quote:Originally posted by Stockstar69: I added more last week! I could have waited and seved .15 cents but in the long run We will be over 2.00 / 3.00 ???
Exactly
Today i just slapped the ask, no point in wanting to save a couple pennies when the stock will be at a much higher price down the road
True! Sometimes we have to play reverse psychology!
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posted
Someone was buying 4000 block of shares throughout the day at $1.52, no matter what the current ask was. One of the trades went through afterhours at $1.52 also
posted
Check out this ****ing idiot on superiorinvestor website..
quote: You know what that 1.49 close signifies to me? That it can't hold above 1.50.
I also feel it's the MM's subtle way of letting savvy traders know that the party's over, so either get out now or pay the price later. Lots of buying going on today. Very good hunting ground for the MM. It's already down .02 in AH.
When you have a market preparing to sink into depression in the short-to-midterm, you certainly don't want to keep your money tied up in dicey stocks. Everyone bought in early today, hoping for good news from the Fed minutes. Once the bad news was released, the MM wisely kept the price alfloat so as not to arouse suspicion, so traders would think everything's still cool, so other traders would keep buying in... But that's just my paranoid take in trading so many of these micros over the past 11 months...
Complete retard..
He thinks people bought in hoping for good fed news..
I dont think he understands we dont give a **** about the fed news
This company will continue to expand and make more money
quote:Originally posted by woswill: Check out this ****ing idiot on superiorinvestor website..
quote: You know what that 1.49 close signifies to me? That it can't hold above 1.50.
I also feel it's the MM's subtle way of letting savvy traders know that the party's over, so either get out now or pay the price later. Lots of buying going on today. Very good hunting ground for the MM. It's already down .02 in AH.
When you have a market preparing to sink into depression in the short-to-midterm, you certainly don't want to keep your money tied up in dicey stocks. Everyone bought in early today, hoping for good news from the Fed minutes. Once the bad news was released, the MM wisely kept the price alfloat so as not to arouse suspicion, so traders would think everything's still cool, so other traders would keep buying in... But that's just my paranoid take in trading so many of these micros over the past 11 months...
Complete retard..
He thinks people bought in hoping for good fed news..
I dont think he understands we dont give a **** about the fed news
This company will continue to expand and make more money
What an IDOIT! I wonder how he makes his money...
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quote:Originally posted by woswill: Check out this ****ing idiot on superiorinvestor website..
quote: You know what that 1.49 close signifies to me? That it can't hold above 1.50.
I also feel it's the MM's subtle way of letting savvy traders know that the party's over, so either get out now or pay the price later. Lots of buying going on today. Very good hunting ground for the MM. It's already down .02 in AH.
When you have a market preparing to sink into depression in the short-to-midterm, you certainly don't want to keep your money tied up in dicey stocks. Everyone bought in early today, hoping for good news from the Fed minutes. Once the bad news was released, the MM wisely kept the price alfloat so as not to arouse suspicion, so traders would think everything's still cool, so other traders would keep buying in... But that's just my paranoid take in trading so many of these micros over the past 11 months...
Complete retard..
He thinks people bought in hoping for good fed news..
I dont think he understands we dont give a **** about the fed news
This company will continue to expand and make more money
What an IDOIT! I wonder how he makes his money...
He probably doesn't. Of course, he would tell us otherwise.
Anyways..
You shoulda got back in at $1.21, woulda been 25% gain so far. Beats the heck out of that 10% gain you got from $1.78-$1.95 lol
posted
True. But I am looking into subpennys and pinchers right now...I don't have much money to spread around otherwise I would....and I don't want to put all my eggs in one basket either
If I had some more dough laying around for investments I would definently put it in dpdw and not touch it for 5 or 6 years. (Sounds so nice...)
I am still kicking myself in the a** for not getting in dlav at .0005 last week. I heard a rumour and it was a bottom play... $500.00 =20k Can you say 40 bagger!? lol.
quote:Originally posted by GlassCrasher: DPDW****A chartists nightmare**** I think it's safe to hold this one for 10 years.
Oh, come on! I wanted that 40 bagger overnight!
I'll wait a few months if the company stays steady and continues to deliver products. Looking at all the good news regarding Deep Down, I feel this is one of the safest investments in the stock market right now, especially for the low priced stocks.
