Thread regarding ION Geophysical Corp. layoffs

Global Dynamics - Sailwings Acquisition Puzzling?

Why would anyone waste money on under ice activity?

No one is exploring in the Arctic at sub $75 oil.

Why would a struggling company like Iongeo buy a technology that no one needs?

Could have saved a few jobs there Brian had you been thinking.

But you don't care about peoples jobs so it don't matter.

Must be some other reason for the acquisition.

Maybe they are relatives?

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| 1922 views | | 1 reply (April 29, 2016) | Reply
Post ID: @OP+H80KL1y

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The company is small 1-2 people, cost minimal so didn't need disclosed. Probably little additive earnings value apart from sending some positive news to the market. It might add some value and it might not not, listen to earnings call to see how CEO spins it.

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Post ID: @1esc+H80KL1y

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