001

[Thanksforplaying]

Ah. 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  

[Thanksforplaying]

Ha.  You are funny.  Actually I own a bunch of the debentures. You don't like me speaking the truth don't read.  I would add the way the debentures better then I would have thought considering how bad things look.  That could mean a take over is coming