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posted
just did a thread search on the word dilution cuz I had an interesting chat the other night, re a post made on da hub, back in October. Seems that--despite the "pledge" that's been posted and re-posted here--at least some dilution has taken place, masked as "debt reduction."
quote:Posted by: jimmenknee In reply to: jimmenknee who wrote msg# 60317 Date:10/10/2007 11:26:04 PM Post #of 64694
DPDW-- a little chicanery? Seems the PR "couched" the exchanging of preferred shares as "debt reduction," when in all likelihood it allowed former officers to be able to sell commons via a 144(k) exemption.
Rule: "... 201.06 A former affiliate who wishes to sell non-restricted securities may sell without compliance with Rule 144 as soon as his or her “affiliate” status has ceased. The cessation of affiliate status is a facts-and-circumstances determination and counsel should not assume that it ceases instantly. Rather, the former affiliate should wait some amount of time – either the 3-month period of Rule 144(k), by analogy, or until the issuer files its next periodic report, before publicly selling the non-restricted securities without complying with Rule 144. [April 2, 2007]."
SEC File: "The Series E and G redeemable exchangeable preferred stock have a face value and liquidation preference of $1,000 per share, no dividend preference, and are exchangeable at the holder’s option after June 30, 2007 into 6% Subordinated Notes due three years from the date of the exchange. ... Deep Down evaluated the Series E and G preferred stock and has classified them as debt instruments from the date of issuance due to the fact that they are exchangeable at the option of the Holder into Notes.
Classifying as debt instruments allows any subsequent PR that talks to the "exchanging" to common shares to be referred to as debt reduction.
SEC File: On March 20, 2007 Deep Down finalized the terms of an agreement with Daniel L. Ritz, Jr. (shareholder and director), who agreed to surrender 25,000,000 shares of common stock for $250,000 in cash (par value). The market value of those shares was $7,250,000. Additionally, he surrendered 1,500 shares of Series F convertible preferred stock with a value of $1,325,773 and 500 shares of Series G exchangeable preferred stock with a value of $357,615 to Deep Down for cancellation in exchange for 1,250 shares of Series E exchangeable preferred stock valued at $945,563. ... In addition, Mr. Ritz also kept 500 shares of Series E exchangeable preferred stock he previously owned and agreed to tender his resignation from the Board.
SEC File: "... On March 20, 2007, the Company accepted the resignation of Daniel L. Ritz, Jr. from the Board of Directors."
Good news bad news? 7.25mill in exchange for .945mill? How about restricted commons for "exchangeable preferreds"?
SEC File: On March 20, 2007 Deep Down issued 2,000 shares of Series E exchangeable preferred stock to John C. Siedhoff, then Chief Financial Officer, and director, valued at $1,512,901 for the surrender of his ownership of 1,500 shares of Series F convertible preferred stock valued at $1,325,773 and 500 shares of Series G exchangeable preferred stock valued at $357,616, which were returned to the transfer agent for cancellation. ... On May 15, 2007, Deep Down accepted John C. Siedhoff’s resignation from the board of directors and his resignation as Chief Financial Officer, effective April 30, 2007. ...
Approximately same value, just noting as a possible redeemer according to Oct 5 PR.
Press Release: HOUSTON, Oct. 5 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) today announced it has exchanged 1,250 shares ($1,250,000 aggregate face value) of Series E Redeemable Exchangeable Preferred Stock ('Preferred Stock') for 1,213,592 shares of common stock in an agreement reached on October 2, 2007 ...
SEC File: In May 2007, Deep Down executed a Securities Redemption Agreement (the “Agreement”) with a stockholder (the former CFO of Deep Down) to redeem 4,000 shares of Series E exchangeable preferred stock at a discounted price of $500 per share for a total of $2,000,000. The discount of $500 per share from the face value of $1,000 was accounted for as a substantial modification of debt, thereby generating a gain on extinguishment of debt which is reflected in other income. Deep Down accreted the remaining discount of $1,102,385 attributable to such shares on the date of redemption. The shareholder placed all 4,000 shares into an escrow account as of the execution of this agreement. Terms of the payment to the shareholder are: 2,800 shares at $500 for a total of $1,400,000 paid in August, 2007 (See Note 12), with the remaining shares to be redeemed monthly beginning August 31, 2007 at a minimum rate of 40 shares at $500 per share, or $20,000 per month.
Certainly seems to fit the portion of the following PR:
Press Release: HOUSTON, Oct. 5 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) ... In addition, Deep Down announced that it has agreed to eliminate an obligation to pay $20,000 per month for the next 28 months, or an aggregate of $560,000, by exchanging this obligation for 543,689 shares of common stock. This agreement was also reached on October 2, 2007.
