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You'll get the push in DPDW you wish for soon enough.
Now that the worst seems to be over it can very interesting again for the stock side. I'm not concerned about the company moving forward and I know some have been stressed by the slide in the share price, but there is a big difference between holding something volatile and something truly unknown. DPDW has known attributes you're holding or adding for and as further developments get delivered your conviction should be vindicated.
I have not posted again or blogged about the trip yet because I have other other primarily business obligations that take precedence over the free market investment I placed in DPDW. In other words, I have to tend to other matters while I leave my stocks to do what they are going to do. I put in 12-16 hour days and none of that has included time to develop a blog with reportage.
I am working on affirming the next opportunities. DPDW I've largely affirmed, thus doing a write-up takes a backseat when I'm this busy. When I get a day to write I'll put up some commentary even if it means just getting it on to the board in order to keep my promise.
Take care
It wouldn't just be the added gross revenues, but adding good margins too. According to my personal calculations, SMD can very quickly add 50 cents plus in annualized earnings to TBLC's bottom line. Sometime after it closed, the stock should make a move to the $8-12 range.
TBLC wouldn't be the company it already is if it had not acquired Kettle Drilling in the first place. It would have remained strictly a speculation on a portfolio of properties and without the growing income and asset base it has as a foundation already. Look at the big picture carefully. There are stupid diluters and there are intelligent business strategies. You always want acquisitions to be driven by the vigor of the principals of the companies being acquired as they will be coming on board to fuel the further integration of synergies and resulting growth.
Note that Guill's company works for some of the same major mining operations TBLC is also working for. It becomes clear that Timberline is positioning themselves to receive even more of the billions spent annually on mining services as they become recognized as the leader in specialized drilling services.
I have held TBLC for all this time expecting them to morph into a major mining services and resource conglomerate. This is just the beginning. Buy this before it gets too pricey and hold it for the upcoming years ahead and you'll have an anchor in your portfolio.
And remember DPDW has worked for all of these companies. They are going to be in the mix as a supplier of flying leads, winches and other rigging solutions for every one of these new deepwater discoveries, particularly ones right here in the Gulf of Mexico. But Deep Down works internationally now and is active globally just in case people don't realize that. There are DPDW employees working abroad on client projects now.
Further, as soon as Mako closes tack on the rentals to these projects which will grow heavily.
One piece of advice
At this juncture, either hold or buy.
DPDW WILL NOT COLLAPSE
Do not let the market condition here play mind games with you. I agree the drop has been disheartening. I agree the silence from the company has been discouraging. I expect that to correct itself for the better. I have weighed in on that topic myself strongly as well.
I am certain the company will produce good results very soon.
Stay calm. If you have any funds, add here.
Amen. Thank you
OK, you have your way of investing and I'm not going to get on your case for that since I consider that your prerogative. I think you are an idealist and not a basher, but your first posts were contentious for the wrong reasons which I've spelled out. And that's it. We covered the topic.
The idealistic streak may be a small asset for you if you want to be a shareholder activist and storm the boardrooms of companies to lobby them on their actions, but it has little value in the world of realistic business practices.
I was referred to the company and interviewed Mr. Swallow extensively in 2006 after Kettle was acquired. I considered their background, plan and objectives and new Kettle asset a sound play under a buck and loaded up and have never sold a share. As time has gone on the potential has increased rapidly and convinced me this will continue to produce wealth for years hence no profit taking yet on my part.
You earlier stated it was the company who claimed what you said, but it appears it was a promotional presentation from another party. That appears to have been another thing you twisted regarding its source. If they removed something we'll just have to take your word it was there when you say it was, but there is nothing to verify it by so we can't even find out if what you said was even true. I would not be surprised if they took it down after reading your misguided griping.
You just fully affirmed my assessment of your outlook. You're stuck in some kind of investor's dreamworld. You don't understand how businesses operate as public companies, only what you want them to do.
And I will say this directly. You claim to be a long in a stock yet you register to post for the first time in order to slam the company. I believe in constructive criticism, but your angry bias doesn't sound to me like an invested person, but somebody who went out of their way to discount what I said in support of the company.
