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uptick on the bid!!!
Excellent site. Love it.
-faz
Nice to see a little volume at the ask!
-faz
Must be tough having mom on the board. I wonder if anyone has told her that her son is screwing over a bunch of investors who are "real" people. My guess is that she doesn't even know she is on the board.
If I communicated with people the way Berman has, my mom would wash my mouth out with soap! LOL!!
-faz
How does anyone keep 2 504's straight? He must only get 1 round of golf in a day instead of two.
Was just on the website today. I am sorry and no offense to aware as far as the design goes, but that might be the least informative site on the planet. I think Aware has done a great job in the presentation and I thin that Berman has done the absolute worst job in supplying content. You would think that if Berman were truly serious, that there would be much more info put there. For starters, why doesn't he have anything "About Russell Industries"? This should be a piece of cake. Why not put up a bio about the CEO. Why not put up who constitutes the board of directors? There is so much more that he can do, but I think it is obvious where his priorities lie.
However, my favorite page:
Gotta love the line: "These claims are .... etc etc"
Also, the projects seem to be in Latin, but I can't make out some of the words.
I am sure that Aware has better things to do and is only going off the info Berman is giving him, however, any new investors that are doing their DD will come across this and turn around directly. I would ask Aware to take this down, but I think it is actually doing more good than harm in that it is keeping new money from getting fleeced.
Again, no offense Aware, I am happy that you actually got some compensation from this company. Me, I have sold for a loss on some of my shares and have written the rest off since I can't sell them with no bid. I look forward to the day that we can actually climb out of the sewer that we find ourselves in.
Happy holidays to everyone!
-faz
Not a whole lot of news coming out of the Berman camp these days.
November 06 2007, Russell Industries No Reverse Split for 2007
Tuesday, November 06 2007 6:59 AM, EST Business Wire
HOUSTON --(BUSINESS WIRE)--
Russell Industries, Inc. (Pink Sheets:RSDS), announces that its Board of Directors has decided that it will not ask its shareholders to vote for a reverse split in 2007. "The Board and Management feel that the present price per share of RSDS is not reflective of the Company's assets and potential. If there is little to no improvement during the remainder of the year, the Company will recommend that this action be put to a vote sometime during the first quarter of 2008," said Rick Berman, President and CEO.
Isn't Rick Berman the management and only board member? Funny how hos statements make you think there are other that are making decisions. I would be curious to see how many shares the CEO has and how we are going to go about voting. Will we be able to vote by proxy? Will we be getting something through the mail? My guess is that he will eliminate the shareholders from the process like he has done time and time again. Sounds like Berman will be making the decision all by his lonesome.
Any thoughts on what the R/S will be? I think it will all depend on the O/S at the time and since we have a gagged TA, I am not sure of what the O/S is right now.
In the ned, my bet is on a 1/1000 or 1/2000. This would put the A/S at 50 or 100 million and give him plenty of room to raise the A/S to 1 Billion and start looting investors again. At a PPS of .10 to .20, he could really move that down to say .01-.05 a share before he implements his next 504....errrr...generation of liquidity scheme!
-faz
Awwwwfully quiet here today. Wish I had some more powder to throw into this, but I am all tapped out.
-faz
It is interesting how there are 4 MM's on the bid per AlphaTrade. Even if we did start seeing some volume, I don't think there is any hope of getting through those without some off the charts, glowing PR.
I would be curious to see what developments come in 2008. I really think that the CEO will begin to get frustrated if the PPS doesn't see any movement. At this rate, all the 504's in the world won't matter since there is no bid. The only way around this is to do a steep R/S and then begin satisfying the 504's.
Question to you makes:
If we do a R/S, how does that affect the 504 that is currently ongoing? Can he just continue selling until he hits his 1 mil?
-faz
I think it would be very interesting to see what happens to the majority of pinks if they did start giving oversight and putting an end to those 3 avenues for lining CEO's pockets. I think we would see a lot of pinks go under...JMO.
-faz
Nah, my guess is some selling for tax purposes. I actually thought about unloading some of mine to do that very same thing, but I lightened up some of my other positions. I am accumulating at these prices. I think that we should see a pop in 2008 when we start getting word about drilling. Still happy with my average of .27 and will continue to hold until the .40's.
GLTY,
-faz
Thanks brikk!! Looks like we should see some real upside in PPS in 2008.
-faz
.0135's starting to see some nibbles...maybe people just slept in this morning.
