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I'm afraid you've forgotten the Sam's Club road show. Sure to be a big hit, as well.
Someone asked if I thought WNBD was 'due' for news, since the last PR was a month ago. After thinking about it, I tend to think there are some developments that could be 'pr worthy' this month. A few off the top of my head:
-Lowe's expansion
-Duane Reade roll out and required sampling program
-Sneak peak of 4th q revenues.
Exactly, maybe Chamberlain realized if he held for awhile he could achieve a much higher return on his remaining shares.
Thoughts on 4th Q #'s? Hope they provide some early guidance if they are positive.
MiMedx Receives Additional CE Certification for Its HydroFixâ„¢ Technology
PR Newswire
MARIETTA, Ga., Dec. 23, 2010
MARIETTA, Ga., Dec. 23, 2010 /PRNewswire/ -- MiMedx Group, Inc. (OTC Bulletin Board: MDXG), an integrated developer, manufacturer and marketer of patent protected biomaterial-based products, announced today that it has received notification of the Class III certification for a European product using the Company's proprietary HydroFixâ„¢ technology.
This certification for "post surgical adhesion inhibiting barriers" is in addition to the Company's previous certification for HydroFixâ„¢ Spine Shield designated as a Class IIb device for use in certain locations along the anterior spine as a plane of dissection during revision surgery. The new Class III certification is for use during posterior and anterior vertebral surgeries as a cover for the spine, including contact with the Central Nervous System ("CNS") and Central Circulatory System ("CCS"), to provide a plane of dissection during revision surgery.
"As with anterior spine surgeries, where patients are exposed to significant risks when revision surgeries are necessary, posterior revision surgeries pose similar significant risks to the patient. Adhesions from previous surgery can significantly interfere with surgical technique, increase operating time and cause subsequent complications as well," said Parker H. "Pete" Petit, MiMedx Chairman and Chief Executive Officer. "Posterior vertebral surgeries are more prevalent than anterior vertebral surgeries. With this latest certification, we can begin to market HydroFixâ„¢ Spine Shield for use in posterior surgeries. This will allow us to serve the demand for post-surgical adhesion inhibiting barriers in the much broader posterior surgical market."
Bill Taylor, MiMedx President and Chief Operating Officer, added, "In addition to revision surgery, the applications now available to surgeons with this latest certification include fusion surgery, trauma, laminectomy and implantation or removal of hardware. Since we began the commercialization of HydroFixâ„¢ Spine Shield with the original certification, physicians have expressed continual interest in the timing of the certification for an expanded product offering that is appropriate for contact with the CNS and CCS. We are pleased that we are now at that point."
Due to the contact with the CNS and CCS, the Medical Devices Directives of the European Economic Community mandate this as a Class III device requiring a design dossier to be reviewed/certified by a notified body prior to commercialization.
The HydroFixâ„¢ Spine Shield is a permanent and biocompatible implant which is suitable as an adhesion inhibiting barrier or plane of dissection between anatomical structures. The proprietary and patented manufacturing process produces a product that is pliable, constructed in a single-layer and hydrophilic. The product may be trimmed and fitted easily at the time of use and may be sutured into place.
About the Company
MiMedx Group, Inc. ("MiMedx Group") is an integrated developer, manufacturer and marketer of patent protected biomaterial-based products. The Company is successfully emerging from a development-focused start-up into a fully integrated operating company with an experienced team poised to capitalize on its science and technology to generate rapid sales growth and profitability. Our mantra is "Repair, don't replace" because our biochemists, engineers, designers and physicians believe it is better to augment repair when possible rather than replace traumatized, but otherwise healthy tissues and structures. Our platform technologies, HydroFixâ„¢ and CollaFixâ„¢, have a vast number of potential applications in treating traumatized tissue and structures and we are focused on commercializing multiple applications
of both technologies. In parallel, we are seeking strategic relationships, in selective categories, to more rapidly commercialize our technologies. HydroFixâ„¢ and CollaFixâ„¢ are trademarks of MiMedx Group, Inc.
He (Chamberlain) probably saw the PR about the acquisition or read it in the Houston Business Journal. He might want to hold some for higher prices, imo, imo
DPDW .11 Market seems to like the acquisition news. Should add 2M a year in earnings.
It will turn soon.
You do make an interesting point. Working on pure commission does make you hungry. Perhaps he could get on the phones and try to close some deals.