Yes, you registered to reply to me and slam the company. That is one heck of a way to introduce yourself as a supposed investor in the stock.
I think you're intelligent enough to string the words together, but your supposed upset over what was a very clean financing sounds to me like you're looking for a chink in the armor of a company that has done almost everything right.
But I also think you're either an unseasoned investor who thinks they know whereof they speak, but don't, hence the substitution of bias and personal preferences in place of how business is really done (idealism is not an excuse) OR you're just slamming the stock with an agenda and picked a lousy topic to focus on.
Either way, you're being incredibly uncharitable towards a company that has done very well. I find your comments either petty or vicious, but I'm not sure yet which.
Updated Reply: Don't know what the interactive version you refer to is. I looked again and see nothing that fits that description.
I know what rights offerings are and they are very much in the minority in our markets and are more common abroad. They are done in the U.S. and sometimes by larger companies with larger market caps. But they are also a can of worms and adds additional burdens to small companies to manage and allocate when they are already burdened by Sarbanes-Oxley demands on their time.
I see absolutely no reason for them to have done a rights offering when there were parties willing to step up to the plate.
The fact is most successful OTCBB companies that uplist have built themselves up with private placements which are non-toxic such as TBLC has done. To show irritation the company did not buck that trend is more an expression of your personal desires evidently than a valid criticism of the company deviating from conventionally successful financing practices.
Again, venting about only having accredited investors participate falls on deaf ears in my corner. I damn well expect them to favor the major holders as you say because those are the guys who gave them money when nobody else gave a crap and they have stuck by them. It is called loyalty and the reward is being at the front of the line. The expectation or criticism about cutting out the small guy is irrelevant to their success or integrity.
And your comment that "when companies go to the equity markets to raise money that always means that they believe that they think that their stock is overpriced."
WHAT?
You might be able to make a wild statement like that to a rookie and they wouldn't know what to think, but that is truly a bizarre statement.
Yeah, I get your point. Basically you're saying the company wants to take the money from the market because even they believe the PPS is unrealistically high so why not take advantage of it now while they have the chance? Good lord. And still the stock is considerably higher from the offering price so I guess by your logic the management must think the market is muy stupido more than ever for overvaluing their stock even further.
That is what happens when you follow illogical thoughts to their conclusion. It makes the statement look silly.
You obviously have a bone to pick about dilution so now all dilution is inferior to bank debt. Fine. Suit yourself. Not worth arguing over, but it is clear you attempting to make authoritative pronouncements when you are merely expressing your bias.
And I said the price being over 50% above the offering price negates your puported 10% dilutionary harm to shareholders. I did not make any claim as to its superior pricing other than point out they received what the market would bear soon after August which spooked many people. They got it when many others can't and still you bitch about it. And it was not a 60% discount based on the prevailing trading price. Another misleading statement. You're full of them.
Oh, and the reason Praetorian bought shares at $1 was not some kind of sweetheart deal in case you're going to twist that too. They were simply exercising their warrants from the first financing done in 2006 when the company was financed when it was trading around a dollar.
Have you ever done a private placement yourself?
I don't think so. You're full of theoretical statements that bear little evidence of how the markets really work. The markets and the OTCBB in particular do not please theorists. It is a rough market and companies use it to the best of their ability to get financing and grow their companies and what blows my mind is hearing your nonsense about a company that has done it better than 99% of the other OTCBB companies out there, met their growth objectives, has an incredible return for past shareholders already and still has a beautiful share structure. Quit whining
Don't know what the interactive version you refer to is. I looked again and see nothing that fits that description.
I know what rights offerings are and they are very much in the minority in our markets and are more common abroad. They are done in the U.S. and sometimes by larger companies with larger market caps. But they are also a can of worms and adds additional burdens to small companies to manage and allocate when they are already burdened by Sarbanes-Oxley demands on their time.
I see absolutely no reason for them to have done a rights offering when there were parties willing to step up to the plate.