-faz
Congratz for all of those who had the courage to add to their positions yesterday. DPDW rallied hard today and I wish everyone continued success!!!
-faz
that is some wall of 1.02's. 7 MM's on it.
Think there is news on the way?
-faz
Here we go!!!
-faz
$1.00 on deck!!
.98's on deck!
Not a whole lot between .97 and a buck! A PR would just about bring the heat!
-faz
Looking forward to the news from the new CEO!!
-faz
Welcome aboard! I think you got it at a fantastic price!
-faz
Good move. I am sure you nearly had a heart attack at the end of the day yesterday, but a bit of normalcy has been returned to the PPS.
Good luck to you! Have a great Christmas!!
-faz
Will be a nice Christmas for you! That is a great entry point!
-faz
.93's up!
.85's getting crushed. 3 10 k trades and a total of 43,500 shares in 3 minutes. .87's are up!
-faz
Awesome pic! Pretty much sums up my day and I bought in at .90.
-faz
2 10k blocks through on the ask of .84!
3x.84 2x.85
10k through on the ask!
2 x .81 1x.82 and thin to .90
-faz
Morning all...should be an interesting open! L2 is definitely pointing to a gap in the morning.
-faz
Sage,
Great presentation. It is incredible the rate of growth that was anticipated in 2006 when oil prices were considerably lower ~$60 or so a barrel. Now that the price of oil has increased, I can only imagine that demand for new rigs and a huge push to go deep water will occur. Just look at the discovery that Petrobras had a little while back.
http://www.nytimes.com/2007/11/19/world/americas/19braziloil.html?_r=1&ref=business&oref=slogin
Deep water is the new frontier and could hold a vast potential for oil field service providers.
-faz
No worries. I figure that doing a little research and assembling my thoughts would help relieve the tension I felt from the action today.
I really think that the Mako deal will be a big boost for us in 2008 when we start to see the impact on earnings.
-faz
Every correspondence I have had with Berman he has been a complete and utter jerk. He thinks that he is so much smarter than us and even tried to sooth my frustration by telling me that i should just sit tight and relax, things will get better. Hah!
-faz
Berman gets a nice dividend...say around 350k!
-faz
Unbelievable. Here I thought you needed to have a bid for someone to buy these. Guess he has found a way around that!
-faz
Just a few thoughts on Deep Down, Mako and the future here.
I pulled this statement from one of the big boys in the same industry that DDI is in.
http://www.acergy-group.com/public/home
The Market
"The demand for subsea engineering and construction services is expected to remain strong for the
foreseeable future. Today’s $670 million award of Block 15 work in Angola to Acergy signals the
start of the long awaited contract awards for the large deepwater projects in West Africa, which we
expect to see continuing in 2008. Demand in Brazil remains good, with significant developments
improving the potential of this market. The deepwater markets in Asia and the Gulf of Mexico are
expected to continue to grow in 2008 and beyond. While the SURF market in the North Sea remains
stable, with further growth expected in 2009, there is currently no major trunkline work planned for
2008."
Outlook at the SURF (Subsea, Umbilicals, Risers & Flowlines) market for Acergy:
This is a snapshot of the market from a post guidance presentation from Acergy. The link to the presentation is below. This report shows the current market and what is anticpated into 2012. What you can glean from this is that this is a growing market which holds a lot of potential for Deep Down.
Why ACERGY? Well, they are one of the larger companies in the same industry that DPDW is in. http://finance.yahoo.com/q/co?s=DPDW.OB
This is a company that I think is very similar to what DPDW could be a few years from now. If you look at a 5 year chart for the company, they have a steady climb in PPS. Would be nice to see that from DPDW.
http://finance.yahoo.com/q/bc?s=ACGY&t=5y
Good post of an article on technology: http://investorshub.advfn.com/boards/read_msg.asp?message_id=25402937 (credit to Investor100)
From the PR Today, these are the elements that I feel are important.
http://biz.yahoo.com/prnews/071218/latu103.html?.v=101
"We are very pleased to have signed the acquisition agreement with Mako, and believe this non-dilutive transaction is extremely beneficial for Deep Down and our shareholders as we continue to add products and services to our portfolio of capabilities," commented Ron E. Smith, Deep Down's President and CEO.
"An expansion of the ROV fleet can yield benefits beyond increased rental income, including increased service revenue from two and three man ROV operating crews and the opportunity to sell additional launch and retrieval systems ("LARS").
