04-24-2019, 03:16 AM
(04-24-2019, 12:33 AM)admin Wrote: Turns out one of the companies that The Oil & Gas Trader Bulletin had flagged as dodgy isn't dodgy. We should have checked that, so mea culpa for that.
The company in question is ACM Europe and while we don't know whether it can be responsible for the $50M in backlog that was penciled in in that backlog PR, it's certainly a company of sufficient heft and there is nothing dodgy about it.
Our questions with regard to exploding backlog while significantly dialing down revenue guidance remains, but we're no longer all that worried about potentially dodgy customers.
I saw that as well, ACM, and laughed as I personally know the Cupisz twins very well. And to your point, it is "a company of sufficient heft" and I look for this relationship to materialize significantly. Im sure, at the end of the day, Hal will fully address the concerns floating around backlog/conversion Revs on May 7th.