The fact is most successful OTCBB companies that uplist have built themselves up with private placements which are non-toxic such as TBLC has done. To show irritation the company did not buck that trend is more an expression of your personal desires evidently than a valid criticism of the company deviating from conventionally successful financing practices.
Again, venting about only having accredited investors participate falls on deaf ears in my corner. I damn well expect them to favor the major holders as you say because those are the guys who gave them money when nobody else gave a crap and they have stuck by them. It is called loyalty and the reward is being at the front of the line. The expectation or criticism about cutting out the small guy is irrelevant to their success or integrity.
And your comment that "when companies go to the equity markets to raise money that always means that they believe that they think that their stock is overpriced."
WHAT?
You might be able to make a wild statement like that to a rookie and they wouldn't know what to think, but that is truly a bizarre statement.
You obviously have a bone to pick about dilution so now all dilution is inferior to bank debt. Fine. Suit yourself. Not worth arguing over, but it is clear you attempting to make authoritative pronouncements when you are merely expressing your bias.
And I said the price being over 50% above the offering price negates your puported 10% dilutionary harm to shareholders. I did not make any claim as to its superior pricing other than point out they received what the market would bear soon after August which spooked many people. They got it when many others can't and still you bitch about it. And it was not a 60% discount based on the prevailing trading price. Another misleading statement. You're full of them.
Oh, and the reason Praetorian bought shares at $1 was not some kind of sweetheart deal in case you're going to twist that too. They were simply exercising their warrants from the first financing done in 2006 when the company was financed when it was trading around a dollar.
Have you ever done a private placement yourself?
I don't think so. You're full of theoretical statements that bear little evidence of how the markets really work. The markets and the OTCBB in particular do not please theorists. It is a rough market and companies use it to the best of their ability to get financing and grow their companies and what blows my mind is hearing your nonsense about a company that has done it better than 99% of the other OTCBB companies out there, met their growth objectives, has an incredible return for past shareholders already and still has a beautiful share structure. Quit whining
One thought going into next week. I've said briefly I think Mako is a very big deal for the company. Basically, I think the drop in the stock has priced Mako out of the stock and now there is going to be significant benefits to the share price when the acquisition is complete.
Basically, I think asides from the the simply impatient who sell there have been some who started to question whether Mako would close. My point of view is it would be a serious error in judgment to sell or not hold this stock based on that assumption. My understanding is Mako is very much alive and well.
I would expect the deal to close quite soon. The basic thrust of all this is I believe the stock is getting a bit cheap and if there are Friday traders selling you may decide to use the opportunity they present you.
Have a good weekend
My one piece of advice on this one is NOT setting entry targets. It is just arbitrary at this point. It could just as easily be .90 cents or you buy it at your 1.20 and it does a reverse and plummets and your losses mount. Play it only technically now. If a floor of support comes in from other buyers and a confirmed reversal occurs and you want to play it, but you know this is not an investment so why gamble on it being a good trade until the market tells you it is one? Right now the market is telling you to hold off.
Careful dude. You may be trying to catch a falling knife and find your palms bleeding. Playing the bounce when the plane is on fire fails as often as it works.
Thanks Sand, but actually the PRIMARY purpose of the cameras has always been work related. They were not installed to give investors the warm fuzzies. That was an afterthought and it was a clever and sharp thing to do, but that may be in the past now and that aspect served its purpose. But the cams are there for work purposes first and foremost.
49 cent a share loss? They knew the Nasdaq PR was complete rubbish then, it is comfirmed. The Naz won't take these guys. No way. That means a reverse split won't be for uplisting, but it sure could give somebody more room in the share price to dump down into. I thought this smelled funny a ways back and it looks like I was smelling a rotting shark in a locker. Looks like the locker door was opened this week. As Jack Nicholson said in Mars Attacks!, "Yikes!"
Sure. The main thing everyone should take away from the months of pictures from the cams is I can confirm for you their work site is everything you saw and more. The pictures were the real deal. You can't contrive what they have going on there. I said it was a beehive of activity and it is. Very impressive gear, active environment, high morale, very hard working and more extensive than even the cameras alluded to. It was all that and then some.
