posted
well im back on..lol are we in the middle of a final shake before the end of the day?
Posts: 330 | From: oregon | Registered: Dec 2004
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posted
not often do you see an otcbb stock drop a name like Schlumberger in a PR. as one of their clients.
Posts: 330 | From: oregon | Registered: Dec 2004
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posted
Another fine day today. I don't know if anyone was watching L2 today, but it was amazing how many large blocks were going off. NITE was trying so hard to put the clamps on at .90, but she finally broke it and finished at the HOD at .93 Major accumulation has been going on here for the past month and continues each day. This is one of the strongest stocks on the OTC, and it won't be on the bulletin boards much longer IMHO. Watch for the dollar break next week!
Peace
-------------------- dab Posts: 545 | From: North Hollywood | Registered: May 2006
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posted
I agree kywee...I was looking for that gap to completely fill...seems it should have went to at least .94...I had a buy at .95 and didn't get it... Looking forward to the coming days on this one..
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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Deep Down Announces Over $30 Million in Flotation Orders Wednesday October 3, 3:55 pm ET
HOUSTON, Oct. 3 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW - News) announced today that it has secured over $22 million in drilling riser flotation contracts for Matrix Asia Pacific Pty Ltd of Perth, Australia, and expects to close over $8 million in additional contracts within the next couple of weeks. ADVERTISEMENT
Deep Down has an exclusive agreement with Matrix to introduce their complete product line to the U.S. Market. These contracts establish Matrix as one of the world's premier suppliers of syntactic foam drilling riser flotation modules. These modules are used to provide buoyancy and reduce the weight of the riser string, thus allowing drilling in deeper depths with less tension.
Matrix is providing their proprietary syntactic foam formulation coupled with a practical, damage resistant module design. Deep Down is working closely with Matrix to optimize the mix of products and services that can be jointly offered to the marketplace. Deep Down is currently acting as an agent and expects to earn over $600,000 in commissions, after expenses, on these orders.
"Although Deep Down will not record the revenue on its financial statements, it is important to note that the $600,000 in commissions is essentially unencumbered by expense and falls to the bottom line as pretax profit. We expect these fees to be collected in various installments over the next 18 months," commented Eugene L. Butler, Deep Down's chief financial officer.
In addition to drilling riser flotation, Matrix offers buoyancy for ROVs, subsea deployment, distributed buoyancy modules and other subsea applications. Matrix also offers a complete range of molded polyurethane products including, bend restrictors, bend stiffeners, VIV suppression strakes, clamping systems, and cable and flowline protection.
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 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
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
What allowed me to pull the trigger was the talk over at ihub and I have just been selling at the ask all the way up, which takes away so much stress...
Posts: 2329 | From: MD | Registered: Jul 2005
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posted
Got in this at .52 a few months back and i'm not letting go! This is an amazing stock, a true gem. It has the fundamentals of a big board stock. The PR released today was HUGE. IMO We could possibly see an uplisting in the not too distant future and the current prices are going to be a bargain
Posts: 137 | Registered: Jan 2007
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posted
I have more faith in this stock than some of my big board plays. This has a very very low float, so when it moves....it really moves. Not to mention this company will only continue to grow at a very fast pace. With news like today's, IMO a $3 or $4 PPS is not out of the question by EOY. It may also receive an upgrade very very soon. These are jmho's and just a couple of the reasons i am staying long and strong in DPDW!
-------------------- All posts are my opinion only!! Do your own DD!! Posts: 137 | Registered: Jan 2007
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posted
Hot Damn...gapping up 1.34...Fantastic! Still wish i would have been able to get more under a buck...but I refused to pay that extra penny! (Idiot!)...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
Released some more at 1.32. I'm thinking next release will be low 1.50's. We'll see
Posts: 2329 | From: MD | Registered: Jul 2005
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Deep Down Reduces Indebtedness by $1,810,000 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, when the closing price was $1.03 per share. The Preferred Stock had a face value and liquidation preference of $1,000 per share, no dividend preference, and was exchangeable at the holder's option after June 30, 2007, into 6% subordinated notes due three years from the date of exchange.
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. Please reference a news release dated August 14, 2007.
'With this Preferred Stock transaction, we have reduced indebtedness by another $1,810,000, thereby continuing our efforts to strengthen Deep Down's balance sheet and improve the overall liquidity and financial strength of the Company,' commented Robert E. Chamberlain, Jr., Deep Down's chairman. 'We will continue to pursue those efforts whenever management considers it prudent to do so.'
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 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.
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.
SOURCE Deep Down, Inc.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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Deep Down Announces $3,000,000 Private Placement HOUSTON, Oct. 5 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) today announced it has reached an agreement with Ironman Energy Capital, L.P. to close a private placement of 3,125,000 shares of common stock of the company at $0.96 per share, or $3,000,000 in the aggregate, in an agreement reached on October 2, 2007, when the closing price was $1.03 per share. The Company expects closing to take place on or before Friday, October 12, 2007.
'Proceeds of this private placement will be used for working capital and general corporate purposes, which may include, but not be limited to capital expenditures, acquisitions, and other strategic uses,' commented Eugene L. Butler., Deep Down's chief financial officer. 'This transaction reinforces our continuing effort to strengthen our financial position as we prepare ourselves for further growth in accordance with our business plan.'
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 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.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
Gotta admit...this is not an easy stock to "flip"...the dips just aren't "good"...but it seems...at least at the moment...a "safe" hold...gaining 5-15% each day...kinda nice
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
Great buy jerzy...seems someone else said they got in at .20 and I thought I had done well in the .60's...! Only wish I would've put more in...but I am flipping when i can to get more shares...AND I have already covered my initial...so for now...things here are great!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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This stock is on a rampage, theres realistically NO resistance at all.
Read on IHub a guy emailed them and they said the Mako Tech deal should be finalized soon which is even better for the company
I personally would'nt be surprised seeing $2.50 by EOY. No, its not me talking out of my ass either. DPDW has a HUGE client list, their next earnings will be a blowout. Those proteus units sell for $500,000 to $1,000,000 EACH and they've already sold two of those. Company is constantly reducing debt.
HOUSTON, Oct. 3 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW - News) announced today that it has secured over $22 million in drilling riser flotation contracts for Matrix Asia Pacific Pty Ltd of Perth, Australia, and expects to close over $8 million in additional contracts within the next couple of weeks
Stock currently at $1.70, RIDICULOUSLY undervalued for a company bringing in massive profits.
FRPT started the same way, otcbb stock and is now trading in the $20 range
-------------------- DPDW Posts: 114 | From: fruit city | Registered: Aug 2007
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