This is true. It will be 3 years in April from your initial purchase.
TAKI Member Profile TAKI Member Level Share Friday, April 25, 2008 1:32:55 PM
Re: None Post # of 156441
Hi guys.I took up a starter position here.See what happens.
With an eps of about .013, I think .25 is in range, with solid guidance on 2012. REMEMBER, we are in a secular oil bull market for the next 7-9 years. Oil service companies will be in high demand.
They must not know about the pebbles.
Appears as if the market approves of the news. Nice bidding so far.
dpdw
You are welcome, obi. Let's have a prosperous 2011!
DPDW~ Acquisition news~ The JV is expected to generate more than a $100 million of revenues for the year ended December 31, 2011. Deep Down will use the equity method of accounting to recognize its proportionate share of the earnings of the JV.
Deep Down, Inc. (OTC Bulletin Board: DPDW) ("Deep Down"), an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today announced the formation of a new joint venture, Cuming Flotation Technologies, LLC (the "JV") with an affiliate of York Capital Management ("York"), for the purpose of combining the operations of Cuming Corporation and Deep Down's Flotation Technologies subsidiary as of December 31, 2010. Under the terms of the joint venture agreement with York, Deep Down contributed the assets and liabilities of Flotation Technologies Inc. into a new entity, Flotation Tech, LLC ("Flotec") plus $1.4 million in cash to the JV in exchange for a 20% equity interest, and York contributed $22.35 million in cash in exchange for an 80% interest. The cash contributions will be used to partially fund the acquisition of Cuming Corporation by the JV, with York providing a bridge loan to fund the balance of the $42 million purchase price and to provide working capital. To fund its cash contribution to the JV, Deep Down issued 20 million shares of common stock to York at $0.07 per share for total proceeds of $1.4 million. This issuance of stock was substantially offset by the return of 18 million shares of common stock previously issued in connection with the Cuming acquisition.
As an important part of this transaction, Deep Down has entered into two agreements with the JV. Under a Management Services Agreement, Deep Down will provide certain technical, administrative and management services to the venture on a cost reimbursable basis. Secondly, a Sales and Service Agreement will provide a platform for Deep Down, Cuming Corporation and Flotec to combine their product and service offerings to better serve the worldwide market.
The JV is expected to generate more than a $100 million of revenues for the year ended December 31, 2011. Deep Down will use the equity method of accounting to recognize its proportionate share of the earnings of the JV.
Deep Down's CEO, Ron Smith, commented, "This joint venture allows Deep Down and its shareholders to participate in the benefits of combining our flotation technologies business with Cuming Corporation, without the dilutive impact of financing the acquisition through the issuance of a large amount of equity. We believe York will make a strong partner that is supportive of our objective of creating a global leader in syntactic foam products and services primarily for the offshore oil and gas markets. The benefits of combining these manufacturing operations, as well as the additional opportunities stemming from the other agreements, will create significant value for our shareholders."
DPDW~ Acquisition news~ The JV is expected to generate more than a $100 million of revenues for the year ended December 31, 2011. Deep Down will use the equity method of accounting to recognize its proportionate share of the earnings of the JV.
Deep Down, Inc. (OTC Bulletin Board: DPDW) ("Deep Down"), an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today announced the formation of a new joint venture, Cuming Flotation Technologies, LLC (the "JV") with an affiliate of York Capital Management ("York"), for the purpose of combining the operations of Cuming Corporation and Deep Down's Flotation Technologies subsidiary as of December 31, 2010. Under the terms of the joint venture agreement with York, Deep Down contributed the assets and liabilities of Flotation Technologies Inc. into a new entity, Flotation Tech, LLC ("Flotec") plus $1.4 million in cash to the JV in exchange for a 20% equity interest, and York contributed $22.35 million in cash in exchange for an 80% interest. The cash contributions will be used to partially fund the acquisition of Cuming Corporation by the JV, with York providing a bridge loan to fund the balance of the $42 million purchase price and to provide working capital. To fund its cash contribution to the JV, Deep Down issued 20 million shares of common stock to York at $0.07 per share for total proceeds of $1.4 million. This issuance of stock was substantially offset by the return of 18 million shares of common stock previously issued in connection with the Cuming acquisition.
As an important part of this transaction, Deep Down has entered into two agreements with the JV. Under a Management Services Agreement, Deep Down will provide certain technical, administrative and management services to the venture on a cost reimbursable basis. Secondly, a Sales and Service Agreement will provide a platform for Deep Down, Cuming Corporation and Flotec to combine their product and service offerings to better serve the worldwide market.