Yes. The primary reason is the cameras have very important uses to them for them work-wise and they were getting ridden too hard by investors trying to watch the proceedings. Work came first. I'll cover that some more in my write up.
That is basically the premise of the company. I said that is possible if they execute it. That's all. It is nothing like a projection, merely an affirmation of the genetic makeup of the organization and their capabilities if they expand according to their vision. It is actually in some ways a still very underserved industry and Deep Down has been involved in all of the rigs in the Gulf with flying leads and maintains relationships with most of the major oil companies. When the company is seen as ready for prime time in terms of contract fulfillment the majors will likely direct a great deal more business DPDW's way. As always, big firms like to do business with established properly capitalized companies. DPDW is hitting thresholds now that can loosen those purse strings. The confidence levels in their products is evident by reorders by major companies and Ron Smith to this day is a hands on guy still getting out on the deep sea platforms whenever he can manage it. He is not a conceptual player, but an innovator in an industry that desperately needs them to get these projects off the ground and producing oil. The reality is CEO Ron is a proven entity and a go to guy on these projects. The actual journey the company had to make to take that pedigree and convert it into a greater flow of contracts has been made to a great degree and they have the infrastructure to fill client needs more easily than ever.
No, I'm still working on DPDW as an investor and have had to juggle that with other duties including other companies I may be presenting in the future should they pass muster. I said I would have to do some more followup next week. I won't convey every point and detail I have learned about DPDW, but I will be working on it over the weekend and next week and when I can I'll put out a commentary for public use. Until then I choose not to post much because I want to concentrate on a proper write up. I'm not in a huge hurry, but I want to get it done so it will happen. I will say DR did reiterate their target to us FYI and they remain bullish on the company. Wall Street will be hearing more about this company. It CAN grow to a billion dollars in revenues in five years if they execute on their business plan. Right now the market has turned its attention elsewhere, but this can move up any time very quickly. And Mako is alive and very much a BIG factor for this company. People don't realize how well the ElectroWave acquisition went for the company, but it was a great deal that will produce major long term benefits, synergies and opportunities for multiple income streams all by itself. Same goes for Mako, but probably on another magnitude. For now, I'll sign off by saying Ron Smith is a genius and the DPDW work site is like a giant erector set with Ron creating magic left and right. Stop obsessing on intraday ticks and get back to your DD folks. There are many things going on here. Talk to you in a week or so.
What is the exact quote in the investor presentation that says no dilution ever? I don't recall any such hard clad promise. They always planned on a second raise as part of the longer term business plan so I don't know what you are talking about.
AFTERWORD:
I just went through TBLC's current presentation online and there is NO SUCH CLAIM.
Further, I've followed this from the beginning and I can promise you no such claim was put into any earlier materials shown to me.
And complaining about dilution of 8-10% of an OS when a stock is up over 50% from the financing price is bizarre. If the purpose of growth is to build shareholder value and the stock goes up hundreds of percent from the financing price, then I'd say 10% is diddly. That is business (and investing), not total crap.
They pulled off the financing in spite of very shaky market conditions where credit and investment capital only goes to those companies or projects that have serious prospects of prospering in the face of generally tough broader economic conditions.
To suggest they should go to retail investors to raise the money is completely unrealistic. To even express resentment over not getting a piece of a private placement is not reasonable.
For one thing, the private placements themselves typically require a proven net worth of $1M from each individual investor. That eliminates most people right away.
What this means in relation to your expressed disappointment is if you're worth $1M yourself you could have called them up and tried to talk your way into a PP. Complaining about it after the fact just doesn't cut it. If you have a desire to buy restricted stock instead of free market shares you should make that clear to every company that interests you and make sure they put you on their list of go to guys when a financing arises. Complaining about it now is meaningless.
And if you're not worth $1M then too bad. They certainly didn't need to do it any way other than how they did it and they definitely did not need to broadcast their intentions nor should they.
They DID have serious interest from investors which would negate any need to publicize such financing needs anyway. And that means you keep a lid on it and get it done.
And that is how it is done when done well and it was.
