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If you enjoy hurricanes, it's a great site. The storm archive is impressive.
Ike should take quite a beating after raking Cuba for the next 24 hours or more.
Here's a great hurricane site you guys might enjoy looking at:
http://www.stormpulse.com
Ike: http://www.stormpulse.com/hurricane-ike-2008
And I'm sure you're all familiar with the official NOAA hurricane site.
http://www.nhc.noaa.gov
Enjoy!
Just hanging out with my free shares. I'm still hoping some day that they will work something out with Royal Spas. Until then...we just wait...and wait.
I have to agree. I seem to remember another infamous stock that said they had deals in Dubai...lol! I just had to laugh when this new info came on the board. I think DPDW will do just fine without Abu Dhabi getting involved.
Nice work 4mars!
Chad would be a huge red flag. Let's hope Dexter doesn't go anywhere near this guy.
It looks like the next 2 weeks will be extremely active. I'm sure we'll all be watching closely. Let's keep all our DPDW employees safe as well as all the oil and gas workers!
And forecast to be a Cat 5 by 00Z (8 pm edt) with further strengthening overnight.
http://www.nhc.noaa.gov/text/refresh/MIATCDAT2+shtml/301823.shtml
Satellite: http://www.ssd.noaa.gov/goes/flt/t1/vis-l.jpg
Official forecast is for Cat 5 by this evening with further intensification overnight. 135kts is the low end of Cat 5.
http://www.nhc.noaa.gov/text/refresh/MIATCDAT2+shtml/301823.shtml
It's a beauty on satellite. Looks like it will skim
western Cuba briefly.
http://www.goes.noaa.gov/GIFS/GULFVS.JPG
Now it's 110kts or 125 mph (actually 126 mph). Less than 5kts from a Cat 4.
http://www.nhc.noaa.gov/text/refresh/MIATCPAT2+shtml/301456.shtml
Looks like .70 to me: 57,142,857 x .7 = $40M
Capital Resources and Liquidity
On June 5, 2008, we sold 57,142,857 shares of Deep Down’s common stock in a private placement at a price of $0.70 per share, for a total purchase price of $40.0 million and net proceeds to us of approximately $37.1 million. We used $22.1 million of the net proceeds to fund the cash portion of the Flotation purchase, and used approximately $12.5 million to repay outstanding debt, interest and early termination fees to Prospect on June 12, 2008, with the remainder being retained for working capital purposes.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5852229
And why not!
I believe those are the older Dahlman Rose numbers from a few months ago along with their current target price of $2.50. Either way the forecast numbers over the next 12-18 months are just the start imo. DPDW has made amazing progress over the past 12-18 months and future earnings estimates make this a big bargain right now imo.
Dahlman Rose & Co. : http://www.dahlmanrose.com/Content/Coverage_Group.asp
http://www.dahlmanrose.com/Content/Corporate_Info.asp
http://finance.yahoo.com/q/ae?s=DPDW.OB
.05 eps forecast for this year and .11 next year.
revs 61M this year and 127M in 2009.
Long term monster! Wake me in 3-5 years. Millions are made by those who do their DD and buy undervalued stocks. Eventually they will become fairly valued. Until then...I accumulate. jmho!
We already know that a couple million for this fiscal year is quite possible/likely and then throw in reselling of fuel with increased margins of 500% give or take and suddenly it's an eye opener. I'm looking for this next Q to show the first actual profit for the terminal. We've seen a huge turnaround over the last 12 months. Yes, we showed a net profit of over 400K last Q but a big chunk of that was from the lawsuit we won. I'm also hoping we've lowered/eliminated some or most of our legal/consulting fees. Those that have done the DD like you've said can see the impressive progress ADNY has shown over the past year. I suspect we'll see even more over the next 12 months!
And we'll be worth a lot more than that at this time next year imo! This is a rock bottom entry in my view. The story is just starting and I am looking forward to the coming months and beyond!
Actually the PE is around 11 right now with a forward PE of 6. Extremely undervalued for a triple digit growth company. Expected eps of .05 this year and .11 in 2009.
We've been trying to tell everyone of the potential here. Now more are starting to see it. Should be a fun ride in the coming weeks/months!
I believe this is what we were talking about back when the 10K came out in April. ADNY management believes the terminal assets are worth significantly more than the working capital deficit of 7.9M! Excellent news today!!!
