GASFRAC Energy Services Inc. GSFVF

Lost 50 mil in equity this quarter

[Thanksforplaying]

At this rate in 6 months they will have nothing

[charbsey]

Thankforplaying , I believe they have 60 million to play with . I don't think this company will shut its doors because no one need LNG in the summer ... in the busy season action will come back ... has been cold in the last 2 years

[[e-mail]]

Just wondering what affect GFS patent on waterless fracking chemical(gel) will have on the share price after an awful quarter? This would be a perfect chance to shake the tree knowing full well the patent is driving share value! 

[Thanksforplaying]

Ok 60 mil.  At the rate they are going now it will last thm 6 months.   Yes LNG will be in demand but companies aren't using gfs.  Read their latest forecast.  Their clients are going away.

[charbsey]

Well .. it would take a while to burn 60 million irresponsible without shareholders knowing what is going on... I am not worried about forecast , the weather man is always wrong

[Thanksforplaying]

Ummm. You don't seem to get it.  They lost 33 mil last quarter!  Didn't hide anything, it's all in plain sight!  There biz sucks and in 6 months they will be broke!

[charbsey]

ok you win .

[mojo123]

we all lose

[stockhiker]

Could never have predicted numbers would have been so horrible. The other services companies are doing fine, some even having record quarters. The three year trend for this company is downhill. Last quarter make being put up for sale a likely outcome 

[[e-mail]]

Balance sheet still looking fine!

[Thanksforplaying]

I'm sorry but you really need to take some accounting courses!  Their balance sheet looks horrible.  They lost 50 mil in equity last quarter alone!    Almost 1/3 of the company...poof gone!  The only reason their current ratio (current asstets divided by current liabilities which points to company's liquidity) isn't bad is because they took 20 mil out of their

[[e-mail]]

16 mil in writedowns contributed toward the lackluster quarter!