When you have a successful fund that invested in your company below a dollar still supporting your company after a 5 bagger instead of dumping their stock I think that usually means you have a winner. That Praetorian is still very much on board is very significant.
I will take such players in a financing any time. Sorry, but I don't subscribe to your evident philosophy of including the little guys since they couldn't participate anyway and if they could it was up to them to make their interest known.
Finally, your anger over the price of the financing completely forgets that it was completed AFTER the very big August market drop and the stock was financed at the price the market would bear.
Maybe now that the stock closed at $4.50 you think a $2.75 is bad by comparison, but it is completely lacking in actual historical basis. That WAS THE PRICE TO BE HAD at that time.
And in business the timing of funds is a factor right up there with the cost of financing. And in the case of TBLC, the timing seems to have been a matter of continued progress which we pretty much know now to have been the case post-financing, i.e. the promised acquisition of additional rigs for Kettle's expansion plus activity on their many properties to prep them for future joint ventures.
It takes money to grow and they got it at a decent price when other companies can't get any money at all. And for the people who did participate in the PP it was a good move from today's price and unlike you I'm glad the people who financed our further growth are benefitting too.
TBLC remains my # 1 multi-year long-term stock. This is just a blip. Yes, float is small, hence moves up easy on light buying. But, of course it also means there are few sellers. This is not a well known stock. In these market conditions that has worked to its advantage because the existing shareholders obviously believe this company will perform well in one of the few bright sectors going forward and have probably held their TBLC shares tight while selling other stocks in their portfolios.
Timing wise, we are waiting on the AMEX uplist which will occur. And the company was suprisingly active with some aspect of forward moving development steps on almost every one of the properties in their large portfolio. That means there can be positive material developments on any of these fronts as well.
Plus, the overall expansion and targeted build out of Kettle Drilling's infrastructure and operations has largely been accomplished. This means the capital expenditures of that expansion effort will ease up in the future and they can bring those operations into full profitability aggressively now.
And that is all possible because they accomplished a perfect secondary raise of $7M with light dilution and are fully funded which allows them to fund the development of their resource plays while letting Kettle's cash flow start to hit the bottom line in the future.
In other words, this company is on the move. I'm not suprised the stock is prospering now while others are not. Right company in the right sectors = the right stock.
Hello
I took a much needed vacation from Thanksgiving through today. I'll be back on the beat in the next few days when I can start work again on DPDW related matters. Some followup from the visit is needed as well which will occur next week.
I have not read this or any board for a week and am not looking for confidence during tough markets in such places. I do rely on independent research and inquiry for that. I do believe some of my companies will prosper during overall bearish conditions. In fact, DPDW as a company should experience significant growth in the upcoming year when other American companies may lose ground. That should not be an issue here.
I do realize the importance of sharing with other investors so I'm in no way knocking the value of first hand reports and additional analysis from online sources. I'm merely saying I needed a rest period and had no worries that would have motivated me to post during that time. Vacation had priority.
Will be back in the next week. I'll answer some PMs within that time too. Be well
Happy Thanksgiving folks. Completed my drive late last night and finally arrived home. Been thinking about a report from my visit and I will be setting up a blog to cover all the details and impressions so it can be referred to more easily. It will be up and running next week.
My priority is my investment and my partner's. I will confess that any contribution I make here or on the web in any fashion takes a big second place to my relationship with the company and protecting that. I will not hype anything, but tell it as I see in the most appropriate fashion. I have no doubt that my ability to tell the story accurately will enhance my investment, but it will be done with integrity and without pushing others to buy. You will have to do your own research too.
I did sign a NDA with the company so there are some things I simply will not discuss. I have not taken any compensation and we bought on the open market. My guys and I have a large stake in this enterprise and will continue to do serious due diligence. We have additional follow up to make with company principals and may spend money on a top level consultant to add to our research and projections.
I can confirm DR remains very positive on this company.
As do I.
I seriously doubt you will encounter as quiet a period as we've gone through again. They were busy all the time. They were busy when I visited them and their parking lots were as jammed the next day as I drove past on Route 10 on my way out of Houston. Don't let the holiday week lull you to sleep folks. This is getting better all the time.
