$ssof 2106 camry just got an oil change and tune uplooking at the .0052 200ma test for a pivot here on the 1hr chart. still an empty shell but you ppl love that shit
SSSixty Six Oilfield Services, Inc.
0.000100USDD
0.0000000.00%
At close at Jun 12, 13:34 GMT
USD
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SSOF trade ideas
$SSOF$SSOF dragonfly doji??? >>> The reversal implications of a dragonfly doji depend on previous price action and future confirmation. The long lower shadow provides evidence of buying pressure, but the low indicates that plenty of sellers still loom. After a long downtrend, long black candlestick, or at support, a dragonfly doji could signal a potential bullish reversal or bottom. After a long uptrend, long white candlestick or at resistance, the long lower shadow could foreshadow a potential bearish reversal or top. Bearish or bullish confirmation is required for both situations.
$SSOF BOOK VALUE $0.0775 PPS NO CONVERTIBLE DEBT__ REGISTRATION STATEMENT/AUDITS expected within weeks!
Based on Current & Expected Annual Income $1,200,000.00 with current O/S @ 474,990,000 the Net Income price per share is $0.0031 x P/E of 25 this stock is worth $0.0775 per share or Market Cap of
$36,811,725.00 vs. Today's Market Cap of $1,092,000.00.
Based on future growth the PPS could be as high as $0.25+
As of January 2015, the average P/E ratio for the Oil and Gas sector is 25.4.
Assets = $6,987,000.00 vs. Total Liabilities = $477,000.00
**Shareholders Equity $6,510,000.00**
1st 9 Months Revenue $4,652,000.00
1st 9 Month **NET PROFIT $876,000.00**
Quarterly Growth Over 100%
Share Structure
500,000,000 Authorized Shares
474,990,000 Outstanding Shares
411,876,209 Float
$1,092,477.00 MARKET CAP (Unreal)
3 Purchase Orders worth $2,046,000.00 with $461,000.00 Net Profit, Announced End of August/September>> ih.advfn.com
ih.advfn.com
Convertible Debt Update >> The Company has approximately $399,000 in convertible debt originating in transactions before the acquisition of 66 Oilfield Services, LLC on March 14, 2017. The Company and the debt holder have agreed to suspend convertibility and the accrual of future interest on approximately $377,000 of principal, to extend the maturity date to September 30, 2020 and to a payoff of that principal and accrued interest through June 30, 2017 for a total fixed amount of $450,000, paid in eight installments beginning September 30, 2017 www.sixtysixoilfield.com
AUDITED FINANCIALS >> SIXTY SIX OILFIELD SERVICES, INC. (OTCPink: SSOF) announces that it has engaged MaloneBailey LLP, a certified independent accounting firm of Houston, Texas, to audit its financial statements for the fiscal years ended December 31, 2015 and 2016. Audited financial statements are required for the Companys planned filing of a registration statement on Form 10 with the US Securities and Exchange Commission.
James Frazier, the Companys President, stated: MaloneBailey has extensive experience in audit work for the oil & gas industry. Engagement of the firm puts us one step closer to achieving our goal of registering with the SEC, which we anticipate will occur in early Fall of this year. As exciting as this step is in positioning our Company for growth, this news is overshadowed by a renegotiation of our convertible debt, substantially eliminating its equity overhang of the market for our common stock.
$SSOF $TGLO
$SSOF r/m audit in preparation for registration statement$SSOF 475m outstanding, 500m authorized .0014
$6.5m shareholder equity $896k NET PROFIT 3Q ending Sept 2017.
$477 total liabilities, of which $399 convertible debt agreed to suspend convertibility for cash repayments of $56k per quarter. This convertible debt originated in transactions before the 66 Oil Reverse Merger.
Shell Cleaned. No dilution.
www.sixtysixoilfield.com
www.otcmarkets.com