"With Deep Down's relationships and access to capital, we foresee the ability to expand our ROV fleet and take advantage of our customers' growing need for both planned and "emergency" offshore rental equipment in support of their growing level of oil and gas exploration occurring in the Gulf of Mexico.
- This is key to the hurricane season next year. Posted by JoeSmith http://investorshub.advfn.com/boards/read_msg.asp?message_id=25409796
And what I feel is the most important
"We also plan to expand our operations internationally," commented Jacob Marcell, Mako Technologies' chief executive officer.
This is crucial as the bulk majority of the growth in the O&G industry will be overseas and not in the Gulf of Mexico. Just look at how Schlumberger (76% of operations overseas) trades relative to Haliburton (40% of operations overseas). Most of the majors in the oil field services industries realize that the international market is the future and where the growth will occcur. This statement by the CEO of Mako is very exciting and shows the company is moving in the right direction. This will also make DDI a more attractive target for the likes of SLB, HAL or even BHI.
Good Post on Synergy thanks to Sage: http://investorshub.advfn.com/boards/read_msg.asp?message_id=25410241
Update from the company: http://investorshub.advfn.com/boards/read_msg.asp?message_id=25403986 (credit to BrekoutInvestments)
Awesome look into DPDW: http://investorshub.advfn.com/boards/read_msg.asp?message_id=25405098 (Credit to Tradeswapper)
I am very much looking forward to what Deep Down will do in 2008 and beyond. I am a long term investor in this company after flipping the shares I bought at .80 during the last run. I am currently in at and average of 1.012 and will be looking to add if it dips but will not be selling this at a loss as I believe in two years I will be very much rewarded.
Good luck to all!
-faz
Sneak Preview: The Must-Own Sector
By Jim Cramer
RealMoney.com Columnist
12/18/2007 2:51 PM EST
Oil and Oil Service
We are running out of oil, yet it will still be our fuel of choice for at least the next twenty-five years. We aren't producing enough renewable energy to satisfy demand. We are trying to expand nuclear energy, but the power plants are expensive and, in this country, still considered too dangerous and difficult to build. (As someone who for a spell lived next door to a power plant in Sacramento, I find this outlook odd, but then again, who else would willingly live next to one of those scary cooling towers!) Coal is just not attractive anymore, and the technology to make coal clean is costly. That keeps sending us back to black gold, and it is something that a whole host of companies benefits from.
When we speak of oil we think of the majors, the Exxons (XOM) and Chevrons (CVX) and Conocos (COP). These are giant companies that produce stable cash flows and dividends; they are and will remain great investments for years and years.
But, as in any mini- bull market, there are tons of other stock subsectors that will do great because they are involved in energy. We don't have enough refiners, which means that Valero (VLO) and Marathon (MRO) (which also has substantial oil properties) are going to be buys whenever they come down in price.
We have plenty of natural gas in this country, which will increasingly have to be relied on as we run down our crude resources. Natural gas has been cheap in this country because we haven't been able to store as much as we would like. Still, I believe that companies like XTO (XTO), Devon (DVN), Apache (APA), and Anadarko (APC) are all fantastic long- term buys.
For years, we starved the drilling and oil services businesses because oil was priced too low by OPEC to make alternative fuels profitable enough to develop. (OPEC's own inability to produce enough oil was responsible for much of the recent surge in oil prices, which I think will last for years.)
Now there are only a handful of companies with the expertise to drill and harvest the oil that is found. National Oilwell Varco (NOV) is the only major company left that can build drilling rigs. Schlumberger (SLB) is the only company with worldwide ability to find and drill oil. Halliburton (HAL), its smaller rival, has similar skills, but linked more to natural-gas drilling.
The remaining big prospects for oil and gas are all in deep water in remote areas, and only Transocean (RIG) has the rigs -- and the might -- to hit pay dirt in those areas. Core Lab (CLB) and FMC Technologies (FMC) have the brainpower, the intellectual capacity, to get the most out of wells thought to be spent.
All of these service companies work for publicly traded oil giants and nations that are eager to exploit their resources. If I could invest in only one sector, if you put a gun to my head and said, "Promise me you will not diversify," I might just let you pull the trigger, that's how important diversification is to me. But in the end, I would relent and say, "If I have only one sector to give to my portfolio, let it be oil and oil service."
http://www.thestreet.com/_yahoo/newsanalysis/investing/10394940.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
-faz
Level 2's:
-faz