I'll focus on getting back on top of things after being away for 3 weeks and that includes getting a start on my analysis of DPDW for the blog. There is plenty I can speak about that will fill in the blanks on the business approach, but anything that is specific to their operations will not be written about. I know what it takes to succeed in business and I will protect them from competition while doing everything I can to support their efforts to become a very big company.
Look at Weatherford. Our CFO was behind the growth of that company from less than DPDW's size when he started right on through to becoming a multi-billion company. In fact, I stayed at the Houston airport Sheraton right next to a building with the Weatherford logo.
I will leave off for now by saying this company does not need to make itself known to the oil industry. EVERYONE very well knows who Ron Smith is and what Deep Down has done. But they may not all be aware yet of what is coming out of Deep Down that are game changing products and services.
They are so in the mix in the sector it is hard to make the point enough. It is just a matter of time before the scale of their orders ramp more steeply. They do repeat business with the majors all the time and their proprietary products are just getting word of mouth now that will propel them into the big time.
Much is on the burner and Mako is coming and if people got bored and thought Mako is cooked in somehow, think again because Mako is going to be VERY GOOD. You'll look back a year from now and realize what they were doing. There is a plan. I understand it better now. I can discuss the broader strokes later and still remain respectful. I will be able to make Dahlman Rose's report more complete for all investors so they have an even better grasp of what they are holding.
Give me a little time. Long trip and now the holidays. Yes, I'm bullish on the company. If you really want to invest in order to counter market conditions long term you must continue doing your due diligence on DPDW. There is NO OTHER COMPARABLE COMPANY IN THE MARKET AT THIS PRICE.
Regards,
TradeSwapper
Good News. Spent half a day at DPDW today with an investment banker partner and it was fantastic.
The facilities are far more impressive in person than any photos could convey. It is a beehive of activity.
CEO Ron is a genius at product development done in real time to meet client demands and there are many patents pending as a result.
I saw a Proteus undergoing wave heave simulation. Very impressive.
Major LARS units were in various stages of development and staggering.
I met ElectroWave founder Ron Nance and he is very bullish about having been acquired by DPDW. Nance is a very passionate man with decades of oil services experience, vast engineering skills and serious coding skills. There are jaw dropping EW demos of their full ship systems control interfaces on site.
Also met Lieutenant Commander Gregory Boucher who is on board FULL TIME pushing EW product line into the boating markets including coast guard, military and many others. He was a very striking presence, extremely articulate and very positive on company prospects for market penetration.
I've driven cross country and have another 1,000 miles to go and need to rest before driving. I'll post more comprehensively after Thanksgiving.
In a nutshell, this is not like any OTCBB company I have ever seen. This is a MAJOR operation with all the big clients actively buying from them right now. This company is expanding fast and will be bursting at the seams. They are lined up for major growth.
Have a fine holiday.
Yes, they will be gone. Then we'll shed the traders who just got in on the next run and what it should result in is a more condensed version of the shareholder base we're looking for before this makes a move towards the $3 mark which is coming.
There are obviously buyers of the stock at all price levels, but any experienced person knows that unless you want to actively trade every stock there will be days where selling outweighs buying and the result for some reason confounds some people who believed they were longs until their mettle was tested.
The logic that you must always get out of the way of a moving train becomes the tool of the trader and the downfall of the weak mind. I say weak mind because they didn't have a plan. Just as a trader should have a plan, a long should have one too.
If your DD said you're correct to go long, interim market behavior is often just white noise you'll have to weather. And if you're a long with a plan, dips become cost averaging opportunities as some here probably have done.
You can expect one thing. The stock will rise quite a bit when scared people just stop exiting the stock. That is the only thing going on now, i.e. the hunt for cheaper shares by pockets bigger than yours. As long as there are shaky hands holding the stock there will be bid raids by a hedge fund or MMs. They operate similarly, but differently. A hedge fund is more aggressive in testing your will while a MM will whack the bid only when buying support is not evident.