The JV is expected to generate more than a $100 million of revenues for the year ended December 31, 2011. Deep Down will use the equity method of accounting to recognize its proportionate share of the earnings of the JV.
Deep Down's CEO, Ron Smith, commented, "This joint venture allows Deep Down and its shareholders to participate in the benefits of combining our flotation technologies business with Cuming Corporation, without the dilutive impact of financing the acquisition through the issuance of a large amount of equity. We believe York will make a strong partner that is supportive of our objective of creating a global leader in syntactic foam products and services primarily for the offshore oil and gas markets. The benefits of combining these manufacturing operations, as well as the additional opportunities stemming from the other agreements, will create significant value for our shareholders."
DPDW~ Acquisition news~ The JV is expected to generate more than a $100 million of revenues for the year ended December 31, 2011. Deep Down will use the equity method of accounting to recognize its proportionate share of the earnings of the JV.
Deep Down, Inc. (OTC Bulletin Board: DPDW) ("Deep Down"), an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today announced the formation of a new joint venture, Cuming Flotation Technologies, LLC (the "JV") with an affiliate of York Capital Management ("York"), for the purpose of combining the operations of Cuming Corporation and Deep Down's Flotation Technologies subsidiary as of December 31, 2010. Under the terms of the joint venture agreement with York, Deep Down contributed the assets and liabilities of Flotation Technologies Inc. into a new entity, Flotation Tech, LLC ("Flotec") plus $1.4 million in cash to the JV in exchange for a 20% equity interest, and York contributed $22.35 million in cash in exchange for an 80% interest. The cash contributions will be used to partially fund the acquisition of Cuming Corporation by the JV, with York providing a bridge loan to fund the balance of the $42 million purchase price and to provide working capital. To fund its cash contribution to the JV, Deep Down issued 20 million shares of common stock to York at $0.07 per share for total proceeds of $1.4 million. This issuance of stock was substantially offset by the return of 18 million shares of common stock previously issued in connection with the Cuming acquisition.
As an important part of this transaction, Deep Down has entered into two agreements with the JV. Under a Management Services Agreement, Deep Down will provide certain technical, administrative and management services to the venture on a cost reimbursable basis. Secondly, a Sales and Service Agreement will provide a platform for Deep Down, Cuming Corporation and Flotec to combine their product and service offerings to better serve the worldwide market.
The JV is expected to generate more than a $100 million of revenues for the year ended December 31, 2011. Deep Down will use the equity method of accounting to recognize its proportionate share of the earnings of the JV.
Deep Down's CEO, Ron Smith, commented, "This joint venture allows Deep Down and its shareholders to participate in the benefits of combining our flotation technologies business with Cuming Corporation, without the dilutive impact of financing the acquisition through the issuance of a large amount of equity. We believe York will make a strong partner that is supportive of our objective of creating a global leader in syntactic foam products and services primarily for the offshore oil and gas markets. The benefits of combining these manufacturing operations, as well as the additional opportunities stemming from the other agreements, will create significant value for our shareholders."
Real nice feather in DPDW's cap. Should bring 20M in rev for 2011.
Nice use of bold, also the cartoon, in my opinion, provided some much needed humor, t-bear.
Perhaps that belongs on the GETT board then?? Just a thought since there is no affiliation between the two companies.
Nice Research! There is one small problem, however,
WNBD doesn't have a ten year history. The reason for that is the company is less than 4 years old.
15-20k total.
15-20k is my guess.
Key is getting to 1,000/oz production a month. Very doable and some nice cash flow with gold hovering close to $1500/oz in 2011.
Going to be scary for those folks
who are frightened of success. Should get 10-20 new investors each day the ads run.
15-20 return from here would put this at a $600M market cap. Not happening.
Hope they get enough subs that the advertising becomes self-funding.
Thanks and likewise!
GRDO~ Guard Dog also recorded their first national television campaign, scheduled to begin airing January 8, 2011 on Fox Business Network in 53 strategic markets and followed by additional exposure on MSNBC.
next week would be my '
guess
Here we go!!
Our duty this weekend, is to enjoy our families and tell the people we care about that Kendra is going to be on Fox Business Channel next week.
Might be the best PR ever written--period.
Maybe they should go into the water business.