quote:Originally posted by PCola77: No offense man, but we've heard that line hundreds of times on hundreds of stocks, and probably 1% of the time the person is right. It's good to be optomistic, but don't get your hopes up too high.
To each his own, i guess. I've done my DD on this company so i'm confident with what i bought. Just do 10min worth of DD on this company and it becomes quite obvious that Deep Down Inc had some stellar growth in 07 and continues to grow in 08. They might hold the PPS down for a while but the fundamentals will win out every time, and i'm gonna be on board when that happens. JMHO!!
Fundamentals may help this recover through victory lane but with the market consistently pouring out the sky is falling news fundamentals take a back seat. And in many cases so does the worlds greatest chartest. The bears are winning imo. I look for a few decent gapers and throw $100 in when it looks about right and still it can get slammed against the wall.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 6648 | From: Virginia | Registered: May 2006
| IP: Logged |
quote:Originally posted by PCola77: You've been around too long to genuinelybelieve that's true with penny stocks....
quote:Originally posted by wes19c: [QUOTE]fundamentals will win out every time
Ordinarily yes, but as i stated before, i've done extensive research on this company. IMHO DPDW is the exception to the rule. This is the only OTC stock that i've ever seen that i would feel comfortable holding over a period of months or even years. Proof will be out soon enough. If you read the recent PR's, there are a few hints of an uplisting this year perhaps IMO!!
Posts: 137 | Registered: Jan 2007
| IP: Logged |
posted
Wes, do you know how often penny stock companies "hint of an uplisting"? And do you know what it actually takes to uplist? You do know that they would basically have to do a r/s to have any chance, right? And how many penny stocks have you EVER seen that actually hold their price or go up after a r/s?
And before you say that "this one is the exception", keep in mind that everyone says that about their stock...
-------------------- I'm back! Posts: 5445 | From: West Chester, PA | Registered: Jan 2006
| IP: Logged |
quote:Originally posted by PCola77: Wes, do you know how often penny stock companies "hint of an uplisting"? And do you know what it actually takes to uplist? You do know that they would basically have to do a r/s to have any chance, right? And how many penny stocks have you EVER seen that actually hold their price or go up after a r/s?
And before you say that "this one is the exception", keep in mind that everyone says that about their stock...
A r/s is not necessary. All of what i post is my opinion only, you are entitled to your opinion. i have done enough DD here to feel very comfortable with my investment in this company. IMO it will be held down until the 10k. Then, the 1Q report will come out around the first of May. Uplisting or not, this stock will have stellar growth 08 and the pps will reflect that imo.
-------------------- All posts are my opinion only!! Do your own DD!! Posts: 137 | Registered: Jan 2007
| IP: Logged |
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 6648 | From: Virginia | Registered: May 2006
| IP: Logged |
posted
Big news out tonight. form 4s filed by the Chairman, CEO, and CFO!! Granted themselves options to purchase 1 mill shares each at $1.50/share. very very bullish!!
Posts: 137 | Registered: Jan 2007
| IP: Logged |
quote:Originally posted by PCola77: Why is that very very bullish?
Up pretty big the last 2 days. I guess you were sitting on the side lines watching this POS stock, right?
Posts: 137 | Registered: Jan 2007
| IP: Logged |
posted
Right, but it didn't cost them anything. Couldn't someone like Rufus grant himself the option to buy CSHD at $10 per share? Looks good, but how does it really affect anything? That's what I was wondering.
Although I appreciate your actual answering of my question, as opposed to some others...
quote:Originally posted by renrob05:
quote:Originally posted by PCola77: Why is that very very bullish?
Because they don't make a penny unless the pps is above 1.50 when they exercise it. So, the higher the pps is over 1.50 the more money they make.
There are 3 of them. The CEO, CFO and VP that have this option.
-------------------- I'm back! Posts: 5445 | From: West Chester, PA | Registered: Jan 2006
| IP: Logged |
quote:Originally posted by PCola77: Right, but it didn't cost them anything. Couldn't someone like Rufus grant himself the option to buy CSHD at $10 per share? Looks good, but how does it really affect anything? That's what I was wondering.
Although I appreciate your actual answering of my question, as opposed to some others...
quote:Originally posted by renrob05:
quote:Originally posted by PCola77: Why is that very very bullish?
Because they don't make a penny unless the pps is above 1.50 when they exercise it. So, the higher the pps is over 1.50 the more money they make.
There are 3 of them. The CEO, CFO and VP that have this option.
posted
yes I'm serious. What cost or obligation is theer to offer options at more than double the current price?
quote:Originally posted by renrob05:
quote:Originally posted by PCola77: Right, but it didn't cost them anything. Couldn't someone like Rufus grant himself the option to buy CSHD at $10 per share? Looks good, but how does it really affect anything? That's what I was wondering.
Although I appreciate your actual answering of my question, as opposed to some others...
quote:Originally posted by renrob05:
quote:Originally posted by PCola77: Why is that very very bullish?
Because they don't make a penny unless the pps is above 1.50 when they exercise it. So, the higher the pps is over 1.50 the more money they make.
There are 3 of them. The CEO, CFO and VP that have this option.
Are you freaking serious?
