So just 60 employees are making the move to TGS, according to their announcement?
12 replies (most recent on top)
TGS bought some assets and hired a few people. A couple other companies also bought some assets and hired a few people. The stock price reflects the meager money left in their bankruptcy accounts, to be distributed to holders of their debt.
Seems that "Warren Buffet" (pronoun?) either forgot everything he knew about stocks/valuation, or he is an imposture. So "Warren", todays market cap is $88 Thousand. What do you suppose it will be in ten years? We can't wait for you embittered response!
Is there anything left of Ion now or have all the employees been sent home ?
Erm WArren didn’t tgs buy ion officially now so how can ion even have a stock value?
Ion stock is now at $0.004, 4 tenths of 1 cent. I warned you a long time ago.
The career's of those in acquired service companies, especially oil field, follow a predictable pattern that is known to anyone who has been around long enough to see it happen. The less experienced are forever hopeful. Float that.
You are so hopeful that it doesn't work. Whatever floats your boat
Just wait and see, Layoffs are happening……
There was no obligation to take on any ION employees. Only hired who was needed to utilize the assets. 60 people is not a big bite.
Now they’ve taken the 60 or so employees as they promised to close the deal , layoffs before end of the year guaranteed - feels like ion all over again they had a period of massive growth before realising they over stretched
How man executives made the cut?
64 total. 20 in UK. 2 in Brazil. 42 in Houston.