NOTE 2-GOING CONCERN
As of December 31, 2007, the Company has a working capital deficit of $7,949,223 and a retained deficit of $14,928,702 these factors raise substantial doubt regarding the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern depends upon its ability to obtain funding for its working capital deficit. $3,355,984 of the working capital deficit represents the purchase price for the terminal assets which are currently under a capital lease. The Company believes that the market value of the terminal assets is significantly greater than the total working capital deficit and that current cash flow is adequate to support a longer term financing package to satisfy the working capital deficit. These factors lead the Company to expect that the terminal financing will include additional capital to service and pay down existing obligations. Certain officers and directors have agreed in writing to postpone payment if necessary should the Company need capital it would otherwise pay these individuals. Lastly, the Company plans to grow through merger and acquisition opportunities including the expansion of existing business opportunities. The Company expects these growth opportunities to be financed by a combination of equity and debt capital; however, in the event the Company is unable to obtain additional debt and equity financing; the Company may not be able to continue its operations
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=5866495-1243-136920&type=sect&dcn=0001137171-08-000386
ADNY is looking better all the time. New website is top notch but more importantly there is plenty of good reading material on there. I especially like to see the reselling of fuel mentioned in several areas along with the inactive fuel line directly to the airport. ADNY mentions getting into jet fuel and that line can supply 22M gallons a month. So the way I interpret it we can currently run 48M gallons a month trough the terminal via truck loading and we could do another 22M gallons a month of jet fuel via the dedicated 6 inch airport line. Add in the reselling of fuel which will increase our net margins 400-600 percent and we've got a potential monster brewing here.
That's why I sold my shares immediately after that DOT response came out last fall. I knew the DOT wouldn't let them fly without the necessary upfront verified cash in hand. Assuming we believe BLTA is on the up and up, it just looks like they thought letters of credit and other questionable financing would be enough to get DOT approval. Well, it wasn't! I've just followed this since then with mild interest to see where it ends up. I also didn't get a good feeling when talking to management and having them talk about how BLTA would be a $2-3 stock once they start flying. Just simple number crunching with our O/S doesn't support those kinds of numbers. That's assuming BLTA ever gets off the ground. Will they?
ADNY is executing their business plan as stated. Purchase of the terminal by 7/31st and then reselling of fuel which will raise the net profit as much as 500-600% according to IR and others. Eventually this will be duplicated at other terminals that ADNY purchases. Don't you think management will make a lot more money as a public company when we're trading in dollars? lol!
It states very specifically on page 5 that BLTA needs 1/4 of the expected first year operating expenses plus start-up costs available before they can fly. In other words, they can't use anticipated revenues. That's 15M plus start-up costs based on their 1-3-5 plan. So cargo revs can't be used unless its upfront cash.
They didn't just find out about it now. This goes way back to November when they told BLTA they didn't have sufficient funds. It was discussed in depth on the board way back then and quite a few times since then.
http://www.regulations.gov/fdmspublic/component/main?main=DocumentDetail&o=09000064803611cd
And right now the price is just not showing where this company is at imo. It may take the uplisting for some to believe but eventually this will be more fairly valued imo. GL!
Thanks for the ultra-cheapies today! Some just don't learn.
They have also grown the revs (both gross and net) consistently like I said. I hardly consider net income of over 400K (at least) for 2007 a "break even" company. And the numbers you use are very trailing pe numbers. We should be looking for what their total revenue will be in 2008 to be more fairly valued. A profitable pink sheet company and one that is growing. That is what we have here. And I'm not even a shareholder. Just the cold hard facts!
That is not true at all! LBWR has been steadily (and significantly) increasing their gross and net revenues over the past 24 months. And now they have the added benefit of OTI which had 148K in net profit last year and which Dexter said could be 225K in 2008. I always felt this was overvalued up until this year. It's not anymore imo.
actually news of our terminal purchase will do much more and according to IR it's looking very good. But let's keep it quiet yet as some of us are still accumulating...lol!
It's better just to call Steve
speak for yourself...others have patience and are just standing by.
simple math based on earnings. tight float making for some easy swings right now. Relax and enjoy the next 3-5 years.
FYI:
According to our TA (as of today) here is the latest DPDW SS:
O/S: 174,732,501
Restricted: 145,880,449
Float: 28,852,052
Minimal change compared to 6/20th update. That's why I think this latest drop was nothing more than some selling because it was getting close to the bottom of the channel and then others followed when it went below it. You can all wake up now and smell the coffee. The world is not ending. DPDW is ready to rock and roll again. Forward PE of 17 for a company expected to grow over 200% percent this year. Hmmmmm.
thanks for the pics metal!
We're now trading at a forward PE of 17. Pretty ridiculous for a company that is expected to grow their revenues over 200% this year and another 100% plus in 2009. But then so few really do the DD to know what they own. We should be trading at a PE of at least 50 if not more based on our growth. Can you say bargain?
Par for the course with this organization. They never actually do anything. Sell off pieces here and there and give themselves some nice spending money. Benefit to shareholders...none imo.
John Ayling owns and has shared office space with Capital First Corporation LLC all along unless they're doing something else. Did Mr. Ayling give you this overall view of LDTI? There's really nothing new that we didn't already know. We're still waiting for the in-home sales to kick in. Oh wait, we never got any money to finance our sales crew. No word on that since they PR'd it originally. And please tell me Mr. Ayling didn't actually talk about the stock price of LDTI in the future. Looks like I'll have to talk to him again this week.
No. And this is old news that they've been having these meeting for months to increase the Authorized to 7M. The price increase from sub-dollar came well after this news came out.
There ya go. Nice digging there Landshark.