Overall -- eh? I think I'll keep a better track of PRs and filings from now on.
in a subsequent post, another fellow, a pretty analytical-type guy offers this:
quote:Posted by: clarity789 In reply to: None Date:11/25/2007 9:47:32 AM Post #of 64694
DPDW Effective Float and Volume History
Base Support is estimated at 1.28527
($ calculations use closing PPS as the multiplier)
NOV - Total Volume = 2,931,420 for 16 trading days $4,945,639.00 OCT - Total Volume = 9,186,334 for 23 trading days $15,699,347.00 - dilution (4 million shares) SEP - Total Volume = 4,943,443 for 19 trading days $3,900,961.00 AUG - Total Volume = 3,646,958 for 23 trading days $2,806,585.00 JUL - Total Volume = 2,604,597 for 21 trading days $1,777,563.00 JUN - Total Volume = 3,565,837 for 21 trading days $2,280,895.00 MAY - Total Volume = 1,458,327 for 22 trading days $689,689.00 APR - Total Volume = 1,694,368 for 20 trading days $821,690.00 MAR - Total Volume = 1,703,272 for 21 trading days $522,875.00 FEB - Total Volume = 547,183 for 17 trading days $154,725.00 JAN - Total Volume = 1,562,055 for 20 trading days $471,390.00 ------------------------------------------------------ For 2007 Total Volume = 33,843,794 for 223 trading days $34,071,359.00
Trading patterns here have had me confused following an earlier dip I projected fairly accurately... Hence, I was glad to have my little chat...not saying the sky is falling, understand, but it *does* bug me to have to "pull teeth" to get dig this out of filings, especially given "the pledge."
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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Just saw this in response to an iHub shareholders inquiry...
The information looks great as it is what we have been expecting. We just need to be patient.
Email response from IR:
Mr. XXX:
Thanks for your interest in Deep Down, and your kind words.
I'll get right to the point, I still soon expect the Mako acquisition to close, and yes, it is still very much on-track. (I'll caution to not compare the ElectroWave acquisition, and its associated timeframe, to this one. Each acquisition of a company has a unique set of hurdles and challenges, and it's like comparing apples and oranges.)
Please indulge me as I paste an excerpt from a recently sent e-mail to one of our shareholders, that I believe accurately expresses the current state of affairs:
"...I believe with the company expected to at least double last year's revenues, and three quarter's worth of data to analyze, that this is very realistic to state. And, this "forecast" is without the Mako acquisition added in - that would change things considerably.
This industry is "hot" and Deep Down's know-how and technology are needed now more than ever. And, as we go deeper in offshore oil production, Deep Down will likewise grow, in my opinion. They have the know-how...
...Regarding the third quarter, from management's perspective, they believe they are performing strong, business outlook for them is as bullish as the oil industry in general, and they are on-track with their strategy...
...I am confident that we'll be soon informed as we move forward with significant events of importance to shareholders. One thing that management (the largest shareholder as a group) has been very careful to guard is the company, its stock, and most importantly its shareholders.
This year's growth, price appreciation, and acquisition, vis-à-vis their reduction in debt and outstanding share count, has been staggering (I'll also add, rare), and I believe clearly demonstrates that management is indeed doing the right things for all its shareholders."
I hope that this has been helpful, and encourage you to contact me anytime you require further information.
posted
My resource shows this to outperform its peers although it does have a very high debt to equity and long term debt to equity ratio.It was trading above the 200 day moving average.The last 4 weeks shows bad price range but the previous 48 week it did show great gains in price.The info source I used is from Reuters
posted
I'm barely in CSHD. Just a morbid curiousity, and I only bought when it was down under a penny, just for fun.
ETIM I was in, but sold long ago. this one I missed, but watched it go from like $1.70 to what, like $2.80ish, regretting missing out. Knowing me, I probably would still be holding though, so maybe it's for the best
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the company didn't dilute tex the old directors did...right?..or just sold out id say and i would say no news didnt help the share price.
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quote:Originally posted by captain america: the company didn't dilute tex the old directors did...right?..or just sold out id say and i would say no news didnt help the share price.
I'll buy that...
"former" vs "new"
But it's the "new" guys' pledging no dilution, right?
that is, current guys could say, "Hey, by the way...." here's this lil hidden thang...
right?
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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there is no question the former directors screwed the "new" shareholders... no news tells me the "new" company is doing their best to screw them "old" directors back..lol
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