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Gold/Mining/Energy : Boots and Coots International Well Control Inc. (WEL)
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To: scott_jiminez who wrote (89)3/23/2003 2:26:17 PM
From: who cares?  Read Replies (2) of 214
 
"NPR just reported folks from Boots and Coots (and the reporter specifically stated the company's name) are on the ground at the Ramallah oil fields in southern Iraq."

WEEE GO WEL, man I hope the krill like you buy this thing one more time, oh please please please please.
Why not let go of the desperate long crap for a few seconds and deal with reality. A handful of wells on fire, even if WEL gets to put them all out, it's only a few million dollars in SALES, not PROFITS, and at 60 cents this thing had a $30mm market cap with large debt. So it will be selling for a big multiple of SALES with no future revenue to be found, still in debt, facing heavy dilution to pay down that debt, in other words it's a POS. Don't be surprised also if say they get paid a million dollars to put out a well(a totally fictitious number) then out of that million $300k goes to a company formed last week in some offshore haven that sells sheet iron for 30 times the going rate, and another $300k goes to buying water from a Panamanian company formed last Wed. that sells water in Iraq for $10/gallon etc. Any money that goes out on a govt. contract in the Middle East will wind up exactly where the higher ups want it to and that is certainly not in the pocket of bagholders dumb enough to buy stock in a BK company in default.
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