brikk , you and I are the executive producers of the show by now

no idea but it is definitely $$$$ for deep down.

hey all, check out the two flatbeds waiting to be loaded up and the forklifts are busy today carrying those huge wooden boxes through the warehouse.

sure rigmedic the way you do it is do [ chart ]your link here[ /chart ] (all together though I spaced it so it would appear here)for each picture. since you are using photobucket, erase the http:// and add www. to the front of each link, and there you have it

here you go rigmedic and thank you for those great pictures, much appreciated, great for the board to see













hahahaha you got some great pictures rigmedic thanks again.

you got the popcorn, or me brikk?

hey all, cameras are still down, guess i have to go watch boring real tv, lol

sometimes I think i am also brikk and then the company gives me another reason to add just a little more, lol, great company and great management will do that to you i guess

Mr. Butler says "Our current backlog alone exceeds last year's revenue" that is music to our ears, since our revenue for 2006 was $8,821,149 and for this quarter alone it was $7,243,182. Can you imagine with added acquistions? organic growth is certainly a thing of beauty.

link to last years 10K for those who have not read or even compared it just to this quarter:

http://esignal.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingCONVPDF1?SessionID=fwcDWNsLZAP....

There is a lot of great stuff in their that can make you a more knowledgable investor and help you "know what you own." Take the time out to read it, it will surely help.

guess Greiner's 1972 growth model is working perfectly here:




and we have a ways to go before the decline phase, since this industry is projected to grow, again grow (and i'm sure Deep Down will grow along with it), in the next 10 years.

sounds great would love to see that, what we must all realize is that what we come up with, whether it be conservative or projected numbers, leads you to one thing and that is extreme potential.

your calculations were great, like to see the conservative numbers we are getting, being that we have a management team that overperforms.

most certainly brikk, you should know me by now and that there is usually merit behind my madness. The multiple I used was generous, which I stated and that multiple was the fact I anticipate more out of the Mako Technologies deal. Sometimes other scenarios can develop, for example, your calculations were great and the main difference is that I used a two acquistions (which I feel is very possible at this stage in the growth phase).

one thing to take into consideration is the fact that many analysts use the Price-Cash Flow ratio to measure and compare a company's current market value to its cash flow. This ratio is often neglected and wrongfully so. Since the ratio takes into account cash flows, which in its simplest form is net income plus depreciation. The problem here lies in the fact that earnings and cash flow differences can be somewhat confusing, due in part to standard accounting practices and the way they define net income. So remember net income is measured as revenues minus expenses, however, not all expenses are actually cash expenses.

To achieve the P/CF using the reported quarterly, usually (meaning again most analysts) multiply the last quarterly cash flow figure by four.


check out the P/CF ratio:

with the current quarterly numbers we get operating cash flow for the six months ending in june of $427,319 X 2 = 854,638/ 67,870,171 =0.01259 cash flow per share

now that means that at 0.77/0.01259 = 61.1596

excellant!

now lets say that with new aquistions and such we increase our cash flow to 1.4 million at the end of the year, at these share prices that would generate a P/CF of 37.3786, which cannot be sustained, which means the pps must adjust accordingly.

Sorry i'm a ratios guy lol

Hey dar,thanks for the DD and brikk excellant numbers and calculations, let me say you were generous with the numbers (I got a little higher then that, lol, then again I was overly excited) so anyway, I found this interesting article by our CEO about the SFL's and Deep Down went above and beyond its projections of 6,000 ft (as per article) to 10,000 ft (as per 10QSB)--->

Product and service innovations and capabilities during the first six months of 2007 include the following highlights:

Successful installation of new Electrical Hydraulic Loose Tube SFLs. This new product innovation greatly extends the typical range for delivering electronic capabilities in SFLs up to 10,000 feet and reduces the need for in-field umbilicals in certain applications.


link to article:
http://www.touchbriefings.com/pdf/951/deep_down_tech.pdf

link to 10QSB (if you still haven't seen it):
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001019687-07-002707&Type=HTML

you and me both my friend

11864 just hit the tape !