P.S. You can also substitute the trading desk of an institutional buyer for a hedge fund, because they may be in there taking advantage of all this mayhem too. It doesn't mean they forgot the price target of 2.50, only that they are opportunistic too.
In sum, as soon as the weak hands are done selling this goes up.
It is a simple human phenomenon. It is called losing perspective. Everything gets accentuated to the worst or the best of the moment to the exclusion of the bigger picture. It will pass.
Every great stock I've held long term has gone through occasional gyrations like this. If I had sold each time there were selling days I would have forfeited 300-700% gains the following year.
This company is doing solid business first off. They have built up their operations while a public company in rapid order and on a timeframe that is actually quite swift even if it does not always match the trading metabolism of traders.
Also, the really great stocks that start on the OTCBB and move up have several thresholds they first transcend before they get even bigger trading interest by the markets at large. Due to early, and I mean early, analyst coverage and institutional ownership of this stock, the attention level focused on DPDW is already greater than other companies at similar phases in their growth. But you really have not seen anything yet.
Future roadshows will take this company to the street in a big way. After this hits Dahlman Rose's $2.50 price target and the company is nearing an application to uplist to a higher exchange, they will be able to present DPDW to many new big players and when they do this stock will reach new levels of patronage and share price.
There are always stages along the way where people get off the boat and NEVER CLIMB BACK ON. They will see the stock at $5 and $10 and whatever knowing they were on board once, but went to play elsewhere instead. This will take a little time to rocket again, but there can be a blast of concurrent news updates at any time that rattle people awake as to what they are holding or should be buying. For now, bargain hunters are lurking trying to determine where to step in while agitators will lob TA predictions to get what they want out of the situation.
In the end, you're right or you're wrong. You think DPDW is gearing up for big things? OK. You should do fine then.
Exactly. DPDW is very much in the mix within a sector slinging around very large sums to service deep sea drilling activities. The company is building out their operations and are priming for serious growth.
I just got up to speed with the Q PR and see there were increased costs the past quarter. I doubt anybody watching the activity on the cams the past few months will doubt there have been costs associated with being busy, but also with continued development of their products and capacities.
Basically, DPDW is going to be in the right place at the right time and whether revenues were not more this past quarter don't lose sight of the fact that $12M over 9 months already makes this much more than a small time company. They are on their way and revenues should jump higher and higher.
I head to Houston soon. Q is out of the way. I look fowards to Mako, more Proteus sales and increased contracts with a growing client list.
Yes and recall the excitement over the previous string of news. Now any such set of further developments will be even more powerful due to the growing constituency that has gathered around this stock since then.
You're very good. That explains it without any negative hype needed. As soon as I saw that deal I knew even the average Joe will probably realize what these guys are doing. They are indeed playing musical chairs. Their pro forma assertions seem more bogus than ever and the Nasdaq application announcement was rubbish. The OTC Journal has been pumping this to no avail. Not that many serious buyers of this stock to really move it to new highs. Once the music stops this stock could tank hard. If you can't figure anything out that a penny stock company is doing it usually means they want it to be complicated as they play their shell games. There is no intrinsic continuity to TTGL as they seem to have no other business plan other than lining their own pockets by cutting deals and flipping their interest in each property. Nobody should go to sleep on this stock and consider it an investment because this is the antithesis of a company run in alignment with shareholder interests.
It is freaking weird.
I did 8 laps. I hit 177 MPH. It was awesome. It is the best riding program out there. Do it. You'll be grinning from ear to ear.
Hi all. checking in. With such a tightly ranged consolidation under our belts now, any strength next week can easily mean this stock will never be under $2 again. What a superb chart. Any good news and continued fundamental progress is extremely well supported by the technicals now. With the markets sucking so much and huge deep sea oil reserves being the rapidly dawning reality of the world we are going to see continued money flow into this sector because there is a lot of capital out there seeking places to put their money and generate further returns. This stock should be a prime beneficiary. Yet again, the hedge theory for DPDW seems very sound going into 2008. Great looking week going into next week. Don't be surprised to see this over $3 in the next month.