-------------------- I'm back! Posts: 5445 | From: West Chester, PA | Registered: Jan 2006
| IP: Logged |
Deep Down Announces Conversion of Series D Preferred Stock HOUSTON, March 24 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) announced today that it has converted all 5,000 shares of Series D Convertible Preferred Stock outstanding and held by Ronald E. Smith, President and CEO and Mary L. Budrunas, VP, into 25,866,529 shares of common stock of Deep Down. The Series D Convertible Preferred Stock was convertible at $0.1933 per share. The Holders of Series D Convertible Preferred Stock also had the option, beginning April 29, 2008, to force the Company to use up to 15.625% of the prior year's audited net income to redeem shares of Series D Preferred Stock held by them at $1,000 per share.
'Ron Smith and Mary Budrunas are once again signaling their confidence in the future operations of Deep Down by giving up their preference rights embedded in the preferred securities. We enthusiastically welcome this conversion, which continues the Company's efforts to simplify and strengthen its balance sheet. This conversion eliminates the potential redemption obligation and increases the equity on our balance sheet,' said Robert E. Chamberlain, Jr., Chairman and Chief Acquisition Officer.
About Deep Down, Inc.
Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project.
The Company's ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems.
The Company's Mako subsidiary serves the growing offshore petroleum and marine industries with technical support services, and products vital to offshore petroleum production, through rentals of its remotely operated vehicles (ROV), topside and subsea equipment, and diving support systems used in diving operations, maintenance and repair operations, offshore construction, and environmental/marine surveys.
The Company's strategy is to consolidate service providers to the offshore industry, as well as designers and manufacturers of subsea, surface, and offshore rig equipment used by major, independent, and foreign national oil and gas companies in deep-water exploration and production of oil and gas throughout the world. Deep Down's customers include BP Petroleum, Royal Dutch Shell, Exxon Mobil Corporation, Devon Energy Corporation, Chevron Corporation, Anadarko Petroleum Corporation, Marathon Oil Corporation, Kerr-McGee Corporation, Nexen Inc., BHP, Amerada Hess, Helix, Oceaneering International, Inc., Subsea 7, Inc., Transocean Offshore, Diamond Offshore, Marinette Marine Corporation, Acergy, Veolia Environmental Services, Noble Energy Inc., Aker Kvaerner, Cameron, Oil States, Dril-Quip, Inc., Nexans, Cabett, JDR, and Duco, among others. For further company information, please visit http://www.deepdowninc.com and http://www.electrowaveusa.com
Company information distributed through the Market Access Program is based upon information that Standard & Poor's considers to be reliable, but neither Standard & Poor's nor its affiliates warrant its completeness or accuracy, and it should not be relied upon as such. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered 'forward-looking statements,' generally preceded by words such as 'plans,' 'expects,' 'believes,' 'anticipates,' or 'intends.' We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Deep Down urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
posted
I know it's going to seem like I'm singling out this stock, but I'm really jut reacting to what I read. My question is this: if they had the option to get $50million($1000 x 5000 shares) and instead took like $17 million worth of stock, doesn't something seem wrong with that? If they really wanted 25mil shares, why not take the 50 mil dollars and take the chance that they could get 25million shares for an average of under $2 per share on the open market? Something just seems wrong here.
-------------------- I'm back! Posts: 5445 | From: West Chester, PA | Registered: Jan 2006
| IP: Logged |
Deep Down Announces 120% Increase in Revenue HOUSTON, April 1, 2008 /PRNewswire-FirstCall/ -- Deep Down, Inc., a Nevada corporation (OTC Bulletin Board: DPDW), today announced it has filed its Form 10-KSB for the period ending December 31, 2007, with the Securities and Exchange Commission. Under purchase accounting rules, the financial results of operations for 2006 include the operations of Deep Down only for the period beginning November 21, 2006 and ending December 31, 2006, the period after which its Deep Down (Delaware) subsidiary was acquired. During this period in 2006, Deep Down reported revenues of $978,047. In order to present a more complete view of full-year operations for Deep Down during 2006 and to present more meaningful comparable results, management also presented unaudited pro forma consolidated results of operations for 2006 as if the acquisition of Deep Down had occurred on January 1, 2006. The discussion below compares audited financial information for the fiscal year ended December 31, 2007 with unaudited pro forma financial information for the year ended December 31, 2006.
Revenue for the year ended December 31, 2007, was $19,389,730, an increase of $10,568,581 or 119.8%, compared to revenue of $8,821,149 for the comparable period in 2006. Gross profit for 2007 was $6,369,361, an increase of $2,703,611 or 73.8%, compared to gross profit of $3,665,750 for 2006. Gross profit dropped from 41.6% to 32.8%, primarily as the result of increased expenses associated with the development of new products during the year. Management expects margins to improve with wider acceptance of these recent product introductions. Operating income for 2007 was $1,657,844 for 2007, an increase of $3,868,886 compared to a loss of $2,211,042 for the comparable period in 2006. Net income for 2007 was $952,509, an increase of $3,764,136 compared to a loss of $2,811,627 for the comparable period in 2006.
Deep Down uses EBITDA as an unaudited supplemental financial measure to assess the financial performance of its assets without regard to financing methods, capital structure, taxes or historical cost basis. The Company defines EBITDA as net income plus interest expense, income taxes, depreciation, amortization and other non-cash, non-operating expense. The term EBITDA is not defined under generally accepted accounting princ
UBBFriend: Email this page to someone!
![[Roll Eyes]](rolleyes.gif)
![[Smile]](smile.gif)
![[Wall Bang]](graemlins/wallbang.gif)
![[Eek!]](eek.gif)