this is great to be accumulating here at these levels

great pictures thanks psychobilly and brikk, awesome to see our equipment being used in the field and nicer to know that our current backlog of orders is greater then last years revenue entirely

hey guys, great day to accumulate here today, this is great for us and them. This was a great quarter with 145% boost in revenue and even without ElectroWave still over 100%, and the best part is the orders that are backlogged and still need to be filled and will appear on the next Quarterly.

that looks like fun on camera 2 lol, yard looking busy today

hello all.

nice churning in this range, clear manipulation today, just allows the MM's and us to stock up.

yes sorry guys I was getting confused with the K financials rather then the Q.Its all good in the end.

stand corrected thank you texas.

Hello Jay and welcome aboard: I have started a recap thread that will answer most of your questions, here is the link:

http://investorshub.advfn.com/boards/read_msg.asp?message_id=22040735

yes they are audited and please review the ibox for tremendous amount of DD, (good place to start).

Dahlman and Rose caters to institutional buyers only not individuals, they have started their coverage on Deep Down Inc. with a BUY recommendation and an initial target of $1.50.

for transactions pull up a volume chart and look for big blocks.

hey all, great NEWS out this morning, let's see the amrket adjust the value of this stock.

sounds good to me, I will be reviewing the financials tonight.

great NEWS today tomorrow is going to be interesting to say the least. The proof is in the camera's.

here is gonna be that buying at the ask if you want in before the Q is released

here we go bid building

might see a couple of huge buys coming in close to the end when people that see that they won't get filled decide to just go for the ask.

agreed.but misinformation is not an opinion sir.

i have just confirmed for anyone that was in doubt that an extension to the 10-Q can be granted for 5 calendar (not business days) days from the original deadline and for a 10-K it is 15 days.

camera three looking extra busy

hey all, looks like MM's know what's in the Q's already.

Please this is standard procedure and is completely off topic here. I don't understand how you can be trading in the stock market without understanding the basic principals of share structure.

So here I will explain, so that the air is clear rather then have nonsensical information floating around.

The Authorized Shares are shares that represent the total number of shares of stock authorized when the company was created. Only a vote by the shareholders can increase this number of shares. However, just because a company authorized a certain number of shares doesn’t mean it must issue all of them to the public.

-Most companies retain shares for use later called treasury stock or shares.

-Treasury Shares – Shares a company retains in its treasury and not issued to the public or to employees are treasury stock.

-Restricted Shares – Restricted shares refer to company stock used for employee incentive and compensation plans. Restricted stockowners need permission of the SEC to sell.

-Float Shares – Float refers to the number of shares actually available for trade on the open market. You and I can buy these shares.

-Outstanding Shares – Outstanding shares includes all the shares issued by the company, which would be the restricted shares plus the float.

Here’s a simple example with numbers to illustrate the relationship of these different shares:


Authorized Shares – 100
Treasury Shares – 20
Restricted Shares – 10
Float – 70 (100 – 20 – 10 = 70)
Outstanding Shares – 80 (10 + 70 = 80

Why have this type of structure?

- Look at the relationship of treasury shares and restricted shares to float for where controlling interest of the company will reside. Many companies retain a large percentage of the authorized shares in their treasuries or in the hands of management through restricted shares.
Companies do this to make sure no other company can seize control in an unfriendly takeover. They may also want to have stock handy for future issue instead of using debt to buy another company or for another major expenditure.
Controlling interest held in treasury stock means outside shareholders will have little influence over the decisions of the company.

thanks for reading.

looking really strong here

hey ickyy welcome to the board

The hurricane aspect of Deep Down's business structure will most surely spike here with Dean threatening the entire Gulf of Mexico. here is a link to detail some of the past damage to rigs:

http://home.versatel.nl/the_sims/rig/i-hurricane.htm

and here is a list of rigs and the damage the sustained:

http://home.versatel.nl/the_sims/rig/losses.htm

i second that and your comments are nothing short of irritating, I thought you were out of this one, that's when we were fine