Lee, I think you nailed it with your post. The announcement was a shocker and the last paragraph very unproffessionally worded. When you have a new product on the market, sometimes you have to give away the first few to get a deal, or at least discount. CKK should not have idle rigs in the current climate regardless of their technology. Of course I might be wrong and they sign a monster deal next week but on the surface it looks less than stella.
CKK Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held